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Hudson Technologies, Inc. (HDSN)

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1.5300+0.0900 (+6.25%)
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Neutralpattern detected
Previous Close1.4400
Bid0.0000 x 1800
Ask0.0000 x 900
Day's Range1.4100 - 1.5300
52 Week Range0.5200 - 2.0800
Avg. Volume1,381,400
Market Cap66.322M
Beta (5Y Monthly)1.26
PE Ratio (TTM)N/A
EPS (TTM)-0.2630
Earnings DateMar 03, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.32
  • Benzinga

    Hudson Technologies: Q4 Earnings Insights

    Shares of Hudson Technologies (NASDAQ:HDSN) fell in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 56.00% over the past year to ($0.11), which missed the estimate of ($0.09). Revenue of $22,110,000 decreased by 14.15% from the same period last year, which missed the estimate of $23,100,000. Looking Ahead Hudson Technologies hasn't issued any earnings guidance for the time being. Revenue guidance hasn't been issued by the company for now. How To Listen To The Conference Call Date: Mar 03, 2021 View more earnings on HDSN Time: 05:00 PM ET Webcast URL: https://www.webcaster4.com/Webcast/Page/2161/40141 Price Action Company's 52-week high was at $2.08 Company's 52-week low was at $0.52 Price action over last quarter: Up 37.38% Company Profile Hudson Technologies Inc is an American industrial products manufacturer. It develops products which are mainly used in commercial air conditioning, processing, and refrigeration systems. The company products include refrigerant and industrial gases, refrigerant management services and RefrigerantSide services, which consist of system decontamination. These are performed at a customer's site using its Zugibeast system, which is a fast and portable system and allows the R-Side services team to accelerate critical services while saving customers time, money and aggravation. The company also owns a web-based real-time monitoring service which is used in the facility's refrigeration systems and other energy systems. See more from BenzingaClick here for options trades from BenzingaEarnings Scheduled For March 3, 2021Earnings Outlook For Hudson Technologies© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Hudson Technologies Reports Fourth Quarter 2020 Results

    Hudson Technologies Reports Fourth Quarter 2020 Results

    PEARL RIVER, N.Y., March 03, 2021 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) announced results for the fourth quarter and year ended December 31, 2020. For the quarter ended December 31, 2020, Hudson reported revenues of $22.1 million, a decrease of 14% compared to revenues of $25.8 million in the comparable 2019 period. The decrease in revenue was primarily due to decreased volume, as the COVID-19 pandemic and the associated closures of public venues such as commercial and recreational facilities, schools and universities across the U.S. negatively impacted the Company’s end markets and overall demand for refrigerants for much of the year, partially offset by an increase in selling price of certain refrigerants. Gross margin in the fourth quarter of 2020 was 25%, compared to 19% in the fourth quarter of 2019, mainly due to the aforementioned increase in selling price of certain refrigerants. Hudson reported an operating loss of $1.7 million in the fourth quarter of 2020 compared to an operating loss of $4.8 million in the prior year period. The Company recorded a net loss of $4.7 million or ($0.11) per basic and diluted share in the fourth quarter of 2020, compared to a net loss of $10.8 million or ($0.25) per basic and diluted share in the same period of 2019. For the year ended December 31, 2020, Hudson reported revenues of $147.6 million, a decrease of 9% compared to $162.1 million in 2019. The decrease in revenue was primarily due to decreased volume, related to the pandemic-driven closures described above. Gross margin for full year 2020 improved to 24% compared to gross margin of 11% for the full year 2019. The Company reported operating income of $5.9 million for 2020 compared to an operating loss of $15.8 million in 2019. The Company’s net loss for 2020 was $5.2 million, or ($0.12) per basic and diluted share, compared to a net loss of $25.9 million, or ($0.61) per basic and diluted share in 2019, which included a $9.2 million non-cash inventory adjustment mainly due to declines in selling prices of certain refrigerants during that time period. Brian F. Coleman, President and Chief Executive Officer of Hudson Technologies commented, “2020 was a challenging year for our industry, characterized by the public health and economic uncertainties caused by the global COVID-19 pandemic. As we begin 2021, we are optimistic that the widespread closures related to the virus will begin to subside and enable the broader re-opening of our economy. With that in mind, we are planning and preparing for the 2021 selling season so that we are ready to meet potential demand as more cooling systems return to operation and we look forward to fully re-engaging with our customers as they continue to come back online.” Conference Call Information The Company will host a conference call and webcast to discuss the fourth quarter results today, March 3, 2021 at 5:00 P.M. Eastern Time. To access the live webcast, log onto the Hudson Technologies website at www.hudsontech.com, and click on “Investor Relations”. To participate in the call by phone, dial (888) 506-0062 approximately five minutes prior to the scheduled start time. International callers please dial (973) 528-0011. Callers should use entry code: 227063. A replay of the teleconference will be available until April 3, 2021 and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331. Callers should use conference ID: 40141. About Hudson Technologies Hudson Technologies, Inc. is a leading provider of innovative and sustainable solutions for optimizing performance and enhancing reliability of commercial and industrial chiller plants and refrigeration systems. Hudson's proprietary RefrigerantSide® Services increase operating efficiency, provide energy and cost savings, reduce greenhouse gas emissions and the plant’s carbon footprint while enhancing system life and reliability of operations at the same time. RefrigerantSide® Services can be performed at a customer's site as an integral part of an effective scheduled maintenance program or in response to emergencies. Hudson also offers SMARTenergy OPS®, which is a cloud-based Managed Software as a Service for continuous monitoring, fault detection and diagnostics and real-time optimization of chilled water plants. In addition, the Company sells refrigerants and provides traditional reclamation services for commercial and industrial air conditioning and refrigeration uses. For further information on Hudson, please visit the Company's web site at www.hudsontech.com. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 Statements contained herein which are not historical facts constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, changes in the laws and regulations affecting the industry, changes in the demand and price for refrigerants (including unfavorable market conditions adversely affecting the demand for, and the price of, refrigerants), the Company's ability to source refrigerants, regulatory and economic factors, seasonality, competition, litigation, the nature of supplier or customer arrangements that become available to the Company in the future, adverse weather conditions, possible technological obsolescence of existing products and services, possible reduction in the carrying value of long-lived assets, estimates of the useful life of its assets, potential environmental liability, customer concentration, the ability to obtain financing, the ability to meet financial covenants under existing credit facilities, any delays or interruptions in bringing products and services to market, the timely availability of any requisite permits and authorizations from governmental entities and third parties as well as factors relating to doing business outside the United States, including changes in the laws, regulations, policies, and political, financial and economic conditions, including inflation, interest and currency exchange rates, of countries in which the Company may seek to conduct business, the Company’s ability to successfully integrate any assets it acquires from third parties into its operations, the impact of the current COVID-19 pandemic, and other risks detailed in the Company's 10-K for the year ended December 31, 2019 and other subsequent filings with the Securities and Exchange Commission. The words "believe", "expect", "anticipate", "may", "plan", "should" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. Investor Relations Contact:John Nesbett/Jennifer BelodeauIMS Investor Relations (203) 972-9200jnesbett@institutionalms.comCompany Contact:Brian F. Coleman, President & CEOHudson Technologies, Inc.(845) 735-6000bcoleman@hudsontech.com Hudson Technologies, Inc. and SubsidiariesConsolidated Balance Sheets(Amounts in thousands, except for share and par value amounts) December 31, 2020 2019 Assets Current assets: Cash and cash equivalents $1,348 $2,600 Trade accounts receivable – net 9,806 8,061 Inventories 44,460 59,238 Prepaid expenses and other current assets 6,528 4,525 Total current assets 62,142 74,424 Property, plant and equipment, less accumulated depreciation 21,910 23,674 Goodwill 47,803 47,803 Intangible assets, less accumulated amortization 23,150 26,012 Right of use asset 6,559 8,048 Other assets 85 192 Total Assets $161,649 $180,153 Liabilities and Stockholders' Equity Current liabilities: Trade accounts payable $7,644 $10,274 Accrued expenses and other current liabilities 19,417 18,120 Accrued payroll 1,394 724 Current maturities of long-term debt 7,314 3,008 Short-term debt 2,000 14,000 Total current liabilities 37,769 46,126 Deferred tax liability 1,355 1,192 Long-term lease liabilities 3,927 5,742 Long-term debt, less current maturities, net of deferred financing costs 77,976 81,982 Total Liabilities 121,027 135,042 Commitments and contingencies Stockholders' equity: Preferred stock, shares authorized 5,000,000: Series A Convertible preferred stock, $0.01 par value ($100 liquidation preference value); shares authorized 150,000; none issued or outstanding — — Common stock, $0.01 par value; shares authorized 100,000,000; issued and outstanding: 43,347,887 and 42,628,560, respectively 433 426 Additional paid-in capital 118,269 117,557 Accumulated deficit (78,080) (72,872)Total Stockholders' Equity 40,622 45,111 Total Liabilities and Stockholders' Equity $161,649 $180,153 Hudson Technologies, Inc. and SubsidiariesConsolidated Statements of Operations(unaudited)(Amounts in thousands, except for share and per share amounts) Three months ended December 31, Twelve monthsended December 31, 2020 2019 2020 2019 Revenues $22,110 $25,753 $147,605 $162,059 Cost of sales 16,684 20,989 112,195 144,894 Gross profit 5,426 4,764 35,410 17,165 Operating expenses: Selling, general and administrative 6,460 8,864 26,644 30,018 Amortization 715 715 2,862 2,931 Total operating expenses 7,175 9,579 29,506 32,949 Operating income (loss) (1,749) (4,815) 5,904 (15,784) Other expense: Interest expense (2,918) (5,990) (12,330) (18,911)Other income (expense) 22 (1) 1,033 9,411 Total other expense (2,896) (5,991) (11,297) (9,500) Loss before income taxes (4,645) (10,806) (5,393) (25,284) Income tax expense (benefit) 103 (35 (185) 656 Net loss $(4,748) $(10,771) $(5,208) $(25,940) Net loss per common share – Basic $(0.11) $(0.25) $(0.12) $(0.61)Net loss per common share – Diluted $(0.11) $(0.25) $(0.12) $(0.61)Weighted average number of shares outstanding – Basic 42,881,307 42,628,560 42,710,381 42,613,478 Weighted average number of shares outstanding – Diluted 42,881,307 42,628,560 42,710,381 42,613,478


    Hudson Technologies, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / March 3, 2021 / Hudson Technologies, Inc. (NASDAQ:HDSN) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on March 3, 2021 at 5:00 PM Eastern Time.