Earnings ·
Reports Q3 revenue of $59.4M and diluted EPS of $0.05; re-awarded DLA contract valued at $210 million
HDSNHudson Technologies Inc
Hudson Technologies reported third-quarter revenue of $59.4 million, a 20% decline from the prior-year period, driven by a 9% drop in sales volume and a 17% decrease in selling prices. Net income fell to $2.0 million, or diluted earnings per share of $0.05, compared to $12.4 million in Q3 2025. Gross margin was 25%, down from 32% the previous year, as lower refrigerant market pricing compressed profitability. The company ended the quarter with $35.3 million in cash and no debt. Additionally, Hudson Technologies announced it has been re-awarded a Defense Logistics Agency contract valued at $210 million and entered into a joint development agreement for next-generation separation technology. The company operates in the refrigerant recovery, reclamation, and sales industry.