Recent Updates — HDSN
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.
Hudson Technologies announced it has been re-awarded a prime contract with the United States Defense Logistics Agency following a rebidding process that resolved a previous bid protest. The Indefinite Delivery Indefinite Quantity agreement is valued at $210 million, with an initial term running through August 4, 2031 and a five-year option to extend through July 31, 2036. This contract renewal validates the company's competitive standing after the DLA rescinded the prior award during the evaluation of the protest filed by an unsuccessful bidder in January 2026. Hudson Technologies operates in the HVACR industry as a provider of sustainable refrigerant products and services.
On June 11, 2026, the company's primary refrigerant reclamation facility in Champaign, Illinois (the Mattis Facility), sustained extensive roof, structural, and water damage due to strong storms and tornadoes. No injuries or loss of life were reported. The company has activated emergency protocols, initiated insurance claim recovery, and is diverting operations to its Smyrna, Georgia facility and other locations to mitigate disruptions. Hudson Technologies operates in the chemical industry, specializing in the reclamation and marketing of refrigerants.