{"id":523396,"date":"2021-08-04T16:11:50","date_gmt":"2021-08-04T20:11:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hudson-technologies-reports-record-second-quarter-2021-revenues\/"},"modified":"2021-08-04T16:11:50","modified_gmt":"2021-08-04T20:11:50","slug":"hudson-technologies-reports-record-second-quarter-2021-revenues","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hudson-technologies-reports-record-second-quarter-2021-revenues\/","title":{"rendered":"Hudson Technologies Reports Record Second Quarter 2021 Revenues"},"content":{"rendered":"
\n

PEARL RIVER, N.Y., Aug. 04, 2021 (GLOBE NEWSWIRE) — Hudson Technologies, Inc. (NASDAQ: HDSN) announced results for the second quarter and six months ended June 30, 2021.<\/p>\n

For the quarter ended June 30, 2021, Hudson reported revenues of $60.5 million, an increase of 27% compared to revenues of $47.7 million in the comparable 2020 period. Second quarter revenue growth was driven by increased demand as well as increased selling prices for certain refrigerants during the period. Gross margin in the second quarter of 2021 was 36%, compared to 27% in the second quarter of 2020, mainly due to the aforementioned increase in selling price of certain refrigerants. Hudson reported operating income of $14.4 million in the second quarter of 2021 compared to operating income of $5.2 million in the prior year period. The Company recorded net income of $11.3 million or $0.26 per basic and $0.24 per diluted share in the second quarter of 2021, compared to net income of $2.4 million or $0.06 per basic and diluted share in the same period of 2020.<\/p>\n

For the six months ended June 30, 2021 Hudson reported revenues of $94.3 million, an increase of 12% compared to revenues of $84.0 million in the first six months of 2020. The revenue growth was driven by increased demand as well as increased selling prices for certain refrigerants during the period. Gross margin in the first half of 2021 was 33%, compared to 25% in the first half of 2020, mainly due to the aforementioned increase in selling price of certain refrigerants. Hudson reported operating income of $16.1 million for the first six months of 2021 compared to operating income of $5.6 million in the prior year period. The Company recorded net income of $10.2 million or $0.23 per basic and $0.22 per diluted share in the first half of 2021, compared to a net loss of $0.5 million or ($0.01) per basic and diluted share in the same period of 2020.<\/p>\n

At June 30, 2021, the Company had approximately $41 million of total availability, consisting of cash and cash equivalents plus revolving loan availability.<\/p>\n

Brian F. Coleman, President and Chief Executive Officer of Hudson Technologies commented, \u201cWe are pleased to have delivered strong second quarter results as demonstrated by substantial revenue growth and significantly improved profitability. Our performance was driven by increased demand as well as favorable pricing trends across our portfolio of refrigerants. We view the selling season as a nine-month period, and the second quarter has historically been a strong quarter for us as it typically coincides with warmer weather in the North and Northeast resulting in the start-up of cooling systems. During the second quarter, our business also benefitted from the favorable impact of the U.S. economy reopening. As we move through the balance of our selling season, we\u2019re optimistic about the activity and interest we\u2019re seeing for our products in the marketplace.<\/p>\n

\u201cAdditionally, from a regulatory perspective, we\u2019re looking forward to the anticipated publication of HFC allocations in September as the allocation portion of the AIM Act goes into effect.\u00a0\u00a0 When the allocations become public, we\u2019ll have more visibility around how the industry will be positioned to supply the large and growing installed base of HFC systems as virgin production begins it phasedown starting in 2022. The AIM Act establishes a cumulative 40% reduction in the baseline by 2024 and we anticipate that reclamation will be critical to maintaining necessary supply during this HFC phasedown period. Given our reclamation capabilities and robust distribution network, Hudson is uniquely positioned as both a supplier and a reclaimer, to meet potential supply shortfalls as virgin HFC production is phased down to 15% in the year 2036. We believe the upcoming HFC phasedown represents a tremendous long-term growth opportunity and will create a favorable environment for us to capture additional business with our sustainable, reclaimed refrigerant offerings,\u201d Mr. Coleman concluded.<\/p>\n

\n Conference Call Information<\/strong>\n <\/p>\n

The Company will host a conference call and webcast to discuss the second quarter results today, August 4, 2021 at 5:00 P.M. Eastern Time.<\/p>\n

To access the live webcast, log onto the Hudson Technologies website at www.hudsontech.com<\/a>, and click on \u201cInvestor Relations\u201d.<\/p>\n

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: 685058.<\/p>\n

A replay of the teleconference will be available until September 3, 2021 and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331. Callers should use conference ID: 42153.<\/p>\n

\n About Hudson Technologies<\/strong> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

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\u00ae<\/sup> Services increase operating efficiency, provide energy and cost savings, reduce greenhouse gas emissions and the plant\u2019s carbon footprint while enhancing system life and reliability of operations at the same time. RefrigerantSide\u00ae<\/sup> 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\u00ae<\/sup>, 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<\/a>.\u00a0<\/p>\n

\n Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995<\/strong>\n <\/p>\n

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.\u00a0 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\u2019s 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, 2020 and other subsequent filings with the Securities and Exchange Commission.\u00a0The words “believe”, “expect”, “anticipate”, “may”, “plan”, “should” and similar expressions identify forward-looking statements.\u00a0 Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.<\/p>\n\n\n
\n
\n Investor Relations Contact:<\/u>
\n <\/strong>
\n
John Nesbett\/Jennifer Belodeau
IMS Investor Relations
(203) 972-9200
jnesbett@institutionalms.com<\/a><\/p>\n<\/td>\n		\n
\n Company Contact:<\/u>
\n <\/strong>
\n
Brian F. Coleman, President & CEO
Hudson Technologies, Inc.
(845) 735-6000
bcoleman@hudsontech.com<\/a><\/td>\n<\/tr>\n<\/table>\n

\n
\n Hudson Technologies,\u00a0Inc. and Subsidiaries<\/strong>
\n
\n Consolidated Balance Sheets<\/strong>
\n
(Amounts in thousands, except for share and par value amounts)<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0<\/strong>\n <\/td>\n\n June\u00a030,\u00a0<\/strong>\n <\/td>\n\n \u00a0\u00a0\u00a0\u00a0<\/strong>\n <\/td>\n\n December\u00a031,\u00a0<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>
\n \n <\/td>\n		\u00a0<\/td>\n\n 2020<\/strong>\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n(unaudited)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n Assets<\/u>
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0\u00a0<\/td>\n<\/tr>\n
\n Current assets:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n\u00a0<\/td>\n$<\/td>\n1,873<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,348<\/td>\n\u00a0<\/td>\n<\/tr>\n
Trade accounts receivable \u2013 net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,314<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,806<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventories \u2013 net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n48,251<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44,460<\/td>\n\u00a0<\/td>\n<\/tr>\n
Prepaid expenses and other current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,186<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,528<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total current assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n94,624<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n62,142<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Property, plant and equipment, less accumulated depreciation<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,634<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,910<\/td>\n\u00a0<\/td>\n<\/tr>\n
Goodwill<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n47,803<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n47,803<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangible assets, less accumulated amortization<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,753<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,150<\/td>\n\u00a0<\/td>\n<\/tr>\n
Right of use asset<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,554<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,559<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n314<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n85<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Assets<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n190,682<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n161,649<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n Liabilities and Stockholders\u2019 Equity<\/u>
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Current liabilities:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Trade accounts payable<\/td>\n\u00a0<\/td>\n$<\/td>\n8,936<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7,644<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued expenses and other current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27,334<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,417<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued payroll<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,859<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,394<\/td>\n\u00a0<\/td>\n<\/tr>\n
Short-term debt<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current maturities of long-term debt<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,724<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,314<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total current liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n59,853<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37,769<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred tax liability<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,472<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,355<\/td>\n\u00a0<\/td>\n<\/tr>\n
Long-term lease liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,809<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,927<\/td>\n\u00a0<\/td>\n<\/tr>\n
Long-term debt, less current maturities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n75,351<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77,976<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n139,485<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n121,027<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Commitments and contingencies<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Stockholders\u2019 equity:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
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<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common stock, $0.01 par value; shares authorized 100,000,000; issued and outstanding 43,707,392 and 43,347,887, respectively<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n437<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n433<\/td>\n\u00a0<\/td>\n<\/tr>\n
Additional paid-in capital<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n118,639<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n118,269<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accumulated deficit<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(67,879<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(78,080<\/td>\n)<\/td>\n<\/tr>\n
\n Total Stockholders\u2019 Equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n51,197<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40,622<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Liabilities and Stockholders\u2019 Equity<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n190,682<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n161,649<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n
\n <\/strong>\n <\/p>\n

\n Hudson Technologies,\u00a0Inc. and Subsidiaries<\/strong>
\n
\n Consolidated Statements of Operations<\/strong>
\n
\n (unaudited)<\/strong>
\n
(Amounts in thousands, except for share and per share amounts)<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0<\/strong>\n <\/td>\n\n Three months<\/strong>\n <\/td>\n\n \u00a0\u00a0\u00a0\u00a0<\/strong>\n <\/td>\n\n Six months<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n ended June\u00a030,\u00a0<\/strong>\n <\/td>\n\u00a0<\/td>\n\n ended June\u00a030,\u00a0<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0<\/strong>\n <\/td>\n\n 2021<\/strong>\n <\/td>\n\n \u00a0\u00a0\u00a0\u00a0<\/strong>\n <\/td>\n\n 2020<\/strong>
\n \n <\/td>\n		\n \u00a0\u00a0\u00a0\u00a0<\/strong>\n <\/td>\n\n 2021<\/strong>\n <\/td>\n\n \u00a0\u00a0\u00a0\u00a0<\/strong>\n <\/td>\n\n 2020<\/strong>\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Revenues<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n60,548<\/td>\n\u00a0<\/td>\n$<\/td>\n47,677<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n94,328<\/td>\n\u00a0<\/td>\n$<\/td>\n84,027<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cost of sales<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38,720<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,996<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n63,362<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n62,999<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Gross profit<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,828<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,681<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,966<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,028<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Operating expenses:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Selling, general and administrative<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,766<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,757<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,514<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,022<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n699<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n716<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,397<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,432<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total operating expenses<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,465<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,473<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,911<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,454<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Operating income<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,363<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,208<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,055<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,574<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Other expense:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net interest expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,872<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,132<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,689<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,446<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other (income) expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(8<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11<\/td>\n)<\/td>\n<\/tr>\n
\n Total other expense<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,877<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,124<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,694<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,435<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income (loss) before income taxes<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,486<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,084<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,361<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(861<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income tax (benefit) expense<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n209<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(302<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n160<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(362<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income (loss)<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n11,277<\/td>\n\u00a0<\/td>\n$<\/td>\n2,386<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10,201<\/td>\n\u00a0<\/td>\n$<\/td>\n(499<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income(loss) per common share \u2013 Basic<\/td>\n\u00a0<\/td>\n$<\/td>\n0.26<\/td>\n\u00a0<\/td>\n$<\/td>\n0.06<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.23<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.01<\/td>\n)<\/td>\n<\/tr>\n
Net income (loss) per common share \u2013 Diluted<\/td>\n\u00a0<\/td>\n$<\/td>\n0.24<\/td>\n\u00a0<\/td>\n$<\/td>\n0.06<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.22<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.01<\/td>\n)<\/td>\n<\/tr>\n
Weighted average number of shares outstanding \u2013 Basic<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n43,498,908<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42,628,560<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n43,426,463<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42,628,560<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted average number of shares outstanding \u2013 Diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n46,418,807<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42,917,562<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n45,844,545<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42,628,560<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

PEARL RIVER, N.Y., Aug. 04, 2021 (GLOBE NEWSWIRE) — Hudson Technologies, Inc. (NASDAQ: HDSN) announced results for the second quarter and six months ended June 30, 2021. For the quarter ended June 30, 2021, Hudson reported revenues of $60.5 million, an increase of 27% compared to revenues of $47.7 million in the comparable 2020 period. Second quarter revenue growth was driven by increased demand as well as increased selling prices for certain refrigerants during the period. Gross margin in the second quarter of 2021 was 36%, compared to 27% in the second quarter of 2020, mainly due to the aforementioned increase in selling price of certain refrigerants. Hudson reported operating income of $14.4 million in the second quarter of 2021 … <\/p>\n

Continue reading “Hudson Technologies Reports Record Second Quarter 2021 Revenues”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-523396","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHudson Technologies Reports Record Second Quarter 2021 Revenues - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hudson-technologies-reports-record-second-quarter-2021-revenues\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hudson Technologies Reports Record Second Quarter 2021 Revenues - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PEARL RIVER, N.Y., Aug. 04, 2021 (GLOBE NEWSWIRE) — Hudson Technologies, Inc. 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(NASDAQ: HDSN) announced results for the second quarter and six months ended June 30, 2021. For the quarter ended June 30, 2021, Hudson reported revenues of $60.5 million, an increase of 27% compared to revenues of $47.7 million in the comparable 2020 period. Second quarter revenue growth was driven by increased demand as well as increased selling prices for certain refrigerants during the period. Gross margin in the second quarter of 2021 was 36%, compared to 27% in the second quarter of 2020, mainly due to the aforementioned increase in selling price of certain refrigerants. Hudson reported operating income of $14.4 million in the second quarter of 2021 … Continue reading \"Hudson Technologies Reports Record Second Quarter 2021 Revenues\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hudson-technologies-reports-record-second-quarter-2021-revenues\/","og_site_name":"Market Newsdesk","article_published_time":"2021-08-04T20:11:50+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMwMzAwNCM0MzQyMDQzIzUwMDA0ODE5MA==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hudson-technologies-reports-record-second-quarter-2021-revenues\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hudson-technologies-reports-record-second-quarter-2021-revenues\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Hudson Technologies Reports Record Second Quarter 2021 Revenues","datePublished":"2021-08-04T20:11:50+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hudson-technologies-reports-record-second-quarter-2021-revenues\/"},"wordCount":1471,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hudson-technologies-reports-record-second-quarter-2021-revenues\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMwMzAwNCM0MzQyMDQzIzUwMDA0ODE5MA==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hudson-technologies-reports-record-second-quarter-2021-revenues\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/hudson-technologies-reports-record-second-quarter-2021-revenues\/","name":"Hudson Technologies Reports Record Second Quarter 2021 Revenues - 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