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HDSN

Hudson Technologies Inc. NASDAQ Capital Market
$1.91
Open: $1.96 High: $2.09 Low: $1.85 Close: $1.87
Range: 2021-04-19 - 2021-04-20
Volume: 691,672
Market: Extended-hours
Powered by Finage Stock APIDelayed data
HDSN
Hudson Technologies Inc. One Blue Hill Plaza New York NY, 10965 http://www.hudsontech.com
Hudson Technologies Inc is an industrial products manufacturer. Its core products are refrigerants and industrial gases which are used for commercial air conditioning and processing.
  • CEO: Kevin J. Zugibe
  • Employees: 262
  • Sector: Industrials
  • Industry: Industrial Products
HDSN News
Latest news about the HDSN
  • Hudson Technologies To Participate At ROTH Virtual Conference

    PEARL RIVER, N.Y., March 09, 2021 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) announced today that Brian F. Coleman, Chief Executive Officer and Nat Krishnamurti, Chief Financial Officer, will participate in the ROTH Virtual Conference on Monday & Tuesday, March 15 & 16, 2021. Messrs. Coleman and Krishnamurti will be available from 9:00 a.m.–6:00 p.m. ET both days, for one-on-one and small group meetings via teleconference. 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. Investor Relations Contact:Company Contact:John Nesbett/Jennifer BelodeauBrian F. Coleman, President & CEOIMS Investor RelationsHudson Technologies, Inc.(203) 972-9200(845) 735-6000jnesbett@institutionalms.com bcoleman@hudsontech.com

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  • 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.

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  • 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

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  • 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.

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  • Hudson Technologies to Host Conference Call to Discuss Fourth Quarter 2020 Results

    PEARL RIVER, N.Y., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) will host a conference call and webcast on Wednesday, March 3, 2021 at 5:00 p.m. Eastern Time to discuss the Company’s fourth quarter results. 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

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  • Hudson Technologies Applauds Adoption of Omnibus/Covid-19 Relief Which Includes the Phasedown of HFC Production

    PEARL RIVER, N.Y., Dec. 29, 2020 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN), a leading provider of innovative and sustainable solutions for optimizing performance and improving efficiency of commercial and industrial chiller plants and refrigeration systems, commented today on the Omnibus/Covid-19 law passed by Congress, and signed by the President. The law includes language in Section 103, Division S that would require the phasedown of virgin production of hydrofluorocarbons (HFCs), while increasing opportunities for reclamation of HFCs. Brian F. Coleman, President and Chief Executive Officer of Hudson Technologies commented, “We are very pleased with the Omnibus/Covid-19 Relief package, which includes the phasedown of virgin production of HFC refrigerants. We believe this law will go a long way to help the country continue its efforts to reduce greenhouse gas emissions and global warming potential, while growing the reclamation opportunity for our industry.“Hudson’s founder, Kevin J. Zugibe, PE, built our Company around his vision to promote sustainability and a circular economy in the refrigerant industry. As such, one of the cornerstones of Hudson’s operations is the reclamation of refrigerant and the complementary services we offer to support reclamation and system optimization. Our industry, along with many NGOs, has been working diligently to assist the Federal government’s development of a program for the orderly phasedown of virgin HFC production and use. Similar to the previous phaseout directed at ozone depleting substances (“ODS”), such as R-22, this legislation will commence the EPA’s path to begin rulemaking to accomplish the goals of an HFC phasedown. An important difference between this legislation versus the ODS phaseout is that when the EPA and refrigerant industry embarked on that phasedown to the eventual phaseout of virgin supply of ODS, the reclamation industry was in its infancy. Today, the reclamation industry is established and strong, with Hudson representing approximately 35% of all refrigerant reclamation activity in the U.S. Reclamation is a key component of the orderly phaseout of refrigerants and the new law is designed to assist the EPA to promote the growth of reclamation during the anticipated HFC phasedown. We view this legislation as a victory at the close of a difficult year. We are excited about Hudson’s future reclamation opportunities related to HFCs, and remain focused on advancing Kevin’s goals and principles.”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 1995Statements 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 Belodeau IMS Investor Relations (203) 972-9200 jnesbett@institutionalms.com Company Contact: Brian F. Coleman, President & CEO Hudson Technologies, Inc. (845) 735-6000 bcoleman@hudsontech.com

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  • Hudson Technologies (HDSN) Surges: Stock Moves 5.2% Higher

    Hudson Technologies (HDSN) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.

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  • Hudson Technologies Reports Third Quarter 2020 Results

    PEARL RIVER, N.Y., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) announced results for the third quarter and nine months ended September 30, 2020. For the quarter ended September 30, 2020, Hudson reported revenues of $41.5 million, a decrease of 9% compared to revenues of $45.6 million in the comparable 2019 period. The decrease is primarily due to a decline in volume, as the continued COVID-19 pandemic and the associated closures of public venues such as office buildings, gyms, schools and universities across the U.S. negatively impacted the Company’s end markets and overall demand for refrigerants. Gross margin in the third quarter of 2020 was 22%, compared to 17% in the third quarter of 2019. The Company reported operating income of $2.1 million for the third quarter of 2020 compared to an operating loss of $1.2 million in the third quarter of 2019. The Company recorded net income of $39,000 or $0.00 per basic and diluted share in the third quarter of 2020, compared to net income of $2.7 million or $0.06 per basic and diluted share in the same period of 2019. During the third quarter of 2019, the Company received $8.9 million in proceeds from the working capital settlement arising from the acquisition of Aspen Refrigerants, Inc. (“ARI”), which led to the net profit in that quarter. Hudson recorded non-GAAP Adjusted EBITDA of $4.6 million in the third quarter of 2020 compared to Adjusted EBITDA of $3.9 million in the third quarter of 2019. (Adjusted EBITDA is a non-GAAP financial measure - see the description of Adjusted EBITDA and tabular Reconciliation of Net Income (Loss) to Adjusted EBITDA in the supplemental table included at the end of this release).      For the nine months ended September 30, 2020, Hudson reported revenues of $125.5 million, a decrease of 8% compared to $136.3 million in the first nine months of 2019. The decrease in revenue was primarily due to decreased volume, related to the pandemic-driven closures described above. Gross margin for the first nine months of 2020 improved to 24% compared to gross margin of 9% for the same period in 2019. The Company reported operating income of $7.7 million for the first nine months of 2020 compared to an operating loss of $11.0 million in the first nine months of 2019. The Company’s net loss for the first nine months of 2020 was $0.5 million, or ($0.01) per basic and diluted share, compared to a net loss of $15.2 million, or ($0.36) per basic and diluted share, in the first nine months of 2019, which included a $9.2 million non-cash inventory adjustment offset by the $8.9 settlement proceeds described above. For the first nine months of 2020, Hudson recorded non-GAAP Adjusted EBITDA of $15.7 million compared to Adjusted EBITDA of $9.9 million in the first nine months of 2019. For the trailing twelve months ended September 30, 2020, Hudson recorded non-GAAP Adjusted EBITDA of $14.9 million, a 75% increase from the $8.5 million of Adjusted EBITDA recorded during the trailing twelve months ended September 30, 2019. (Adjusted EBITDA is a non-GAAP financial measure - see the description of Adjusted EBITDA and tabular Reconciliation of Net Income (Loss) to Adjusted EBITDA in the supplemental table included at the end of this release).Brian F. Coleman, President and Chief Executive Officer of Hudson Technologies commented, “Our third quarter performance was largely consistent with our expectations as we, and the rest of our industry, continued to contend with demand declines associated with the ongoing closure of many public venues across the U.S. Given the selling environment, we’re pleased to have achieved improved gross margin, increased operating income and breakeven profitability in the third quarter. Moreover, we repaid $16.5 million of debt during the third quarter of 2020, and as of September 30, 2020, we have fully paid down our revolver, while increasing our cash balance to $9.2 million. As of September 30, 2020, our overall availability, which includes our cash balance and revolver availability, was $41.7 million, which will provide financial flexibility for the fourth quarter and beyond.“As we move through the final months of 2020, we remain focused on continuing to navigate the uncertainties of this pandemic. Historically, the fourth quarter is typically our quietest quarter, one in which we plan our operational strategy to anticipate and meet the needs of our customers for the following year’s cooling season. We are optimistic that 2021 will bring more consistent re-openings for businesses and schools and we are planning accordingly so that Hudson is well positioned to help meet potential demand as more cooling systems are turned back on. We remain committed to protecting the health and safety of our employees while also maintaining our product supply for our customers across all channels.”Conference Call InformationThe Company will host a conference call and webcast to discuss the third quarter results today, November 5, 2020 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 (844) 602-0380 approximately five minutes prior to the scheduled start time. International callers please dial (862) 298-0970.A replay of the teleconference will be available until December 5, 2020 and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331. Callers should use conference ID: 38281.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 1995Statements 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 Belodeau IMS Investor Relations (203) 972-9200 jnesbett@institutionalms.com Company Contact: Brian F. Coleman, President & CEO Hudson Technologies, Inc. (845) 735-6000 bcoleman@hudsontech.com Hudson Technologies, Inc. and Subsidiaries  Consolidated Balance Sheets (Amounts in thousands, except for share and par value amounts)  September 30,  December 31,    2020  2019    (unaudited)      Assets         Current assets:         Cash and cash equivalents $9,235  $2,600  Trade accounts receivable – net  14,703   8,061  Inventories – net  40,374   59,238  Prepaid expenses and other current assets  3,540   4,525  Total current assets  67,852   74,424            Property, plant and equipment, less accumulated depreciation  21,435   23,674  Goodwill  47,803   47,803  Intangible assets, less accumulated amortization  23,865   26,012  Right of use asset  6,719   8,048  Other assets  85   192  Total Assets $167,759  $180,153            Liabilities and Stockholders’ Equity         Current liabilities:         Trade accounts payable $9,534  $10,274  Accrued expenses and other current liabilities  19,414   18,120  Accrued payroll  1,574   724  Short-term debt  —   14,000  Current maturities of long-term debt  6,903   3,008  Total current liabilities  37,425   46,126  Deferred tax liability  1,297   1,192  Long-term lease liabilities  4,335   5,742  Long-term debt, less current maturities  79,492   81,982  Total Liabilities  122,549   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 42,664,274 at September 30, 2020 and 42,628,560 at December 31, 2019  426   426  Additional paid-in capital  118,116   117,557  Accumulated deficit  (73,332)  (72,872) Total Stockholders’ Equity  45,210   45,111            Total Liabilities and Stockholders’ Equity $167,759  $180,153  3 Hudson Technologies, Inc. and Subsidiaries Consolidated Statements of Operations (unaudited)(Amounts in thousands, except for share and per share amounts)  Three months ended September 30,  Nine months ended September 30,    2020  2019  2020  2019  Revenues $41,468  $45,631  $125,495  $136,306  Cost of sales  32,512   37,849   95,511   123,905  Gross profit  8,956   7,782   29,984   12,401                    Operating expenses:                 Selling, general and administrative  6,162   8,282   20,184   21,154  Amortization  715   742   2,147   2,216  Total operating expenses  6,877   9,024   22,331   23,370                    Operating income (loss)  2,079   (1,242)  7,653   (10,969)                   Other (expense) income:                 Net interest expense  (2,966)  (4,447)  (9,412)  (12,921) Other income  1,000   8,904   1,011   9,412  Total other (expense) income  (1,966)  4,457   (8,401)  (3,509)                   Income (loss) before income taxes  113   3,215   (748)  (14,478)                   Income tax expense (benefit)  74   548   (288)  691                    Net income (loss) $39  $2,667  $(460) $(15,169)                   Net income (loss) per common share – Basic $0.00  $0.06  $(0.01) $(0.36) Net income (loss) per common share – Diluted $0.00  $0.06  $(0.01) $(0.36) Weighted average number of shares outstanding – Basic  42,656,510   42,618,391   42,637,945   42,608,396  Weighted average number of shares outstanding – Diluted  43,680,265   42,618,391   42,637,945   42,608,396  Hudson Technologies, Inc. and Subsidiaries Supplemental Table to Reconcile Net Income (Loss) to Adjusted EBITDA (unaudited) (Amounts in thousands)              LTM  Adjusted EBITDA Three months ended September 30,  Nine months ended September 30,  Twelve months ended September 30    2020  2019  2020  2019  2020  2019                      Net income (loss)  39   2,667   (460)  (15,169)  (11,231)  (23,276) Income tax expense (benefit)  74   548   (288)  691   (323)  762  Interest expense  2,966   4,447   9,412   12,921   15,402   17,060  Depreciation expense  1,079   1,081   3,235   3,235   4,185   4,270  Amortization expense  715   742   2,147   2,216   2,862   2,964  EBITDA  4,873   9,485   14,046   3,894   10,895   1,780  Other Income  (1,000)  (8,904)  (1,011)  (9,412)  (1,011)  (9,412) Stock compensation expense  226   272   559   900   1,487   1,668  Lower of cost or net realizable value adjustment  -   -   -   9,202   -   9,202  Nonrecurring expenses  520   3,059   2,093   5,270   3,559   5,270  Adjusted EBITDA  4,619   3,912   15,687   9,854   14,930   8,508  Non-GAAP Financial MeasuresIn addition to its reported results, the Company has included in this earnings release Adjusted EBITDA, which the Securities and Exchange Commission (SEC) defines as a "non-GAAP financial measure." Management believes that such non-GAAP financial measure, when read in conjunction with the Company's reported results, can provide useful supplemental information for investors analyzing period to period comparisons of the Company's operating results. We define Adjusted EBITDA as follows:Adjusted EBITDA is a non-GAAP financial measure that represents Net income (loss) attributable to the Company’s common shareholders plus or minus income tax expense (benefit), plus interest expense, depreciation and amortization, other income, stock compensation, lower of cost or net realizable value adjustment, and non-recurring expenses (which primarily includes professional fees not incurred in the ordinary course of business).

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  • Hudson Technologies to Host Conference Call to Discuss Third Quarter 2020 Results

    PEARL RIVER, N.Y., Oct. 22, 2020 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) will host a conference call and webcast on Thursday, November 5, 2020 at 5:00 p.m. Eastern Time to discuss the Company’s third quarter results. 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 (844) 602-0380 approximately five minutes prior to the scheduled start time. International callers please dial (862) 298-0970.A replay of the teleconference will be available until December 5, 2020 and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331. Callers should use conference ID: 38281.  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 1995Statements 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 Belodeau IMS Investor Relations (203) 972-9200 jnesbett@institutionalms.com Company Contact: Brian F. Coleman, President & CEO Hudson Technologies, Inc. (845) 735-6000 bcoleman@hudsontech.com

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  • Hudson Technologies and Bluesource Partner to Reduce Greenhouse Gas Emissions Associated With HFC Refrigerants

    PEARL RIVER, N.Y., Oct. 06, 2020 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN), the nation’s largest refrigerant services provider and largest reclaimer of refrigerant, and Bluesource, the nation’s leading carbon offset developer and retailer, today announced they are teaming up to scale Greenhouse Gas (“GHG”) emission reductions associated with HFC refrigerants.   HFC refrigerants are found in many cooling applications throughout the country, including residential HVAC systems, automobiles, supermarkets, and large commercial buildings.  Due to the availability of inexpensive virgin HFCs from overseas, and absent any other formal incentives, HFC refrigerants have historically had a low level of reclamation when compared to other refrigerant types. Hudson and Bluesource firmly believe there is an opportunity to quickly and cost-effectively reclaim HFC refrigerants far beyond current reclaim levels. Through this partnership, Hudson and Bluesource will work together initiating carbon projects to develop and market high quality, voluntary carbon offsets resulting from the reclamation of HFC refrigerants across the country using the American Carbon Registry’s Certified Reclaimed HFC Refrigerants protocol. Executed in advance of any regulatory requirements, these projects encourage the acceleration of GHG emission reductions from the refrigerant industry, which Project Drawdown (a leading Climate Change Solutions Non-profit) identified as one of the top solutions to address global climate change.Brian F. Coleman, President and Chief Executive Officer of Hudson Technologies commented, “Hudson was founded on a commitment to sustainability, and we are excited to team with Bluesource to lead the way in driving growth in the HFC refrigerants reclamation market and advance our contributions to the circular economy.”Jonathan Stack, Hudson’s Director of Sustainability added, “For every pound of HFC that is reclaimed, an equal quantity of newly manufactured refrigerant no longer needs to be produced. By displacing the production of new HFCs, these projects are designed to reduce GHG emissions throughout the life of the HFCs, by reusing what is already in existence in the marketplace including in the manufacturing, transport, and service industries.”“Bluesource is very excited to partner with Hudson Technologies to bring these impactful projects and credits to our clients. Many companies rely on HFC gasses to cool their offices and vehicles or to transport their products, meaning that these carbon projects create reductions directly tied to company operations,” said Benjamin Massie, Vice President of Environmental Markets for Bluesource.  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. About Bluesource: Bluesource is a climate action partner for private and public companies, nonprofits and government, having pioneered creative solutions to the climate crisis since 2001. With deep expertise across environmental technologies and markets and more than 200 projects in the United States and Canada, Bluesource is a leader in voluntary, compliance and pre-compliance carbon, renewable energy attribute, renewable natural gas, and energy efficiency markets. Bluesource empowers organizations to take their next step toward environmental action.Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995Statements 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 Belodeau IMS Investor Relations (203) 972-9200 jnesbett@institutionalms.com Company Contact: Brian F. Coleman, President & CEO Hudson Technologies, Inc. (845) 735-6000 bcoleman@hudsontech.com

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  • Hudson Technologies Announces Appointment of Kathleen L. Houghton as an Executive Officer

    PEARL RIVER, N.Y., Sept. 16, 2020 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) (the “Company”) today announced the appointment of Kathleen L. Houghton, as an executive officer of the Company.  Ms. Houghton has served as Hudson’s Vice President – Sales and Marketing since May 2019.  She joined the Company in November of 2014 as Director of Marketing.    Ms. Houghton has more than 25 years of marketing experience within industrial manufacturing companies. Her previous roles include 16 years with Kidde-Fenwal/United Technologies, including Director of Marketing Global Suppression. Other prior positions include Vice President, Marketing at C&M Corporation and Vice President, Sales & Marketing at Safety Hi-Tech USA. Ms. Houghton holds an MBA from Boston University as well as a Bachelor of Mechanical Engineering (Hons) and a Bachelor of Commerce (Marketing) from Monash University in Australia.Brian F. Coleman, President and Chief Executive Officer of Hudson Technologies, commented, “During her time with Hudson, Kate has played an integral role in the development and implementation of the Company’s sales and marketing strategies and initiatives.  We believe she brings valuable experience and perspective to her expanded role as a member of the executive management team, and we look forward to her continued contributions to the growth and success of our organization.”About Hudson TechnologiesHudson 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 1995Statements 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 Belodeau IMS Investor Relations (203) 972-9200 jnesbett@institutionalms.com Company Contact: Brian F. Coleman, President & CEO Hudson Technologies, Inc. (845) 735-6000 bcoleman@hudsontech.com

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  • Hudson Technologies Names Kenneth Gaglione Vice President - Operations

    PEARL RIVER, N.Y., Sept. 14, 2020 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) (the “Company”) today announced the appointment of Kenneth Gaglione to the Company’s newly created role of Vice President - Operations.  Mr. Gaglione most recently served as Global Marketing Director for aftermarket refrigerants at Honeywell International, Fluorine Products group. Mr. Gaglione has nearly thirty years’ experience in marketing and sales in various industries within the public and private sectors, both developing new markets and managing growth of mature businesses.  At Honeywell, his primary focus was the refrigerant sector where he was responsible for the profitable growth of the global aftermarket business including product management, demand planning, pricing strategy, process efficiency and new product commercialization. Before joining Honeywell, Mr. Gaglione attained extensive experience marketing and developing advanced electronic packaging materials with the Rohm and Haas Electronic Materials division and as part of Ciba-Geigy’s Photopolymers division. Mr. Gaglione received a B.S. in Chemistry from the State University of New York and an MBA in Marketing from the University of California, Irvine.Brian F. Coleman, President and Chief Executive Officer of Hudson Technologies, commented, “We are pleased to welcome Ken to our Company as an integral part of our management team. Ken brings over thirty years of experience in strategic planning, marketing, and product management.  He joins Hudson at an exciting time in our growth and we very much look forward to leveraging his deep experience as we continue to grow our business.”    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 1995Statements 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 Belodeau IMS Investor Relations (203) 972-9200 jnesbett@institutionalms.com Company Contact: Brian F. Coleman, President & CEO Hudson Technologies, Inc. (845) 735-6000 bcoleman@hudsontech.com

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  • Hudson Technologies Appoints Stephen P. Mandracchia to Board of Directors

    PEARL RIVER, N.Y., Sept. 01, 2020 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) (the “Company”) today announced the appointment of Stephen P. Mandracchia to its Board of Directors. Mr. Mandracchia fills the Board vacancy resulting from the passing of Kevin J. Zugibe in June 2020. Mr. Mandracchia, who beneficially owns approximately 3.5% of the Company, is a founder of Hudson Technologies and previously served the Company as Vice President Legal and Regulatory from August 2003 until May 2019 and as Secretary from 1995 until May 2019. Mr. Mandracchia has worked in a variety of capacities with the Company since 1993 and from May 2019 through August 2020, was a consultant to Hudson. He was a member of the law firm of Martin, Vandewalle, Donohue, Mandracchia & McGahan until 1995, having been associated with the firm since 1983. Mr. Mandracchia graduated Magna Cum Laude from Manhattan College, where he earned a BS degree in Biology, and received his JD from St. John’s School of Law. He is a member of the New York State Bar, and is admitted to practice in the U.S. District Court for the Southern and Eastern Districts of New York and in the 2nd Circuit U.S. Court of Appeals. Mr. Mandracchia is the brother-in-law of Kevin Zugibe, former Chariman & Chief Executive Officer of Hudson Technologies.Brian F. Coleman, Chairman of the Board, President and Chief Executive Officer of Hudson Technologies commented, “We are pleased to announce Steve’s addition to the Board. As a Company founder, whose distinguished career includes 25 years in senior management at Hudson, Steve is uniquely suited to provide valuable counsel and expertise as we work to drive continued growth. We are confident that his knowledge, perspective and experience relative to our industry and our Company, will result in significant contributions to the Board and to the continued evolution of Hudson’s business.”About Hudson TechnologiesHudson 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 1995Statements 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 Belodeau IMS Investor Relations (203) 972-9200 jnesbett@institutionalms.com Company Contact: Brian F. Coleman, President & CEO Hudson Technologies, Inc. (845) 735-6000 bcoleman@hudsontech.com

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  • Imagine Holding Hudson Technologies (NASDAQ:HDSN) Shares While The Price Zoomed 335% Higher

    Active investing isn't easy, but for those that do it, the aim is to find the best companies to buy, and to profit...

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  • Hudson Technologies Regains Compliance With Nasdaq Minimum Closing Bid Price Rule

    PEARL RIVER, N.Y., Aug. 11, 2020 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) today announced that it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the closing bid price of the Company’s common stock has been at $1.00 per share or greater for ten consecutive business days (the “Compliance Letter”).  Accordingly, Hudson has regained compliance with Nasdaq Listing Rule 5550(a)(2) and Nasdaq considers the prior bid price deficiency matter now closed. Additional details regarding the Compliance Letter can be found in the Form 8-K to be filed with the Securities and Exchange Commission.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 1995Statements 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 Belodeau IMS Investor Relations (203) 972-9200 jnesbett@institutionalms.com Company Contact: Brian F. Coleman, President & CEO Hudson Technologies, Inc. (845) 735-6000 bcoleman@hudsontech.com

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  • Hudson Technologies Reports Second Quarter 2020 Net Income of $2.4 Million or $0.06 Per Share

    PEARL RIVER, N.Y., Aug. 05, 2020 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) announced results for the second quarter and six months ended June 30, 2020.  For the quarter ended June 30, 2020, Hudson reported revenues of $47.7 million, a decrease of 14.8% compared to revenues of $56.0 million in the comparable 2019 period.  The decrease is primarily due to a decline in volume, partially offset by an increase in selling price, of certain refrigerants sold during the second quarter of 2020, compared to the second quarter of 2019.  Gross margin in the second quarter of 2020 was 26.6%, compared to negative gross margin in the second quarter of 2019. The Company reported operating income of $5.2 million for the second quarter of 2020 compared to an operating loss of $10.0 million in the second quarter of 2019.  During the second quarter of 2019 the Company recorded a lower of cost or net realizable value adjustment to its inventory of $9.2 million, mainly due to declines in selling prices of certain refrigerants at that time.  The Company recorded net income of $2.4 million or $0.06 per basic and diluted share in the second quarter of 2020, compared to a net loss of $13.8 million or ($0.32) per basic and diluted share in the same period of 2019. For the six months ended June 30, 2020, Hudson reported revenues of $84.0 million, a decrease of 7.4% compared to $90.7 million in the first six months of 2019.  The decrease in revenue was primarily due to decreased volume, partially offset by increased pricing of certain refrigerants.  Gross margin for the first six months of 2020 improved to 25.0% compared to gross margin of 5.1% in the first half of 2019.  The Company reported operating income of $5.6 million for the first six months of 2020 compared to an operating loss of $9.7 million in the same period of 2019.  The Company’s net loss for the first six months of 2020 was $0.5 million, or ($0.01) per basic and diluted share, compared to a net loss of $17.8 million, or ($0.42) per basic and diluted share, in the first half of 2019, which included the above mentioned $9.2 million non-cash inventory adjustment.Brian F. Coleman, President and Chief Executive Officer of Hudson Technologies commented, “We were pleased to deliver solid second quarter results, particularly as we continue to navigate the challenging landscape associated with the COVID-19 virus and the associated impact to our economy.  During the quarter, the closures to public venues, such as office buildings, recreation centers, schools and universities across the U.S. impacted end markets and demand for refrigerants. While pricing remained consistent in the quarter, volume declines adversely impacted our overall revenues.  Nonetheless, we delivered improved gross margin for the quarter, achieved solid operating income and returned to profitability. “There are still many uncertainties associated with this pandemic and we remain focused on the elements of our business that we can control: protecting the health and safety of our employees and keeping our products in supply to best serve our customers across all channels.  We’ve been in this business for more than thirty years, and our ability to adapt to changing economic and industry landscapes while executing our operational strategy is a strength we continue to rely upon.  Despite the challenging market environment, Hudson generated over $6 million of operating cash flow during the second quarter of 2020.  The Company’s financial position and liquidity remain strong, with total liquidity at June 30, 2020 of approximately $39 million, which includes cash and revolver availability.  Finally, as announced in an 8-K this past Monday, we’ve met certain performance targets set forth in our Credit Agreement, and as a result of this achievement, we have terminated the services of our Chief Restructuring Officer.“As you know, in late June, our Company suffered the unexpected loss of our founder Kevin J. Zugibe, P.E.  He was an industry pioneer who brought remarkable passion, expertise and energy to Hudson, and he is greatly missed.  In his years building the Company, Kevin recognized the importance of establishing a strong management team to drive and support Hudson’s growth.  All of our employees are committed to continuing to grow and execute on Kevin’s legacy, and as one of Kevin’s longstanding partners for over 20 years, I can assure you that we are focused on our Company’s success as we move through the coming months and years,” Mr. Coleman concluded.Conference Call InformationThe Company will host a conference call and webcast to discuss the second quarter results today, August 5, 2020 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 (844) 407-9500 approximately five minutes prior to the scheduled start time. International callers please dial (862) 298-0850.A replay of the teleconference will be available until September 4, 2020 and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331.  Callers should use conference ID: 35826. About Hudson TechnologiesHudson 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 1995Statements 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:Company Contact: John Nesbett/Jennifer BelodeauBrian F. Coleman, President & CEO IMS Investor Relations Hudson Technologies, Inc. (203) 972-9200(845) 735-6000 jnesbett@institutionalms.com bcoleman@hudsontech.com  Hudson Technologies, Inc. and Subsidiaries Consolidated Balance Sheets(Amounts in thousands, except for share and par value amounts)  June 30,  December 31,    2020  2019    (unaudited)      Assets         Current assets:         Cash and cash equivalents $7,850  $2,600  Trade accounts receivable – net  25,317   8,061  Inventories – net  48,570   59,238  Prepaid expenses and other current assets  3,622   4,525  Total current assets  85,359   74,424            Property, plant and equipment, less accumulated depreciation  22,108   23,674  Goodwill  47,803   47,803  Intangible assets, less accumulated amortization  24,580   26,012  Right of use asset  7,205   8,048  Other assets  180   192  Total Assets $187,235  $180,153            Liabilities and Stockholders’ Equity         Current liabilities:         Trade accounts payable $12,140  $10,274  Accrued expenses and other current liabilities  19,985   18,120  Accrued payroll  1,537   724  Short-term debt  15,931   14,000  Current maturities of long-term debt  5,743   3,008  Total current liabilities  55,336   46,126  Deferred tax liability  1,238   1,192  Long-term lease liabilities  4,710   5,742  Long-term debt, less current maturities  81,006   81,982  Total Liabilities  142,290   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 42,628,560 at June 30, 2020 and December 31, 2019  426   426  Additional paid-in capital  117,890   117,557  Accumulated deficit  (73,371)  (72,872) Total Stockholders’ Equity  44,945   45,111            Total Liabilities and Stockholders’ Equity $187,235  $180,153            Hudson Technologies, Inc. and Subsidiaries Consolidated Statements of Operations (unaudited) (Amounts in thousands, except for share and per share amounts)  Three months ended June 30,  Six months ended June 30,    2020  2019  2020  2019  Revenues $47,677  $56,011  $84,027  $90,675  Cost of sales  34,996   58,377   62,999   86,056  Gross profit (loss)  12,681   (2,366)  21,028   4,619                    Operating expenses:                 Selling, general and administrative  6,757   6,848   14,022   12,872  Amortization  716   753   1,432   1,474  Total operating expenses  7,473   7,601   15,454   14,346                    Operating income (loss)  5,208   (9,967)  5,574   (9,727)                   Other expense:                 Net interest expense  (3,132)  (4,267)  (6,446)  (8,474) Other income  8   508   11   508  Total other expense  (3,124)  (3,759)  (6,435)  (7,966)                   Income (loss) before income taxes  2,084   (13,726)  (861)  (17,693)                   Income tax (benefit) expense  (302)  71   (362)  143                    Net income (loss) $2,386  $(13,797) $(499) $(17,836)                   Net income(loss) per common share – Basic $0.06  $(0.32) $(0.01) $(0.42) Net income(loss) per common share – Diluted $0.06  $(0.32) $(0.01) $(0.42) Weighted average number of shares outstanding – Basic  42,628,560   42,604,189   42,628,560   42,603,315  Weighted average number of shares outstanding – Diluted  42,917,562   42,604,189   42,628,560   42,603,315

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  • Hudson Technologies (HDSN) Reports Next Week: Wall Street Expects Earnings Growth

    Hudson Tech (HDSN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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  • Hudson Technologies to Host Conference Call to Discuss Second Quarter 2020 Results

    PEARL RIVER, N.Y., July 22, 2020 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) will host a conference call and webcast on Wednesday, August 5, 2020 at 5:00 p.m. Eastern Time to discuss the Company’s second quarter results. 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 (844) 407-9500 approximately five minutes prior to the scheduled start time. International callers please dial (862) 298-0850.A replay of the teleconference will be available until September 4, 2020 and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331.  Callers should use conference ID: 35826.  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 1995Statements 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, 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 Belodeau IMS Investor Relations (203) 972-9200 jnesbett@institutionalms.com Company Contact: Brian F. Coleman, President & CEO Hudson Technologies, Inc. (845) 735-6000 bcoleman@hudsontech.com

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  • Hudson Technologies Names Brian F. Coleman Chairman of the Board, President & Chief Executive Officer

    PEARL RIVER, N.Y., July 20, 2020 -- Hudson Technologies, Inc. (NASDAQ: HDSN) (the “Company”) today announced that its Board of Directors has appointed Brian F. Coleman Chairman.

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  • Hudson Technologies Announces Tributes To Honor The Passing Of CEO Kevin J. Zugibe

    Hudson Technologies, Inc. (HDSN) today issued the following statement in connection with the passing earlier this week of Kevin J. Zugibe, Chairman of the Board and Chief Executive Officer: As a small gesture in Kevin’s memory, and a mark of our respect, we will close our Company’s facilities this Monday, June 29, 2020, as Kevin is laid to rest.

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