Quarterly ResultMay 6, 2026, 04:07 PM
Hudson Technologies Q1 Revenue +9% to $60.2M; Net Income $0.3M
AI Summary
Hudson Technologies reported Q1 2026 results with revenue increasing 9% to $60.2 million, driven by sales volume and slightly higher HFC pricing. However, net income significantly decreased to $0.3 million from $2.8 million in the prior year, primarily due to a lower gross margin (20% vs. 22%), increased SG&A expenses related to ERP optimization, and non-recurring tax items. The company also announced strategic progress including management team enhancements, the successful launch of a new ERP system, and a licensing agreement with Solstice Advanced Materials for HFO refrigerant reclamation. Hudson provided a Q2 2026 revenue outlook of $73-$76 million.
Key Highlights
- Revenue increased 9% to $60.2 million in Q1 2026.
- Net income decreased to $0.3 million ($0.01 per share) from $2.8 million ($0.06 per share) in Q1 2025.
- Gross margin was 20%, down from 22% in Q1 2025.
- Repurchased $2.5 million of common stock during the quarter.
- Operating income was $1.5 million, down from $3.1 million in Q1 2025.
- Signed a licensing agreement with Solstice Advanced Materials for HFO refrigerant reclamation.
- Q2 2026 revenue outlook is $73-$76 million.