| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 78.35 | 30.3% | 7.5% |
| Total Income | 78.35 | 30.3% | 7.5% |
| Expenditure | 70.95 | 20.9% | 18.0% |
| PBT | 7.45 | 365.6% | 44.3% |
| Net Profit | 4.95 | 1400.0% | 51.3% |
| OPM | 9.44% | 7.01pp | 8.02pp |
| NPM | 6.31% | 5.77pp | 7.64pp |
| EPS | 0.12 | 1100.0% | 47.8% |
Hudson Technologies Reports Q2 2026 Results with 8% Revenue Growth
06 Aug 2026 · 6 Aug, 1:50 am
Summary
Hudson Technologies announced its second quarter 2026 results, reporting an 8% increase in revenue to $78.3 million, driven by a 12% rise in sales volume. Despite a 6% decrease in selling prices and increased operating costs, the company posted a net income of $4.9 million. For the first six months of the year, revenue also grew 8% to $138.5 million. Management highlighted strong volume growth and strategic initiatives, including a partnership with Icorium, as key drivers, while also noting the full restoration of operations at a tornado-impacted facility.
Key Highlights
- 1
Hudson Technologies reported second quarter revenue of $78.3 million, an increase of 8% compared to the prior-year period.
- 2
Sales volume increased by 12% in the second quarter, driving revenue growth despite a 6% decrease in selling prices.
- 3
The company achieved a gross margin of 26% for the second quarter of 2026.
- 4
Net income for the second quarter was $4.9 million, resulting in diluted EPS of $0.12.
- 5
For the first six months of 2026, revenue was $138.5 million, up 8% year-over-year, with sales volume up 17%.
- 6
The company maintains an unlevered balance sheet with a cash position of $25.6 million as of June 30, 2026.
- 7
Operations have been fully restored at the tornado-impacted facility with minimal customer interruption.
Management Comments
Ken Gaglione
Our selling season is underway and second quarter sales revenue and volume growth exceeded expectations despite significant headwinds in the quarter, including a continued trough in HFC market prices and inflationary pressures. We continued to deliver for our customers driving our second 2026 sequential quarter of double-digit volume growth. In fact, our trailing twelve months volume is up double-digits. We also continued our efforts towards reinvigoraging our focus on long-term shareholder value creation, announcing a preliminary agreement for a major partnership for advanced separation technology and making investments in our plants that will expand capacity and capability. As disclosed previously, one of our Illinois facilities experienced an operational disruption in mid-June due to tornado damage. We are happy to report there were no injuries to our people, and the facility was quickly restored to pre-storm output with only minimal interruption to our customers. We are very grateful to our team for restoring operations and their determination to service our customers despite production disruptions. All costs to restore the facility and related business interruption are expected to be covered through insurance. Following the close of the quarter, we announced our intention to partner with Icorium, an advanced separation technology company based in Kansas, to commercialize and scale their patented extractive distillation technology as an important component of Hudson’s operational excellence strategy. This exciting technology complements and advances conventional fractional distillation by increasing the ability to purify more complicated refrigerant mixtures with greater productivity and efficiency. Converting more recovered refrigerant into saleable product unlocks working capital and creates a new competitive edge as the industry phases out conventional refrigerants. We are encouraged by our progress in the areas we can control, including driving trailing-twelve-month double digit sales volume growth, generating cash, and executing our long-term growth and diversification strategy. As we move through the second half of the year, we continue to focus on revenue growth and improving quarterly operating margins. At the same time, we remain committed to making strategic investments to further our reinvigorated focus on longer-term initiatives to increase shareholder value through operational excellence, ensuring we have the right team in place, and evaluating and acting on strategic diversification opportunities that strengthen our competitive advantage today and reduce our exposure to seasonality in the future.
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