HUDSON TECHNOLOGIES INC /NY

Hudson Technologies' primary refrigerant reclamation facility in Champaign, Illinois, sustained extensive roof, structural, and water damage from strong storms and tornadoes on June 11, 2026. The company has activated its emergency response, secured the site, and initiated the insurance claim process. Operations will be diverted to its Smyrna, Georgia facility and other locations while damages to infrastructure, equipment, and inventory are assessed. No injuries or loss of life were reported.

Hudson Technologies received a bridge modification from the U.S. Defense Logistics Agency (DLA), extending its existing agreement from July 29, 2026, to November 29, 2026. The modification also includes two additional three-month options, potentially extending the contract until May 29, 2027. This extension allows Hudson Technologies to continue providing services while the DLA completes a rebidding process, which was initiated after a bid protest challenged the company's successful retention of the contract in October 2025.

Hudson Technologies announced it received a bridge modification from the United States Defense Logistics Agency (DLA), extending its existing agreement from July 29, 2026, to November 29, 2026. This extension includes options for two additional three-month periods, potentially through May 29, 2027. The modification was necessary because a bid protest challenged the DLA's evaluation methodology for the 2025 DLA Contract, leading to its rescission pending a review and rebid process. Hudson Technologies will continue to provide uninterrupted service to the DLA during this period, maintaining its over 10-year relationship.

Hudson Technologies, Inc. announced that its subsidiaries, Hudson Technologies Company and Hudson Holdings, Inc., entered into a Fifth Amendment to their Amended and Restated Credit Agreement with Wells Fargo Bank. This amendment, effective May 19, 2026, increases the letter of credit sublimit under the existing credit facility from $1.5 million to $2.5 million. The remaining terms of the credit facility are unchanged.

Hudson Technologies announced that all members of its board of directors and certain senior management members have increased their positions in the company's common stock through open market purchases. CEO Ken Gaglione stated these purchases reflect confidence in the business's strength, future opportunities, and strategy to drive sustainable growth and shareholder value, particularly in capitalizing on regulatory-driven HFC scarcity. Lead Independent Director Rich Parrillo reiterated the board's commitment to aligning with shareholders and confidence in the management team's execution of the business plan.

Hudson Technologies reported a significant decrease in net income for Q1 2026, falling to $0.33 million from $2.76 million in Q1 2025, despite a revenue increase to $60.15 million. Operating income also declined substantially. The company experienced negative cash flow from operations and a significant decrease in cash and cash equivalents. Additionally, a competitor's bid protest led to the rescission of the 2025 DLA Contract award, though Hudson will continue under its existing contract through July 2026.

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.

Hudson Technologies, Inc. announced it will host a conference call and webcast to discuss its first-quarter 2026 financial results. The event is scheduled for Wednesday, May 6, 2026, at 5:00 p.m. Eastern Time. Investors can register online to receive dial-in and webcast details, with a replay of the teleconference available until June 5, 2026.

Hudson Technologies, Inc. announced the election of Alan Sheriff and Jeffrey R. Feeler to its Board of Directors, effective April 10, 2026. Mr. Sheriff will serve on the Nominating and Governance Committee, while Mr. Feeler will chair the Audit Committee. Both new directors have been determined to be independent under Nasdaq listing standards, bringing additional expertise to the board.