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Stock impact report

Hudson Technologies Reports Fourth Quarter and Year End 2023 Results

Hudson Technologies, Inc. (HDSN) 
Last hudson technologies, inc. earnings: 3/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: hudsontech.com/investor-relations
Company Research Source: GlobeNewswire
WOODCLIFF LAKE, N.J., March 06, 2024 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) announced results for the fourth quarter and year ended December 31, 2023. For the quarter ended December 31, 2023, Hudson reported revenues of $44.9 million, a decrease of 5% compared to revenues of $47.4 million in the comparable 2022 period. The decrease is primarily related to decreased selling prices for certain refrigerants, offset by slightly higher volume. Gross margin in the fourth quarter of 2023 was 31%, compared to 32% in the fourth quarter of 2022. Hudson reported operating income of $4.7 million in the fourth quarter of 2023, compared to operating income of $7.1 million in the prior year period. The Company recorded net income of $3.9 million or $0.09 per basic and $0.08 per diluted share in the fourth quarter of 2023, compared to net income of $5.1 million or $0.11 per basic and diluted share in the same period of 2022. For the year ended December 31, 2023, Hudson repor Show less Read more
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