US4441441098 - Common Stock
HUDSON TECHNOLOGIES INC
NASDAQ:HDSN (11/21/2024, 4:41:25 PM)
After market: 6.03 0 (0%)6.03
+0.12 (+2.03%)
Hudson Technologies, Inc. is a refrigerant services company, which engages in the provision of innovative solutions to recurring problems within the refrigeration industry. The company is headquartered in Woodcliff Lake, New Jersey and currently employs 237 full-time employees. The firm provides solutions to recurring problems within the refrigeration industry. The firm provides environmentally sustainable solutions from initial sale of refrigerant gas through recovery, reclamation and reuse, peak operating performance of equipment through air conditioning and refrigeration system repair, to final refrigerant disposal and carbon credit trading. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site. RefrigerantSide Services consists of system decontamination to remove moisture, oils and other contaminants intended to restore systems to designed capacity.
HUDSON TECHNOLOGIES INC
300 Tice Boulevard, Suite 290
Woodcliff Lake NEW JERSEY 10965
P: 18457356000
CEO: Brian F. Coleman
Employees: 237
Website: https://www.hudsontech.com/
Shareholders of Hudson Technologies would probably like to forget the past six months even happened. The stock dropped 38.6% and now trades at $5.89. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the specialty equipment distributors industry, including Karat Packaging (NASDAQ:KRT) and its peers.
Shares of refrigerant services company Hudson Technologies (NASDAQ:HDSN) fell 21.2% in the morning session after the company reported weak third-quarter earnings that missed analysts' sales expectations. Management attributed the softness to ongoing pricing pressure on certain refrigerants throughout the 2024 cooling season. The weakness was also partly attributed to lower revenue from certain contracts. Overall, this was a weaker quarter.
Top movers in Tuesday's pre-market session
Refrigerant services company Hudson Technologies (NASDAQ:HDSN) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 19% year on year to $61.94 million. Its GAAP profit of $0.17 per share was 7.9% above analysts’ consensus estimates.
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