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Hudson Technologies (HDSN) investor relations material
Hudson Technologies Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue and volume declined amid weak HFC pricing and ample channel inventory; prioritizing profitable sales and containing costs supported a 25% gross margin.
Strategic priorities included higher-value reclaimed and specialty refrigerants, separation technology, expanded operating capacity, and broader services.
Financial highlights
Q3 revenue was $59.4M, down 20% YoY from $74.0M; sales volume fell 9% and selling prices declined 17%.
Q3 net income was $2.0M, or $0.05 per diluted share, versus $12.4M, or $0.27, in Q3 2025; Q3 2025 other income included $1.6M from a potential USA Refrigerants acquisition earn-out that did not materialize.
9M revenue was $197.9M versus $202.2M, and net income was $7.3M, or $0.17 per diluted share, versus $25.3M, or $0.56.
SG&A was $10.8M in Q3 versus $8.9M and $32.8M for 9M versus $26.3M, reflecting ERP, staffing, consulting, operational and legal investments; Q3 ERP expense was 50% below Q2.
Outlook and guidance
Reaffirmed FY2026 gross margin target in the low-to-mid-20% range.
Pricing stabilized in 2026; 2027 pricing expected to be in line with 2026 levels.
Q4 and 2027 focus includes refrigerant sales, recovery and reclamation, broader services, and reducing exposure to refrigerant-price fluctuations.
- Q2 2026 revenue up 8% on strong volume, but net income and margins declined on higher costs.HDSN
Q2 2026 - Leading U.S. refrigerant recovery operator with strong growth, innovation, and sustainability focus.HDSN
Investor presentation - Revenue up 9% to $60.2M, but net income fell; Q2 outlook strong with firming HFC prices.HDSN
Q1 2026 - Director elections, executive pay, and auditor ratification headline the June 2026 meeting.HDSN
Proxy filing - Proxy covers director elections, executive pay, auditor ratification, and strong governance.HDSN
Proxy filing - Regulatory-driven demand and strategic growth position the company as a leader in sustainable refrigerant solutions.HDSN
Investor presentation - 2025 revenue rose 4% to $246.6M, with Q4 up 28% but margins declined on higher costs.HDSN
Q4 2025 - Q2 revenue and profit fell on lower prices, but acquisition and buyback support future growth.HDSN
Q2 2024 - Revenue and profit fell on HFC price declines, but reclamation volume and cash surged.HDSN
Q4 2024
Next Hudson Technologies earnings date
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