Hudson Technologies (HDSN) Tops Q2 EPS by 4c

Hudson Technologies (NASDAQ: HDSN) reported Q2 EPS of $0.20, $0.04 better than the analyst estimate of $0.16. Revenue for the quarter came in at $52.2 million versus the consensus estimate of $46.34 million.

Kevin J. Zugibe, Chairman and Chief Executive Officer of Hudson Technologies commented, “We’re very pleased to have built upon our strong first quarter performance to deliver record revenues, enhanced margins and significantly improved profitability in the second quarter of 2017. During the second quarter, which is the midpoint of our nine-month refrigerant sales season, our results were particularly strong as we saw increased sales volume for refrigerants and benefitted from incremental increases in the average selling price for R-22 refrigerant as well as a temporary increase in pricing for HFC refrigerants.”

Mr. Zugibe continued, “In addition to the evident gains we are realizing through our sales of virgin refrigerants, we also see a tremendous opportunity associated with our ability to reclaim refrigerants as we enter the final years of the R-22 production phase out, which will be completed by the end of 2019, and look toward the anticipated phase-down of HFC refrigerants. As the industry transitions to new technology and next generation refrigerants, Hudson, as a leading reclaimer, is well positioned to apply our reclamation capabilities to help fill demand for refrigerants as virgin production is phased down and eliminated. We remain focused on leveraging our expansive distribution network, decades of experience and long-standing customer relationships to capitalize on opportunities that arise from the evolving industry landscape.”

For earnings history and earnings-related data on Hudson Technologies (HDSN) click here.

You May Also Be Interested In

• Korn Ferry (KFY) Tops Q4 EPS by 2c, Beats on Revenue; Offers Q1 Guidance
• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Barclays Starts DKSH Holding AG (DKSH:SW) at Overweight