The company revised its 2026 gross margin target to a low-to-mid-twenty percent range. Hudson Technologies said it expects subdued refrigerant market pricing and inflationary pressures through year-end, and it plans to focus on revenue growth and improving operating margins in the second half.
The company also said it fully restored its tornado-impacted facility and announced an Icorium partnership.
Hudson Technologies, a U.S. refrigerant solutions provider, said second-quarter revenue rose 8% and beat analyst expectations, driven by a 12% increase in sales volume. Lower refrigerant market prices, which declined 6%, partially offset those gains, while higher operating costs, mainly fuel, contributed to lower gross margin.
Adjusted EPS for the quarter missed analyst expectations.
