Hudson Technologies Q3 revenue and EPS miss estimates on weak pricing, low demand
HDSN•Hudson Technologies reported Q3 revenue of $59.42 million and EPS of $0.05, below estimates of $77.96 million and $0.12. Revenue fell on lower sales volume and a 17% drop in pricing; the company ended the quarter debt-free with $35.3 million in cash.
1. Quarterly results
Hudson Technologies’ Q3 revenue was $59.42 million and EPS was $0.05, missing analyst estimates of $77.96 million and $0.12. Net income was $2.04 million, gross margin was 25% and operating income was $3.25 million.
2. Pricing and demand
The company attributed lower revenue to continued softness in HFC market pricing, including a 17% price drop, and reduced sales volume amid muted customer demand and adequate refrigerant inventories. Higher operating costs, primarily fuel costs, contributed to lower gross margin.
3. Outlook and cash
Hudson maintained its full-year 2026 gross margin target in the low-to-mid-twenty percent range. It said it remains focused on refrigerant sales, recovery and reclamation, plans to expand service offerings and reduce exposure to refrigerant pricing fluctuations, and ended Q3 debt-free with $35.3 million in cash.
