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Hudson Technologies Reports Revenues of $24.7 Million for Third Quarter 2017; Diluted EPS of $0.05
2017/11/10
Company Also Provides Unaudited Pro Forma Results Including Recent Airgas-Refrigerants, Inc. Acquisition
November 08, 2017
PEARL RIVER, N.Y.--Hudson Technologies, Inc. (NASDAQ:HDSN) announced results for the third quarter and nine months ended September 30, 2017 as well as unaudited pro forma results for the year ended December 31, 2016 and the six months ended June 30, 2017.
 
Hudson reported revenues of $24.7 million for the third quarter ended September 30, 2017, a decrease of 29% compared to $34.9 million in the comparable 2016 period. The revenue decrease in the quarter is primarily related to decreases in both price and volume of certain refrigerants sold. Gross margin in the third quarter of 2017 was 21% compared to 34% in the prior year period. Net income for the quarter was $2.1 million, or $0.05 per basic and diluted share, compared to net income of $4.8 million, or $0.14 per basic and diluted share, in the third quarter of 2016.
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