Hudson Technologies Reports Third Quarter 2026 Results
Key Highlights
- ➤DLA contract re-awarded at $210 million
- ➤Third-quarter revenue $59.4 million, down from $74.0 million
- ➤Third-quarter net income $2.0 million, or diluted EPS $0.05
- ➤Full-year 2026 gross margin target maintained at low-to-mid-twenty percent range
- ➤Debt-free balance sheet held $35.3 million in cash at September 30
Expert Statements
Ken Gaglione, President and Chief Executive Officer of Hudson Technologies
“We continued to execute our priorities and advance strategic initiatives to strengthen Hudson’s competitive position and long-term growth prospects.”
Ken Gaglione, President and Chief Executive Officer of Hudson Technologies
“During the quarter, we entered into a joint development agreement with Icorium for advanced next-generation separation technology that has the potential to enable the more efficient separation of complex, mixed refrigerants, enhancing our existing distillation technology.”
Ken Gaglione, President and Chief Executive Officer of Hudson Technologies
“Additionally, we made solid progress in the quarter advancing our internal efforts to expand our operating capacity and capabilities.”
Ken Gaglione, President and Chief Executive Officer of Hudson Technologies
“Together, these actions reinforce our confidence in Hudson’s ability to build on its established market position as industry conditions evolve.”
Ken Gaglione, President and Chief Executive Officer of Hudson Technologies
“Third-quarter revenue reflected continued softness in HFC market pricing and lower sales volume.”
Ken Gaglione, President and Chief Executive Officer of Hudson Technologies
“In this market landscape, we prioritized profitable sales and cost containment, enabling us to achieve gross margin of 25%, roughly consistent with gross margin in the second quarter of 2026.”
Ken Gaglione, President and Chief Executive Officer of Hudson Technologies
“Despite the challenging pricing environment, we were pleased to achieve volume growth of 9% in the nine-month selling season, reflecting our leadership position and the strength of our customer relationships.”
Ken Gaglione, President and Chief Executive Officer of Hudson Technologies
“We further strengthened our debt-free balance sheet during the quarter, ending with $35 million in cash.”
Ken Gaglione, President and Chief Executive Officer of Hudson Technologies
“As we move through the fourth quarter and prepare for 2027, we remain focused on our core refrigerant sales, recovery and reclamation activities while strategically positioning the Company in our evolving industry.”
Ken Gaglione, President and Chief Executive Officer of Hudson Technologies
“Our longstanding relationships, technical expertise and financial flexibility provide a strong foundation to expand our service offerings, enhance our competitive positioning and reduce our exposure to fluctuations in refrigerant pricing.”
Entered into Joint Development Agreement to Advance Next-generation Separation Technology Re-awarded DLA contract valued at $210 million Debt-free with $35.3 million in cash Maintaining Full Year Gross Margin Target
THIRD-QUARTER 2026 FINANCIAL SUMMARY: * Revenue of $59.4 million * Sales Volume: (9%) * Pricing: (17%)
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