Earnings Releases·Oct 28, 2026, 4:10 PM ET

Hudson Technologies — Third Quarter 2026 Earnings Summary

Q3 2026 revenue fell 20% to $59.4 million and net income dropped 84% to $2.0 million ($0.05/share) from prior-year levels, driven by a 9% volume decline and 17% drop in selling prices; nine-month revenue decreased 2% to $197.9 million while net income fell 71% to $7.3 million ($0.17/share).
Gross margin contracted to 25% in Q3 and 24% for the nine months (down from 32% and 29% respectively) due to lower refrigerant pricing and increased operating costs, though full-year 2026 gross margin guidance remains unchanged in the low-to-mid-twenty percent range.
The company remains debt-free with $35.3 million in cash equivalents, while SG&A expenses rose to $10.8 million for the quarter and $32.8 million for the nine months to fund ERP optimization and staffing.
Strategic initiatives include a joint development agreement with Icorium for next-generation separation technology, a re-awarded $210 million Defense Logistics Agency contract, and $2.5 million in common stock repurchases during the nine-month period.