Hudson Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 02, 2023 at 04:05 pm EDT
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Hudson Technologies, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 90.47 million compared to USD 103.94 million a year ago. Net income was USD 19.19 million compared to USD 39.81 million a year ago. Basic earnings per share from continuing operations was USD 0.42 compared to USD 0.89 a year ago. Diluted earnings per share from continuing operations was USD 0.41 compared to USD 0.84 a year ago.
For the six months, sales was USD 167.67 million compared to USD 188.28 million a year ago. Net income was USD 34.72 million compared to USD 69.37 million a year ago. Basic earnings per share from continuing operations was USD 0.77 compared to USD 1.55 a year ago. Diluted earnings per share from continuing operations was USD 0.73 compared to USD 1.48 a year ago.
Hudson Technologies, Inc. is a refrigerant services company. The Company provides solutions to recurring problems within the refrigeration industry. The Company provides environmentally sustainable solutions from initial sale of refrigerant gas through recovery, reclamation and reuse, peak operating performance of equipment through air conditioning and refrigeration system repair, to final refrigerant disposal and carbon credit trading. The Companyâs products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customerâs site. RefrigerantSide Services consists of system decontamination to remove moisture, oils and other contaminants intended to restore systems to designed capacity.
HUDSON TECHNOLOGIES, INC. 
