Hudson Technologies REPORTS $0.10 Earnings per diluted share for first quarter 2012; gross Margin increases to 40%

Pearl River, NY – May 2, 2012 – Hudson Technologies, Inc. (NASDAQ: HDSN), announced results for the first quarter ended March 31, 2012.

Revenues for the three months ended March 31, 2012 increased more than 7% to $14,854,000 from $13,818,000 in the comparable 2011 period. Hudson reported a gross profit margin of 40% for the first quarter of 2012 compared to 27% in the first quarter last year. The Company also reported net income of $2,509,000, or $0.11 per basic share and $0.10 per diluted share for the first quarter of 2012, compared to net income of $1,088,000, or $0.05 per basic share and $0.04 per diluted share for the first quarter of 2011. Income tax expense of $1,538,000 and $667,000 for the first quarter of 2012 and for the first quarter of 2011, respectively, is largely a non-cash item as a result of the Company’s deferred tax asset. read more »

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Hudson Technologies to host conference call to discuss first quarter results

PEARL RIVER, NY – April 25, 2012 – Hudson Technologies, Inc. (NASDAQ: HDSN) will host a conference call and webcast on Wednesday, May 2, 2012 at 10:00 a.m. Eastern Time to discuss the Company’s first quarter results.

To access the live webcast, visit http://www.hudsontech.com/investor-relations/web-conference

To participate in the call by phone, dial (877) 407-9205 approximately five minutes prior to the scheduled start time. International callers please dial (201) 689-8054.

A replay of the webcast will be available until June 2, 2012 and may be accessed by dialing (877) 660-6853 and international callers may dial (201) 612-7415. Callers should use account number 286 and pass code 393324.

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Hudson Technologies Guarantees Access to R-22 through its “Platinum Promise” Reclaim Program

There’s another great reason to join the Platinum Reclaim Program from Hudson Technologies, if you’re not already a member. As EPA restrictions continue to phase out R-22, Hudson is introducing a one-of-a-kind solution that makes it available for our customers. When you send in R-22 through our Platinum Reclaim Program, we guarantee access to the same amount during the next calendar year. This no-hassle program makes collecting recovered refrigerant effortless while expanding your R-22 supply. For more details, visit the Platinum Reclaim Program page of our website.

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R‐22 Phase Out And Significant EPA Developments

The U.S. EPA is proposing to significantly reduce allowances to produce and/or import virgin R-22 ranging from 11-47% per year over the 2012-2014 period, for servicing existing R-22 equipment. Under this proposal, 2012 allowances would be reduced between 55 to 80 million pounds, 2013 allowances would be reduced to between 46 to 69 million pounds and 2014 allowances would be reduced between 36 to 58 million pounds. read more »

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