Hudson Technologies Comments on U.S. International Trade Commission Vote on Antidumping Petition Related to R-134a from China

PEARL RIVER, NY – March 23, 2017 – Hudson Technologies, Inc. (NASDAQ: HDSN)announced its support of today’s U.S. International Trade Commission (“ITC”) final vote on the antidumping petition related to R-134a (HFC-134a) from China. By this vote, the ITC found that the U.S. industry producing R134a is materially injured by reason of imports of R-134a from China that are sold in the U.S. at less than fair value. As a result of this vote, the U.S. Department of Commerce (“Commerce”) will issue an antidumping duty order on imports of R-134a from China which will impose antidumping duties ranging from 148.79 percent to 167.02 percent.

Kevin Zugibe, Chairman and CEO of Hudson Technologies, commented, “We fully support the ITC’s decision to enforce antidumping duties, which we believe will restore balance in the market and address the low price levels the U.S. industry has experienced over the last several years. As a next generation refrigerant already targeted for phase out, HFCs represent a tremendous opportunity for our Company for both distribution and reclamation. We applaud the ITC’s conclusion and look forward to the anticipated positive near-term impact of this decision on our industry related to increased HFC pricing and in turn, improved operating results.”

The American HFC Coalition filed the antidumping petition in March 2016, charging that imports of R-134a from China are being sold at less than fair value and have caused material injury to the U.S. domestic industry producing R-134a.

More details can be found on the ITC website:

https://www.usitc.gov/press_room/news_release/2017/er0323ll743.htm.

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Hudson Technologies Reports Record Revenues of $105.5 Million for Full Year 2016; Diluted EPS of $0.30

PEARL RIVER, NY – November 2, 2016 – Hudson Technologies, Inc. (NASDAQ: HDSN) announced results for the fourth quarter ended December 31, 2016.

The Company reported revenues of $7.8 million, for the fourth quarter ended December 31, 2016, an increase of 7% compared to $7.3 million in the comparable 2015 period. The revenue increase in the quarter is primarily related to an increase in the volume of certain refrigerants, offset by a reduction in service sales. Gross margin in the fourth quarter of 2016 was 13% compared to 19% in the prior year period primarily due to a change in sales mix in 2016 when compared to 2015. Net loss for the quarter was $1.9 million, or ($0.05) per basic and diluted share, compared to a net loss of $1.0 million, or ($0.03) per basic and diluted share, in the fourth quarter of 2015.

In December 2016, the Company raised $48 million of net proceeds through an underwritten public offering, which was partially utilized to pay down all of its existing revolving credit facility, resulting in a cash balance of $34 million as of December 31, 2016.

For the year ended December 31, 2016 Hudson achieved record revenues of $105.5 million, a 32% increase compared to $79.7 million in the comparable 2015 period. The increase is primarily related to a higher selling price of certain refrigerants and higher volumes of certain refrigerants sold. Gross margin increased to 29% for full year 2016 compared to 23% for 2015. Net income for 2016 was $10.6 million, or $0.31 per basic and $0.30 per diluted share, compared to $4.8 million or $0.15 per basic and $0.14 per diluted share in 2015.

Kevin J. Zugibe, Chairman and Chief Executive Officer of Hudson Technologies commented, “2016 was another strong year for our Company as demonstrated by record revenues, increased gross margins and significantly improved profitability. Our full-year results are reflective of our strong nine-month refrigerant season, during which we continued to benefit from increases in the average selling price of R-22 refrigerant. The fourth quarter is historically our slowest portion of the year, as volume demand for refrigerants falls off.”

Mr. Zugibe continued, “As a leading provider and reclaimer of refrigerants, we believe we are well positioned to continue to capitalize on the opportunities we’re seeing with the phase out of R-22 and to take advantage of the industry dynamics that will develop with the anticipated phase down of next generation HFC compounds expected to begin in 2019. We, along with others in our industry, believe a strong refrigerant reclamation program is essential to fulfilling demand as production of legacy refrigerants is phased out, but the equipment that requires these gases remains in operation. With our long term experience in the industry, proprietary technology and industry relationships, we are uniquely positioned to assist customers as they adapt to the evolving refrigerant marketplace.”

CONFERENCE CALL INFORMATION

The Company will host a conference call to discuss the fourth quarter results today, March 1, 2017 at 5:00 P.M. Eastern Time.

To access the live webcast, log onto the Hudson Technologies website at www.hudsontech.com, and click on “Investor Relations”. 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 teleconference will be available until April 1, 2017 and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331. Callers should use conference ID: 10262.

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Hudson Technologies to Host Conference Call to Discuss Fourth Quarter 2016 Results

PEARL RIVER, NY – February 22, 2017 – Hudson Technologies, Inc. (NASDAQ: HDSN) will host a conference call and webcast on Wednesday, March 1, 2017 at 5:00 p.m. Eastern Time to discuss the Company’s fourth quarter results.

To access the live webcast, log onto the Hudson Technologies website at www.hudsontech.com, and click on “Investor Relations”.

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 teleconference will be available until April 1, 2017 and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331. Callers should use conference ID: 10262.

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Hudson Technologies, Inc. Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares

PEARL RIVER, NY – December 14, 2016 – Hudson Technologies, Inc. (NASDAQ: HDSN), announced today the closing of its previously announced underwritten public offering of 7,392,856 shares of its common stock, which includes the full exercise by the underwriters of their option to purchase 965,285 shares of common stock to cover over-allotments. Net proceeds from the sale of common stock, including as a result of the option exercise, after deducting underwriting discounts and estimated offering expenses were approximately $48.4 million.

Hudson Technologies intends to use the net proceeds from this offering for working capital and general corporate purposes which may include, among other things, funding acquisitions, although the Company has no present commitments or agreements with respect to any such transactions. Hudson Technologies may also use a portion of the proceeds to reduce or repay indebtedness under its loan agreement with its existing commercial lender.

William Blair & Company, L.L.C. and Craig-Hallum Capital Group LLC acted as joint book-running managers. Roth Capital Partners and B. Riley & Co., LLC acted as co-managers for the offering.

The offering was made by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained by contacting William Blair & Company, L.L.C. at 222 West Adams Street, Chicago, IL 60606, Attention: Prospectus Department, by telephone at (800) 621-0687, or by email at prospectus@williamblair.com; or by contacting Craig-Hallum Capital Group LLC at 222 South Ninth Street, Suite 350, Minneapolis, MN 55402, by telephone at (612) 334-6300, or by email at prospectus@craig-hallum.com. Electronic copies of the final prospectus supplement and accompanying prospectus will also be available on the SEC website at http://www.sec.gov.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.

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