WOODCLIFF LAKE, NJ – JANUARY 9, 2023 – Hudson Technologies, Inc. (NASDAQ: HDSN), a leading provider of innovative and sustainable refrigerant products and services to the Heating, Ventilation, Air Conditioning, and Refrigeration industry – and one of the nation’s largest refrigerant reclaimers – today announced that it was ranked number 5 on the 2023 Forbes List of the 100 Best Small Companies in America.
Forbes used data from FactSet to compile its annual list of America’s Best Small Companies by screening more than 1,000 companies with a market value between $300 million and $2 billion to find 541 companies that also had positive sales growth over the past 12 months and a share price of at least $5. Financial institutions, REITs, utilities, royalty trusts and limited partnerships were excluded, as were companies that have been public for less than one year. The ranking is based on earnings growth, sales growth, return on equity and total stock return for the latest 12 months available and over the last five years. Forbes gave more weight to the latest year’s data in the ranking. All data is as of November 11, 2022.
Brian F. Coleman, President and Chief Executive Officer of Hudson Technologies commented, “We’re pleased to have received a top five ranking on the Forbes 100 Best Small Companies list and are grateful for this distinction and recognition. This achievement is a testament to the efforts of our employees across the Company in delivering on the unique capabilities and service that Hudson offers our customers and industry partners.”