Hudson Technologies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 09, 2023 at 02:35 am IST
Share
Hudson Technologies, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 47.44 million compared to USD 37.78 million a year ago. Net income was USD 5.08 million compared to USD 6.19 million a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.11 compared to USD 0.13 a year ago.
For the full year, the company reported sales was USD 325.23 million compared to USD 192.75 million a year ago. Net income was USD 103.8 million compared to USD 32.26 million a year ago. Basic earnings per share from continuing operations was USD 2.31 compared to USD 0.74 a year ago. Diluted earnings per share from continuing operations was USD 2.2 compared to USD 0.69 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.