NASDAQ$HDSN
Hudson Technologies Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Hudson reported a decrease in revenue due to decreased selling prices, and delivered a solid fourth quarter consistent with historical performance.
Hudson Technologies reported a revenue of $44.9 million for Q4 2023, a 5% decrease compared to Q4 2022. Net income for the quarter was $3.9 million, or $0.08 per diluted share. The company's full year revenue was $289.0 million with a net income of $52.2 million.
- Q4 2023 revenues decreased by 5% compared to Q4 2022 due to decreased selling prices.
- Gross margin in Q4 2023 was 31%, compared to 32% in Q4 2022.
- Net income for Q4 2023 was $3.9 million, or $0.08 per diluted share.
- The company is optimistic about the AIM Act and its potential benefits for the business.
Headline financials
Revenue & EPS history
Hudson · Revenue · Quarterly
$44.9M
Forward guidance
Hudson anticipates the ongoing stepdown in HFC production and consumption allowances and the proposed reclamation mandates as a result of the AIM Act will benefit their business. They believe the proposed Refrigerant Management rule will drive higher demand for reclaimed refrigerants and expect a final rule to be issued this summer.
Tailwinds
- Stepdown in virgin production and consumption now represents 40% of the baseline for 2024 through 2028.
- Proposed Refrigerant Management rule will drive higher demand for reclaimed refrigerants.
- Expect a final rule to be issued this summer.
- Existing and proposed legislation at both the federal and various state levels promotes the use of reclaimed refrigerant.
- Company is uniquely positioned to leverage expertise and industry-leading reclamation technology.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2023
+1.5%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+7.6%
Avg return
30 days after
56%
36 / 64 earnings
Positive
+32.9%
Q4 2021
Best reaction
-26.2%
Q1 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.9% | -6.3% | +3.8% | |
| Q4 2025 | -10.6% | -15.8% | -17.7% | |
| Q3 2025 | -6.2% | -24.4% | -15.8% | |
| Q1 2025 | +16.1% | +13.4% | +6.6% | |
| Q4 2024 | +3.4% | +8.2% | -2.9% | |
| Q3 2024 | -20.2% | -20.5% | -18.6% | |
| Q2 2024 | +5.9% | +3.3% | +6.1% | |
| Q1 2024 | -8.3% | -5.5% | -10.2% | |
| Q4 2023 | -17.6% | -17.3% | -24.7% | |
| Q3 2023 | -4.4% | -4.0% | -1.7% | |
| Q2 2023 | +18.1% | +10.7% | +30.4% | |
| Q1 2023 | -0.4% | +0.9% | +19.6% | |
| Q4 2022 | -9.5% | -15.5% | -17.7% | |
| Q3 2022 | +11.3% | +18.3% | +25.1% | |
| Q2 2022 | -5.3% | -1.3% | -12.9% | |
| Q1 2022 | +30.0% | +25.1% | +42.5% | |
| Q4 2021 | +32.9% | +44.8% | +60.4% | |
| Q3 2021 | -0.8% | +7.1% | +4.4% | |
| Q2 2021 | -12.3% | -6.4% | -8.4% | |
| Q1 2021 | +9.9% | +0.0% | +56.2% | |
| Q4 2020 | -6.2% | -6.3% | +15.3% | |
| Q3 2020 | +1.9% | +14.3% | +50.5% | |
| Q2 2020 | +1.8% | +9.7% | +1.8% | |
| Q1 2020 | +3.7% | +3.7% | +10.0% | |
| Q4 2019 | -2.3% | -5.7% | -20.7% | |
| Q3 2019 | -9.0% | -23.9% | +9.0% | |
| Q2 2019 | -13.3% | -17.8% | +55.6% | |
| Q1 2019 | +25.9% | +44.4% | +18.5% | |
| Q4 2018 | +22.3% | +31.7% | +48.9% | |
| Q3 2018 | +7.6% | -3.5% | -35.1% | |
| Q2 2018 | +1.6% | +1.6% | -3.3% | |
| Q1 2018 | -26.2% | -37.3% | -44.5% | |
| Q4 2017 | -9.6% | -10.9% | -24.1% | |
| Q3 2017 | +6.2% | +3.9% | -5.7% | |
| Q2 2017 | +15.3% | +10.8% | +13.7% | |
| Q1 2017 | +1.9% | +3.2% | +21.6% | |
| Q4 2016 | +1.8% | -1.7% | -7.8% | |
| Q3 2016 | +10.9% | +17.6% | +37.4% | |
| Q2 2016 | +2.5% | -2.1% | +29.8% | |
| Q1 2016 | +2.3% | — | — | |
| Q4 2015 | -2.3% | — | — | |
| Q3 2015 | -10.5% | — | — | |
| Q2 2015 | +4.9% | — | — | |
| Q1 2015 | -2.8% | — | — | |
| Q4 2014 | +7.7% | — | — | |
| Q3 2014 | +3.3% | — | — | |
| Q2 2014 | +0.7% | — | — | |
| Q1 2014 | +5.9% | — | — | |
| Q4 2013 | +3.3% | — | — | |
| Q3 2013 | +13.3% | — | — | |
| Q2 2013 | -14.5% | — | — | |
| Q1 2013 | +5.7% | — | — | |
| Q4 2012 | +11.9% | — | — | |
| Q3 2012 | -2.3% | — | — | |
| Q2 2012 | -20.2% | — | — | |
| Q1 2011 | +29.4% | — | — | |
| Q1 2012 | +2.1% | — | — | |
| Q4 2011 | +4.4% | — | — | |
| Q3 2010 | +7.6% | — | — | |
| Q3 2011 | +7.6% | — | — | |
| Q2 2011 | -9.5% | — | — | |
| Q4 2010 | -9.5% | — | — | |
| Q2 2010 | -9.5% | — | — | |
| Q1 2010 | -1.6% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro