HUDSON TECHNOLOGIES Reports 13.0% Year-Over-Year Revenue Decrease in Q2 2023 Earnings
August 28, 2023
🌥️Earnings Overview
On August 2 2023, HUDSON TECHNOLOGIES ($NASDAQ:HDSN) reported second quarter earnings results for the fiscal year ending June 30 2023, with total revenue of USD 90.5 million, representing a 13.0% decrease from the same period in the previous year. Net income was reported at USD 19.2 million, a decrease of 51.8% compared to the year before.
Analysis
GoodWhale’s analysis of HUDSON TECHNOLOGIES‘ financials reveals that the company has a high health score of 9/10 considering its cashflows and debt, indicating that it is capable to sustain future operations in times of crisis. Investors who may be interested in such a company should note that HUDSON TECHNOLOGIES is strong in asset, growth, and profitability but weak in dividend. This suggests that the company is well-positioned to handle economic fluctuations, but may not be the most attractive option for investors interested in a steady income stream. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hudson Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 304.62 | 69.16 | 22.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hudson Technologies. More…
| Operations | Investing | Financing |
| 68.42 | -3.66 | -57.35 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hudson Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 299.06 | 87.61 | 4.66 |
Key Ratios Snapshot
Some of the financial key ratios for Hudson Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.1% | -26.9% | 30.8% |
| FCF Margin | ROE | ROA |
| 21.1% | 29.1% | 19.6% |
Peers
Hudson Technologies Inc is a publicly traded company on the NASDAQ Global Market under the ticker symbol HDSN. It is headquartered in Pearl River, New York and was founded in 1987. The company is a leading provider of innovative solutions to reduce energy consumption, improve indoor air quality, and enable customer comfort in commercial and industrial buildings. Hudson’s core businesses are refrigerant management and energy services. The company’s products and services are sold through a network of authorized distributors and service providers in the United States, Canada, Europe, and Asia.
Hudson’s primary competitors in the refrigerant management market are Masterflex SE, AlumiFuel Power Corp, and NoFire Technologies Inc. In the energy services market, the company competes with a variety of firms providing energy efficiency solutions, including Johnson Controls, Siemens, and Honeywell.
– Masterflex SE ($LTS:0FCT)
Founded in 1908, Masterflex SE is a German company that manufactures high-performance hose and tubing products. The company has a market cap of 62.52M as of 2022 and a Return on Equity of 10.87%. Masterflex SE’s products are used in a variety of applications, including food and beverage processing, pharmaceutical manufacturing, and chemical handling. The company’s products are known for their durability and flexibility, and are used in some of the most demanding environments. Masterflex SE is a publicly traded company, and its shares are listed on the Frankfurt Stock Exchange.
– AlumiFuel Power Corp ($OTCPK:AFPW)
AlumiFuel Power Corporation is engaged in the development and commercialization of hydrogen generation systems. Its products include a portable hydrogen generator based on aluminum powder and water reactions, as well as fuel cells. The company was founded in 2004 and is headquartered in Denver, Colorado.
– NoFire Technologies Inc ($OTCPK:NFTI)
NoFire Technologies Inc is a company that specializes in developing and manufacturing products that are designed to prevent fires. The company has a market cap of 1.81M as of 2022 and a Return on Equity of 17.43%. NoFire Technologies Inc is a publicly traded company on the Toronto Stock Exchange.
Summary
HUDSON TECHNOLOGIES, a publicly-traded company, reported their second quarter earnings results for the fiscal year ending June 30 2023. Total revenue was reported at USD 90.5 million, a decrease of 13.0% year-on-year, while net income decreased by 51.8%. Consequently, the stock price declined the same day.
This suggests that investors may need to thoroughly consider potential risks before investing in the company, such as potential declines in future revenues, profitability, and stock prices. Potential investors should take into account the company’s financial performance and the competitive landscape when making an investment decision.
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