M&A - HUDSON TECHNOLOGIES INC /NY

Form Type: 10-Q

Filing Date: 2025-05-09

Corporate Action: Acquisition

Type: Update

Accession Number: 000141057825001163

Filing Summary: This quarterly report for Hudson Technologies, Inc. covers the financial results for the period ended March 31, 2025. The company reports total revenues of $55,343,000, a decrease from $65,250,000 in the same quarter of the previous year. The cost of sales also decreased, resulting in a gross profit of $12,068,000, down from $21,421,000. Operating income reported was $3,075,000, a significant decline compared to $12,776,000 last year. Net income for the quarter is $2,758,000 with an earnings per share of $0.06. Total assets increased to $307,885,000 from $302,652,000, while total liabilities were reported at $61,063,000. Stockholders’ equity saw a slight increase to $246,822,000. The report highlighted the company's acquisition on June 6, 2024, of business assets from USA United Suppliers of America, Inc. and B&B Jobber Services, which was paid in cash for approximately $20.7 million, aimed at increasing distribution capabilities and market reach in the refrigerant industry. The company also noted its compliance with filing requirements under the Securities Exchange Act and discussed regulatory impacts stemming from the AIM Act regarding phase-downs of hydrofluorocarbon refrigerants.