Actionable news
0
All posts from Actionable news
Actionable news in HDSN: Hudson Technologies, Inc.,

Hudson Technologies Reports Record Second Quarter Revenues of $34.6 Million; Diluted EPS of $0.14

PEARL RIVER, N.Y.--(BUSINESS WIRE)--

The Company achieved record revenues for the three months ended June 30, 2016 of $34.6 million, an increase of 21% compared to $28.6 million in the comparable 2015 period. The revenue increase in the quarter is primarily related to an increase in the price of certain refrigerants, slightly offset by reduced volumes of certain refrigerants sold. Gross margin improved to 30% in the second quarter of 2016 compared to 25% in the prior year period. Net income for the quarter was $4.8 million, or $0.15 per basic and $0.14 per diluted share, compared to net income of $2.8 million, or $0.09 per basic and $0.08 per diluted share, in the second quarter of 2015.

For the first six months of 2016, Hudson recorded revenues of $62.8 million, a 24% increase as compared to $50.7 million in the comparable 2015 period. The increase is primarily related to a higher selling price of certain refrigerants and higher volumes of certain refrigerants sold. Gross margin increased to 29% in the first half of 2016 as compared to 25% in the first half of 2015. Net income for the first half of 2016 was $7.8 million, or $0.24 per basic and $0.23 per diluted share, compared to $4.7 million or $0.14 per basic and diluted share in the first half of...


More