Hudson Technologies (HDSN) Tops Q2 EPS by 3c
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Hudson Technologies Reports Record Second Quarter Revenues of $34.6 Million; Diluted EPS of $0.14
August 2, 2016 4:06 PM EDTPEARL RIVER, N.Y.--(BUSINESS WIRE)-- Hudson Technologies, Inc. (NASDAQ: HDSN) announced results for the second quarter ended June 30, 2016.
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... More
