Hudson Technologies Q3 net income falls to $2.0 million from $12.4 million
Hudson Technologies reported third-quarter 2026 revenue of $59.4 million, down from $74.0 million a year earlier, and net income of $2.0 million, or $0.05 per diluted share, versus $12.4 million, or $0.27, in the prior-year quarter. Gross margin fell to 25% from 32% on lower refrigerant pricing, and the company kept its full-year 2026 gross margin target in the low-to-mid-twenties percent range. Shareholders face weaker headline results, though the company reported $35.3 million in cash and said it is debt-free.
Key points
- Q3 revenue was $59.4 million versus $74.0 million, with sales volume down 9% and selling prices down 17%.
- Q3 gross margin was 25% versus 32%, and SG&A expenses rose to $10.8 million from $8.9 million.
- Nine-month net income was $7.3 million, or $0.17 per diluted share, versus $25.3 million, or $0.56, in the prior-year period.
- Full-year 2026 gross margin target in the low-to-mid-twenties percent range was reaffirmed; cash was $35.3 million at September 30, 2026.
The filing
Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.