10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Once a decade discount

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Hudson Technologies Inc. Reports Operating Results (10-Q)

October 31, 2012 | About:
10qk

10qk

18 followers
Hudson Technologies Inc. (HDSN) filed Quarterly Report for the period ended 2012-09-30.

Hudson Technology, Inc. has a market cap of $94.8 million; its shares were traded at around $3.8 with a P/E ratio of 14.7 and P/S ratio of 2.1.

Highlight of Business Operations:

Revenues for the three month period ended September 30, 2012 were $14,473,000, an increase of $2,538,000 or 21% from the $11,935,000 reported during the comparable 2011 period. The increase in revenues was primarily attributable to an increase in refrigerant revenues of $2,907,000, offset by a decrease in RefrigerantSide® Services revenues of $369,000. The increase in refrigerant revenues is primarily related to an increase in the selling price per pound of certain refrigerant sold accounting for an increase in revenues of $6,430,000 offset in part by a decrease in the number of pounds sold accounting for a decrease in revenues of $3,523,000. The decrease in RefrigerantSide® Services was related to a decrease in the average price of the jobs completed when compared to the same period of 2011, as well as having completed fewer jobs in 2012 when compared to the same period of 2011.

Cost of sales for the three month period ended September 30, 2012 was $9,108,000, a decrease of $1,357,000 or 13% from the $10,465,000 reported during the comparable 2011 period. The decrease in cost of sales was primarily due to fewer pounds of refrigerant sold in the 2012 period. As a percentage of sales, cost of sales was 63% of revenues for 2012, a decrease from the 88% reported for the comparable 2011 period, primarily due to a higher selling price per pound for certain refrigerants in 2012 as compared to the comparable 2011 period.

Net income for the three month period ended September 30, 2012 was $2,194,000, an increase of $2,307,000 from the $113,000 net loss reported during the comparable 2011 period, primarily due to increased revenues, partially offset by increased operating expenses, and income tax expenses.

Revenues for the nine month period ended September 30, 2012 were $51,578,000, an increase of $11,113,000 or 27% from the $40,465,000 reported during the comparable 2011 period. The increase in revenues was primarily attributable to an increase in refrigerant revenues of $11,184,000 offset by a decrease in RefrigerantSide® Services revenues of $71,000. The increase in refrigerant revenue is primarily related to an increase in the selling price per pound of certain refrigerant sold accounting for an increase in revenues of $17,558,000 offset in part by a decrease in the number of pounds sold accounting for a decrease in revenues of $6,374,000. The decrease in RefrigerantSide® Services was attributable to an increase in the price of jobs completed when compared to the same period in 2011, offset by a decrease in the number of jobs completed compared to the same period in 2011.

Cost of sales for the nine month period ended September 30, 2012 was $30,009,000, a decrease of $2,577,000 or 8% from the $32,586,000 reported during the comparable 2011 period. The decrease in cost of sales was primarily due to fewer pounds of refrigerant sold in 2012 when compared to the same period in 2011. As a percentage of sales, cost of sales was 58% of revenues for 2012, a decrease from the 81% reported for the comparable 2011 period, primarily due to a higher selling price per pound for certain refrigerants in 2012 as compared to the comparable 2011 period.

Read the The complete Report

About the author:

10qk
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 3.0/5 (3 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK