HDSN

EX-99.1

2 tm2613612d1_ex99-1.htm

EXHIBIT 99.1

Exhibit 99.1

HUDSON

TECHNOLOGIES REPORTS FIRST quarter 2026 reSults

Strong volumes drive 9% revenue growth

First Quarter 2026 Financial Highlights

·Revenue increased 9% to $60.2 million

·20% sales volume growth

·Share repurchases of $2.5 million

·HFC

prices firming above $6 per pound

WOODCLIFF

LAKE, NJ – MAY 6, 2026 – Hudson Technologies, Inc. (NASDAQ: HDSN) announced results for the first quarter ended March 31, 2026.

Ken Gaglione, President and Chief Executive Officer of Hudson Technologies commented,

”Our first quarter was one of operational and strategic progress, highlighted by enhancements to our management team, critical partnership development and our increased focus on operational excellence as we move into the core of our selling season.

“First quarter revenue growth of 9% was driven by increased sales volume and slightly higher HFC pricing. Gross margin of 20% declined slightly due to the mix of refrigerants sold in the first quarter this year compared to the first quarter last year and we expect gross margin to increase as we progress through the selling season.

“We recently announced several changes and appointments to further expand and strengthen our management team including additions to our marketing team and the appointment of two new members to our board of directors. These management-led changes align with our strategic priorities of delivering operational excellence, building our marketing team, and expanding the skill set represented on our board of directors as we explore strategic growth opportunities.

“As we previously communicated, our new ERP system launched during the quarter. While we experienced some typical implementation inefficiencies and headwinds, overall, I am pleased to report that the ERP implementation process is going better than we anticipated and we are beginning to see benefits to our management information systems.

“Also, during the quarter, we signed an important licensing agreement with Solstice Advanced Materials for the reclamation and resale of certain patented HFO refrigerants. As the market transitions from legacy HFC to lower GWP next generation HFO refrigerants, this agreement gives us a meaningful opportunity to reclaim and sell replacement refrigerants frequently used in the supermarket sector, among others, creating enhanced growth opportunities for our service business. HFC refrigerants will remain essential to servicing existing equipment through its useful life and will continue as an important component of our business while HFOs continue to grow.

“We started the year with a focus on organizing our teams for growth and working through our ERP transition. As we enter the core of the 2026 selling season, we remain focused on meeting the needs of our customer base with our extensive portfolio of refrigerants while driving continuous operational excellence across our organization. We are uniquely positioned to grow our leadership role in the industry as we leverage our sales, service, recovery and reclamation capabilities to capitalize on the refrigerant industry’s continuous transition to lower GWP equipment and refrigerants,” Mr. Gaglione concluded.

Three Month Results

For the quarter ended March 31, 2026, Hudson reported:

·Revenues increased 9% to $60.2 million compared to revenues of $55.3 million in the comparable 2025 period. The increase was primarily due to improved sales volume related to unseasonably warm temperatures in the western portion of the U.S. during the first quarter as well as slightly higher pricing for certain refrigerants.

·Gross margin decreased slightly to 20% compared to 22% in the first quarter of 2025 primarily due to the mix of refrigerants sold in each quarter. The 2025 quarter sales mix included a broader range of higher priced and margin new HFO refrigerants related to contractors’ heightened activity to top off newly installed HFO equipment as the systems entered the marketplace.

·Selling, general and administrative expenses of $9.5 million compared to $8.2 million in the first quarter of 2025. The increase in the 2026 first quarter SG&A is primarily related to optimizing the Company’s new ERP system and a continued focus on strategic initiatives. As previously reported, Hudson went live with its new ERP system on February 1, 2026.

·Operating income of $1.5 million compared to operating income of $3.1 million in the prior year period.

·Income before income taxes of $1.6 million compared to $3.7 million in the first quarter of 2025.

·Income tax expense of $1.3 million compared to $0.9 million in the first quarter of 2025.  The increased income tax expense for the quarter relates to approximately $900,000 ($0.02 per share) in income tax expense related to non-recurring items as well as executive stock compensation.

·Net income of $0.3 million or $0.01 per basic and diluted share, compared to net income of $2.8 million or $0.06 per basic and diluted sh

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HUDSON TECHNOLOGIES INC /NY

0000925528

2026-03-04 2026-03-04

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON,

DC 20549

FORM 8-K

CURRENT

REPORT

PURSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES

EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) March 4, 2026

Hudson Technologies, Inc.

(Exact Name of Registrant as Specified in Charter)

New York

(State or Other Jurisdiction of Incorporation)

1-13412

13-3641539

(Commission File Number)

(IRS Employer Identification No.)

300 Tice Boulevard, Suite 290, Woodcliff Lake, New Jersey

07677

(Address of Principal Executive Offices)

(Zip Code)

(845) 735-6000

(Registrant's Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbols(s) Name of each exchange on which registered

Common Stock, $0.01 par value

HDSN

Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company           ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.           ¨

Item 2.02 Results of Operations and Financial Condition

On March 4, 2026, Hudson Technologies, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 31, 2025. A copy of the press release is furnished herewith as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit 99.1 Press Release issued March 4, 2026

Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 4, 2026

HUDSON TECHNOLOGIES, INC.

By: /s/ Brian J. Bertaux

Name: Brian J. Bertaux

Title: Chief Financial Officer & Secretary

3

false 0000925528

HUDSON TECHNOLOGIES INC /NY

0000925528

2025-11-05 2025-11-05

iso4217:USD

xbrli:shares

iso4217:USD

xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON,

DC 20549

FORM 8-K

CURRENT

REPORT

PURSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES

EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) November 5, 2025

Hudson Technologies, Inc.

(Exact Name of Registrant as Specified in Charter)

New York

(State or Other Jurisdiction of Incorporation)

1-13412

13-3641539

(Commission File Number)

(IRS Employer Identification No.)

300 Tice Boulevard, Suite 290, Woodcliff Lake, New Jersey

07677

(Address of Principal Executive Offices)

(Zip Code)

(845) 735-6000

(Registrant's Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbols(s) Name of each exchange on which registered

Common Stock, $0.01 par value

HDSN

Nasdaq Capital Market

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company           ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.           ¨

Item 2.02Results of Operations and Financial Condition

On November 5, 2025, Hudson Technologies, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter ended September 30, 2025. A copy of the press release is furnished herewith as Exhibit 99.1.

Item 9.01Financial Statements and Exhibits.

(d) Exhibits

Exhibit 99.1 Press Release issued November 5, 2025

Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 5, 2025

HUDSON TECHNOLOGIES, INC.

By: /s/ Brian J. Bertaux

Name: Brian J. Bertaux

Title: Chief Financial Officer & Secretary

3