Hudson Technologies Reports Q3 2026 Revenue Decline Amid Soft HFC Pricing
Hudson Technologies (HDSN) reported a significant decline in third-quarter results, with revenue falling 20% year-over-year to $59.4 million. The downturn was primarily driven by a 17% drop in average selling prices and a 9% decrease in sales volume, as ample channel inventory of hydrofluorocarbons (HFCs) pressured market pricing. Despite the revenue contraction, management emphasized a strategic shift toward prioritizing profitable sales over pure volume. The company maintained a debt-free balance sheet with a strengthened cash position of $35.3 million. While net income fell to $2 million compared to $12.4 million in the prior-year period, the company continues to invest in its operational platform and ERP optimization to drive long-term efficiency.