Hudson Technologies Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Hudson Technologies (NASDAQ:HDSN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$61.9m (down 19% from 3Q 2023).
• Net income: US$7.81m (down 43% from 3Q 2023).
• Profit margin: 13% (down from 18% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.17 (down from US$0.30 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hudson Technologies EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) exceeded analyst estimates by 7.9%.

Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Trade Distributors industry in the US.

Performance of the American Trade Distributors industry.

The company's shares are down 26% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Hudson Technologies (1 can't be ignored) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.