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Hudson Technologies slides after rough Q1

May 10, 2018 11:30 AM ETHudson Technologies, Inc. (HDSN) StockBy: Clark Schultz, SA News Editor19 Comments
  • Hudson Technologies (NASDAQ:HDSN -27.6%) is down sharply after management updates on the rough start to the year.
  • "The 2018 selling season has had a very slow start," notes CEO Kevin Zugibe.
  • As for details, Zugibe says Q1 results were negatively impacted by declines in both price and volume for most of the refrigerants the companies sells. He explains that customers resorting to a "just-in-time buying pattern" for all refrigerants combined with cooler than normal weather and price declines contributed to a "weaker performance" for both revenues and gross margins during the quarter.
  • Previously: Hudson Tech misses by $0.04, misses on revenue (May 9)

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