- 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)
Hudson Technologies slides after rough Q1
Recommended For You
About HDSN Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
HDSN | - | - |
Hudson Technologies, Inc. |