Hudson Technologies First Quarter 2024 Earnings: Beats Expectations
Hudson Technologies (NASDAQ:HDSN) First Quarter 2024 Results
Key Financial Results
Revenue: US$65.3m (down 16% from 1Q 2023).
Net income: US$9.56m (down 38% from 1Q 2023).
Profit margin: 15% (down from 20% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$0.21 (down from US$0.34 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hudson Technologies Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) also surpassed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Trade Distributors industry in the US.
Performance of the American Trade Distributors industry.
The company's shares are down 14% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Hudson Technologies has 1 warning sign we think you should be aware of.
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