Hudson Technologies, Inc. (NASDAQ: HDSN) announced that its board of directors has approved a $20 million share repurchase authorization for the calendar year 2025, doubling the prior $10 million limit. The board also authorized a separate $20 million repurchase program for 2026, giving the company additional flexibility to return capital to shareholders while preserving the ability to invest in growth initiatives. The new authorization allows Hudson to repurchase shares on a discretionary basis through open‑market transactions or Rule 10b5‑1 plans during an “open window” when the company does not possess material non‑public information.
Hudson’s financial position underpins the decision. As of September 30 2025, the company held $89.7 million in cash and had no debt, a significant increase from $84.3 million at June 30 and $81 million at March 31. Q3 2025 revenue rose 20% year‑over‑year to $74 million, and net income grew 59% to $12.4 million, or $0.27 per diluted share. The revenue lift was driven by stronger demand in the company’s core refrigerant reclamation and industrial gas segments, while improved gross margins and disciplined cost management helped translate higher sales into a robust earnings increase.
Kenneth Gaglione, who became chairman, president, and CEO on November 24, emphasized that the expanded buyback program reflects Hudson’s “strong and sustainable capital generation, robust balance sheet and the long‑term strength of our business.” He added that the board’s approval aligns with the company’s broader capital allocation strategy and its commitment to return capital to shareholders while maintaining the ability to invest in growth. The announcement comes after Hudson secured a $210 million five‑year base contract with the Defense Logistics Agency, further strengthening its revenue base and reinforcing confidence in its cash‑flow generation.
Investors responded positively to the announcement, reflecting confidence in Hudson’s financial health and future prospects. The move signals that management expects continued strong cash flow and is willing to use excess liquidity to enhance shareholder value while keeping resources available for strategic opportunities.
The increased authorization provides Hudson with a flexible tool to manage capital structure and shareholder returns. By doubling the 2025 program and adding a 2026 program, the company positions itself to capitalize on favorable market conditions, support share price stability, and maintain the capacity to fund growth initiatives such as expanding its refrigerant reclamation footprint and pursuing new contract opportunities. This balanced approach to capital allocation underscores Hudson’s commitment to sustaining long‑term shareholder value while pursuing operational growth.
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