Business in the Burbs

Revenues expected to fall at Hudson Technologies

July

Cooler weather in the Northeast this summer has hurt sales at Hudson Technologies Inc., a Pearl River-based company that sells products for the air conditioning and refrigeration markets.

The company today released preliminary results for the second quarter that estimated revenues of $8.3 million, down from $13.1 million a year earlier. The company added that it expects to report earnings per share in the range of flat to 1 cent.

“Looking back on the first and second quarter, we see that the combination of an ailing economy and prolonged unseasonably cool weather in the North, particularly in the Northeast, have dramatically impacted our industry,” Kevin J. Zugibe, chairman and chief executive officer, said in a written statement.

This entry was posted on Thursday, July 16th, 2009 at 10:57 am by Jay Loomis.
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