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Profits fall sharply at Hudson Technologies in 2Q

August
14

Hudson Technologies Inc., a Pearl River-based refrigeration services company, reported net income of $164,000, or 1 cent a share, during the second quarter, worse than the net income of $2.99 million, or 15 cents a share, a year earlier. Revenues decreased 37 percent to $8.3 million.

Chief Executive Officer Kevin J. Zugibe said the results fell well short of expectations.

“Simply put, during the second quarter we continued to experience a decline in the volume of our refrigerant sales due in large part to the unseasonably cold weather in the North and particularly the Northeastern portion of the United States…” he said in a written statement.

This entry was posted on Friday, August 14th, 2009 at 12:52 pm by Jay Loomis. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Earnings

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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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