Hudson Technologies, Inc. (NASDAQ:HDSN) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET

Corporate Participants

John Nesbett - IMS Investor Relations

Brian Coleman - Chairman, President and Chief Executive Officer

Nat Krishnamurti - Vice President and Chief Financial Officer

Conference Call Participants

Gerry Sweeney - ROTH Capital

Ryan Sigdahl - Craig-Hallum Capital Group

Operator

Greetings. Welcome to the Hudson Technologies' Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

I will now turn the conference over to your host, John Nesbett of IMS Investor Relations. You may begin.

John Nesbett

Thank you. Good evening and welcome to our conference call to discuss Hudson Technologies' financial results for the second quarter 2023. On the call today are Brian Coleman, President and Chief Executive Officer; and Nat Krishnamurti, Chief Financial Officer.

I'll now take a moment to read the Safe Harbor statement. During the course of this conference call, we will make certain forward-looking statements. All statements that address expectations, opinions or predictions about the future are forward-looking statements. Although they reflect our current expectations and are based on our best view of the industry and our business as we see them today, they are not guarantees of future performance.

Please understand that these statements involve a number of risks and assumptions and since those elements can change, in certain cases, are not within our control, we would ask that you consider and interpret them in that light.

We urge you to review Hudson's most recent Form 10-K and other subsequent SEC filings for a discussion of the principal risks and uncertainties that affect our business and our performance and of the factors that could cause actual results to differ materially.

With that, I will now turn the call over to Brian Coleman. Go ahead, Brian.

Brian Coleman

Good evening and thank you for joining us.

As many of you know, the close of the second quarter brings us 2/3rds of the way through our 9-month selling season. We view the cooling season as a 9-month season, because from year-to-year, the start of warmer weather can vary throughout the country. So a quarter-to-quarter comparison won't always provide an accurate view of how the full season will play out.

For example, this year, the start of the cooling season was a bit delayed in some parts of the country. However, warmer weather did eventually arrive, bringing with it opportunities for increased service calls and refrigerant sales.