Hudson Technologies, Inc. (NASDAQ:HDSN) Q4 2022 Results Conference Call March 8, 2023 5:00 PM ET

Company Participants

Jen Belodeau - Investor Relations

Brian Coleman - President & Chief Executive Officer

Nat Krishnamurti - Chief Financial Officer

Conference Call Participants

Ryan Sigdahl - Craig Hallam Capital Group

Gerry Sweeney - ROTH Capital

Chip Moore - EF Hutton

Operator

Good day everyone, and welcome to the Hudson Technologies' Fourth Quarter 2022 Earnings Call. At this time, all participants have been placed on a listen-only mode and we will open the floor for your questions and comments after the presentation.

It is now my pleasure to turn the floor over to your host, Jen Belodeau. Ma'am, the floor is yours.

Jen Belodeau

Thank you. Good evening and welcome to our conference call to discuss Hudson Technologies' financial results for the fourth quarter and year ended 2022. On the call are Brian Coleman, President and Chief Executive Officer; and Nat Krishnamurti, CFO.

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 expectations 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 businesses, 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 and, 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 our actual results to differ materially.

With that out of the say, I will turn the call over to Brian Coleman. Go ahead, Brian.

Brian Coleman

Good evening and thank you for joining us. 2022 was a tremendous year for our company, highlighted by record revenues and profitability and significant debt reduction. We closed the year with solid fourth quarter results including revenue growth of 26%, largely driven by increased selling prices for certain refrigerants and increased volume in the period. As many of you know, the fourth quarter is seasonally our weakest quarter because it falls outside our nine month January through September selling season.