HUDSON TECHNOLOGIES INC /NY Business Summary

Hudson Technologies Inc. (HDSN) operates a circular-economy business model focused on sustainable refrigerant management, generating revenue through the sale of reclaimed and virgin refrigerants, high-margin reclamation services, and a subscription-based "Refrigerant as a Service" (RaaS) offering. The company’s growth is fundamentally underpinned by the American Innovation and Manufacturing (AIM) Act, which mandates a phasedown of hydrofluorocarbons (HFCs), thereby increasing the market value and demand for reclaimed gases. Hudson’s primary business segments include Refrigerant Sales, which services the HVACR industry, and Refrigerant Services, which provides on-site recovery and system optimization for industrial and commercial cooling. In a competitive landscape featuring major players like A-Gas, The Chemours Company, and Honeywell International, Hudson maintains a dominant position as the largest independent refrigerant reclaimer in the United States, commanding approximately 35% of the domestic reclamation market. The company is led by Chairman, President, and CEO Kenneth Gaglione, who assumed the role in November 2025 following a strategic leadership transition; Gaglione previously served as Hudson’s VP of Operations and brings extensive specialty chemical experience from Rohm and Haas. The executive team includes Chief Financial Officer Brian Bertaux, a former Trex executive appointed in 2024, and Kathleen L. Houghton, Senior Vice President of Sales and Marketing, alongside Robert A. Stoody, who was promoted to Senior Vice President of Operations in January 2026. Hudson was founded by Kevin J. Zugibe, whose proprietary "Zugibeast" technology remains a core technical advantage for the firm's high-purity reclamation process. The company’s governance is overseen by Lead Independent Director Vincent Abbatecola, with significant institutional backing from major investors including BlackRock and Vanguard, reflecting its status as a key environmental services play in the industrials sector.