Hudson Technologies is a leading U.S. manufacturer of deep drawn metal enclosures, or cases, and stampings, including metal diaphragms. Capabilities include expertise with a variety of high performance metals, including stainless steel and titanium, along with aluminum, aluminized steel, cold rolled steel, brass, copper, HY-MU 77 and 80 (Other shielding alloys available), nickel, cupro nickel and more.

Design engineers turn to Hudson Technologies for precision seamless metal enclosures and diaphragms for their technology whether they need a prototype or high-volume production. The catalog has over 15,000 standard shapes and sizes available with little to no tooling charges. Engineered products offer customized tooling and parts designed to customers' specifications.

Hudson Technologies' seamless enclosures, also referred to as cases, cans, covers, containers and deep drawn stampings, are integral to aerospace, aviation, automotive, commercial battery, electrical, irrigation, implantable medical devices, flow meters, relay cases, semi-conductor, metal diaphragms for edge welded bellows and mechanical seals, and other industrial applications worldwide.

Hudson Technologies holds ISO 9001:2008, 13485:2003 and 14001:2004 certification and is a green manufacturer, using only environmentally-sound lubricants and an aqueous cleaning system. No chlorinated lubricants or solvents are ever used to manufacture our products.

Based in Ormond Beach, FL, Hudson Technologies (formerly Hudson Tool & Die) is located in Volusia County. It is within 20 minutes of Daytona International Airport and just over a one hour drive from airports in Orlando (via I-4) or Jacksonville (via I-95) in East Central Florida.

Hudson Technologies has over 240 employees and is a business of JSJ, a privately held U.S. corporation based in Grand Haven, MI, that designs, develops and markets products and services around the world.

Hudson Technologies was founded in 1940 and is headquartered in Ormond Beach, US

Hudson Technologies has an office in Ormond Beach

Ormond Beach, US (HQ)

1327 North US Highway 1

Hudson Technologies's revenue was reported to be $38.8 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 38.8 m |

## Gross profit (Q1, 2017) | 12.5 m |

## Gross profit margin (Q1, 2017), % | 32% |

## Net income (Q1, 2017) | 5.7 m |

## EBIT (Q1, 2017) | 9.4 m |

## Market capitalization (17-Aug-2017) | 368.4 m |

## Cash (31-Mar-2017) | 40.2 m |

Hudson Technologies's current market capitalization is $368.4 m.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 58.6 m | 55.8 m | 79.7 m | 105.5 m |

## Revenue growth, % | (5%) | 43% | 32% | |

## Cost of goods sold | 61.2 m | 74.4 m | ||

## Gross profit | 18.5 m | 31.1 m | ||

## Gross profit Margin, % | 23% | 29% | ||

## Operating expense total | 7.8 m | 7.4 m | 10.3 m | 12.1 m |

## EBIT | (8.5 m) | (985 k) | 8.2 m | 18.9 m |

## EBIT margin, % | (14%) | (2%) | 10% | 18% |

## Interest expense | 933 k | 641 k | 776 k | 1.1 m |

## Pre tax profit | (9.4 m) | (1.6 m) | 7.7 m | 17.3 m |

## Income tax expense | (3.6 m) | (906 k) | 2.9 m | 6.6 m |

## Net Income | (5.8 m) | (720 k) | 4.8 m | 10.6 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 16.9 m | 15.3 m | 22.1 m | 28.6 m | 21.7 m | 28.2 m | 34.6 m | 34.9 m | 38.8 m |

## Cost of goods sold | 14.7 m | 16.6 m | 21.4 m | 17.3 m | 20.6 m | 24.1 m | 22.9 m | 26.4 m | |

## Gross profit | 2.2 m | 5.5 m | 7.2 m | 4.4 m | 7.5 m | 10.5 m | 12 m | 12.5 m | |

## Gross profit Margin, % | 13% | 25% | 25% | 20% | 27% | 30% | 34% | 32% | |

## General and administrative expense | 931 k | 992 k | 1.3 m | 1.4 m | 1.5 m | 1.4 m | 1.3 m | 3.1 m | 2 m |

## Operating expense total | 931 k | 992 k | 1.3 m | 1.4 m | 1.5 m | 1.4 m | 1.3 m | 3.1 m | 2 m |

## EBIT | 657 k | (127 k) | 3.3 m | 4.8 m | 1.9 m | 5 m | 8.1 m | 8 m | 9.4 m |

## EBIT margin, % | 4% | (1%) | 15% | 17% | 9% | 18% | 24% | 23% | 24% |

## Interest expense | (186 k) | (99 k) | 207 k | (236 k) | (157 k) | 271 k | 352 k | (296 k) | 85 k |

## Pre tax profit | 471 k | (226 k) | 3.1 m | 4.5 m | 1.7 m | 4.7 m | 7.8 m | 7.7 m | 9.3 m |

## Income tax expense | 163 k | (118 k) | 1.2 m | 1.7 m | 663 k | 1.8 m | 3 m | 2.9 m | 3.6 m |

## Net Income | 468 k | 360 k | 1.9 m | 4.7 m | 5.8 m | 2.9 m | 7.8 m | 12.6 m | 5.7 m |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 669 k | 935 k | 1.3 m | 33.9 m |

## Inventories | 34 m | 37 m | 61.9 m | 68.6 m |

## Current Assets | 41.9 m | 43.3 m | 69.5 m | 108.2 m |

## PP&E | 4.5 m | 7.9 m | 7.5 m | 7.5 m |

## Goodwill | 265 k | 856 k | 856 k | |

## Total Assets | 52.4 m | 59.9 m | 85 m | 122.5 m |

## Accounts Payable | 4 m | 4.5 m | 5.8 m | 5.1 m |

## Current Liabilities | 19.6 m | 11.2 m | 31 m | 10.3 m |

## Total Liabilities | 10.5 m | |||

## Additional Paid-in Capital | 44.9 m | 61.5 m | 62.2 m | 114 m |

## Retained Earnings | (17.1 m) | (17.8 m) | (13.1 m) | (2.4 m) |

## Total Equity | 28.1 m | 44 m | 49.4 m | 112 m |

## Financial Leverage | 1.9 x | 1.4 x | 1.7 x | 1.1 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 1.9 m | 1.2 m | 461 k | 1.5 m | 1 m | 1.2 m | 1.5 m | 4 m | 40.2 m |

## Inventories | 24.5 m | 27.7 m | 41.5 m | 45 m | 49 m | 55.3 m | 57.8 m | 66.6 m | 72.4 m |

## Current Assets | 41.8 m | 42.9 m | 51.7 m | 66.3 m | 65.5 m | 76.4 m | 84 m | 80.8 m | 139.5 m |

## PP&E | 4.4 m | 4.5 m | 7.7 m | 7.8 m | 7.5 m | 7.2 m | 7.1 m | 7.1 m | 7.4 m |

## Goodwill | 2.6 m | 2.6 m | 2.6 m | 856 k | 856 k | 856 k | 856 k | ||

## Total Assets | 51.9 m | 53.1 m | 70.6 m | 83.6 m | 81.7 m | 89.7 m | 97.6 m | 93.9 m | 153.1 m |

## Accounts Payable | 6.6 m | 7.8 m | 8.7 m | 17.8 m | 10.3 m | 3.8 m | 4.9 m | 4.2 m | 29 m |

## Current Liabilities | 7.1 m | 8.5 m | 18.4 m | 28.5 m | 25.5 m | 32.9 m | 35.6 m | 24.6 m | 35 m |

## Additional Paid-in Capital | 60.5 m | 60.5 m | 61.7 m | 61.9 m | 62 m | 62.5 m | 62.8 m | 65.4 m | 114.3 m |

## Retained Earnings | (16.6 m) | (16.7 m) | (15.9 m) | (13.1 m) | (12 m) | (10.1 m) | (5.3 m) | (505 k) | 3.3 m |

## Total Equity | 44.2 m | 44.1 m | 46 m | 49.1 m | 50.3 m | 52.7 m | 57.8 m | 65.2 m | 118 m |

## Financial Leverage | 1.2 x | 1.2 x | 1.5 x | 1.7 x | 1.6 x | 1.7 x | 1.7 x | 1.4 x | 1.3 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | (5.8 m) | (720 k) | 4.8 m | 10.6 m |

## Depreciation and Amortization | 808 k | 979 k | 2.1 m | 2.2 m |

## Accounts Receivable | (1.8 m) | (293 k) | (545 k) | (404 k) |

## Inventories | 486 k | (1.2 m) | (23 m) | (6.7 m) |

## Accounts Payable | (2.1 m) | 316 k | 4.3 m | 173 k |

## Purchases of PP&E | (550 k) | (889 k) | (1.7 m) | |

## Cash From Investing Activities | (397 k) | (8 m) | (3.3 m) | |

## Long-term Borrowings | (247 k) | (305 k) | (328 k) | (4.3 m) |

## Cash From Financing Activities | 3.5 m | 6.6 m | 14.2 m | 25.1 m |

## Income Taxes Paid | 1.1 m | 5 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 468 k | 360 k | 1.9 m | 4.7 m | 5.8 m | 2.9 m | 7.8 m | 12.6 m | 5.7 m |

## Depreciation and Amortization | 411 k | 626 k | 544 k | 1.1 m | 1.6 m | 606 k | 1.1 m | 1.7 m | 605 k |

## Accounts Receivable | (6.5 m) | (5.4 m) | (4.2 m) | (10.8 m) | (5.7 m) | (11.5 m) | (17.6 m) | (4.8 m) | (16 m) |

## Inventories | 9.5 m | 6.3 m | (3.1 m) | (6.5 m) | (10.5 m) | 6.6 m | 4.1 m | (4.7 m) | (3.8 m) |

## Accounts Payable | 2.6 m | 4 m | 2.9 m | 11.8 m | 4.1 m | (4 m) | (1.9 m) | (2.8 m) | 22.2 m |

## Cash From Investing Activities | (221 k) | (481 k) | (2.5 m) | (3 m) | (3.1 m) | (133 k) | (517 k) | ||

## Long-term Borrowings | (4.1 m) | (4.2 m) | (71 k) | (152 k) | (243 k) | (93 k) | (178 k) | (264 k) | (85 k) |

## Cash From Financing Activities | 5.8 m | 5 m | |||||||

## Income Taxes Paid | 1.8 m | 4.3 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 287.6 k |

## Financial Leverage | 1.3 x |