Hudson Technologies, Inc. (NASDAQ:HDSN) Q4 2022 Earnings Call Transcript

Ryan Sigdahl: Just two follow-ups from me. Curious on inventory. So grew pretty sizeably year-over-year, but more so sequentially, curious how much of that is price increase versus volume increase? And then one follow-up.

Nat Krishnamurti: Yes, it’s mostly pricing. Obviously, with the selling prices going up over the last year, buy price has gone up as well as we previously communicated.

Brian Coleman: Yes. Generally, our philosophy is not like to somehow go long on inventory.

Chip Moore: Makes sense. Then just one, we saw on the EPA earlier this week we saw them in force, HFC restrictions on three companies that were not accurately reporting their HFC imports. Curious, if you have thoughts on that enforcement and potentially the EPA actually starting to do a little bit more here?

Brian Coleman: Yes. No, I think the EPA in this area, I think the EPA has been doing a great job both in constructing regulation that hopefully will prevent any illegal imports or limit illegal imports, as the alliance and the legal import committee of the alliance have been looking at for probably six, seven years now. I do think there is more and more requirements of data, and the EPA staff is absolutely reviewing the data and accuracy. So, we are very pleased with those actions. And we can’t say that, we know more than what’s reported, but hopefully, they’ll continue to monitor activity and who’s reporting and be very aggressive as it relates to those who were not obeying rules and regulations.

Operator: Thank you. That concludes our Q&A session. I will now hand the conference back to Brian Coleman, Chairman and CEO of Hudson Technologies for closing remarks. Please go ahead.

Brian Coleman: Thank you, operator. I’d like to thank our employees for their continued support and dedication to our business. I want to again thank our longtime shareholders and those that recently joined us for their support as well. We look forward to speaking with you after the first quarter results. Have a good night everybody. Thank you.

Operator: Thank you everyone. This concludes today’s event. You may disconnect at this time and have a wonderful day. Thank you for your participation.