Hudson Technologies Inc (NASDAQ:HDSN) climbed 7.2% on Monday after the company revealed that it is significantly increasing its share repurchase capacity, reflecting growing confidence in its balance sheet and future growth prospects.
The refrigerant services provider said its board has approved a major expansion of the 2025 repurchase authorization, doubling the previously allotted $10 million to $20 million. The board also signed off on an additional $20 million authorization dedicated to calendar year 2026.
Hudson noted that it can execute the buybacks at its discretion via open-market purchases or other mechanisms, such as Rule 10b5-1 trading plans. The pace and scale of repurchases will depend on factors including market conditions, trading activity, regulatory considerations, and the stock’s performance.
Kenneth Gaglione, President and Chief Executive Officer, pointed to the company’s financial resilience as the catalyst for the expanded program. “This increase to the share repurchase authorization reflects Hudson’s strong and sustainable capital generation, robust balance sheet and the long-term strength of our business,” Gaglione said.
According to Hudson, the expanded buyback initiative fits within its broader capital deployment priorities, balancing shareholder value creation with ongoing investment in strategic growth opportunities.