Hudson Technologies, Inc. (NASDAQ: HDSN), a leading distributor and reclaimer of refrigerants as well as a provider of proprietary on-site decontamination services for large comfort and process cooling systems, announced preliminary results for the second quarter ended June 30, 2009.

The Company expects to report revenues of $8.3 million for the three months ended June 30, 2009 compared to $13.1 million for the same quarter last year. The Company expects to report earnings per basic and diluted common share in the range of $0.00 to $0.01 for the three months ended June 30, 2009.

Kevin J. Zugibe, Chairman and Chief Executive Officer of Hudson Technologies commented “Looking back on the first and second quarter, we see that the combination of an ailing economy and prolonged unseasonably cool weather in the North, particularly in the Northeast, have dramatically impacted our industry. The decline in revenues for the second quarter of 2009 when compared to the second quarter of last year is primarily due to a reduction in the volume of our refrigerant sales. Revenue from our services business was only slightly down from last year, which we attribute primarily to the economy and not from a shift in demand, since most of our service work relates to systems that operate either in industrial or large comfort cooling systems that are to a greater extent unaffected by seasonality.”

“We believe the primary driver for the reduction in our refrigerant sales has been the combination of unusually cool weather in the North and Northeast and the shift in our customers’ normal buying practices related to their decisions to maintain lower inventory levels and defer inventory purchases until the refrigerant is absolutely needed. Now that we have completed the second quarter, we believe that this shift will likely continue throughout this year and, when coupled with the unseasonably cool weather, particularly in the Northeast, will result in decreased revenues in 2009 when compared to 2008. However, we also believe that 2010 should bring more normalized annual sales volume for refrigerants as the industry cycles through this A/C season and these market conditions.”

Mr. Zugibe continued, “In spite of the disappointing second quarter, we have good reason to remain very optimistic about our business. Demand for our reclamation services is growing and the number of pounds of refrigerant processed is up so far this year, as anticipated with the approach of the next phase of the federally mandated phase out in the production of new (virgin) HCFC refrigerants scheduled to commence in less than six months.