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Last $1.82 USD
Change Today +0.37 / 25.52%
Volume 1.0M
HTCH On Other Exchanges
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Frankfurt
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

hutchinson tech (HTCH) Key Developments

Hutchinson Technology Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 28, 2015

Hutchinson Technology Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended June 28, 2015. For the quarter, the company has posted net sales of $54,675,000 against $59,772,000 a year ago. Loss from operations was $6,062,000 against $7,412,000 a year ago. Loss before income tax was $10,145,000 against $11,192,000 a year ago. Net loss was $10,160,000 or $0.30 basic and diluted per share against $11,207,000 or $0.40 basic and diluted per share a year ago. For the nine months, the company has posted net sales of $189,457,000 against $190,783,000 a year ago. Loss from operations was $29,860,000 against $36,035,000 a year ago. Net loss was $29,762,000 or $0.92 basic and diluted per share against $35,259,000 or $1.26 basic and diluted per share a year ago. Cash provided by operating activities was $10,852,000 against $342,000 a year ago. Capital expenditures were $17,344,000 against $13,396,000 a year ago.

Hutchinson Technology Inc. to Report Q3, 2015 Results on Jul 30, 2015

Hutchinson Technology Inc. announced that they will report Q3, 2015 results at 5:00 PM, US Eastern Standard Time on Jul 30, 2015

Hutchinson Technology Inc., Q3 2015 Earnings Call, Jul 30, 2015

Hutchinson Technology Inc., Q3 2015 Earnings Call, Jul 30, 2015

Hutchinson Technology Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 29, 2015; Provides Earnings Guidance for the Third Quarter of 2015 and Fiscal Year of 2015

Hutchinson Technology Inc. reported unaudited consolidated earnings results for the second quarter and six months ended March 29, 2015. For the quarter, the company reported net sales of $62,359,000 compared to $60,699,000 a year ago. Loss from operations was $6,683,000 compared to $5,388,000 a year ago. Loss before income taxes was $9,671,000 compared to $8,681,000 a year ago. Net loss was $9,703,000 compared to $8,706,000 a year ago. Basic and diluted net loss per share was $0.29 compared to $0.31 a year ago. Adjusted net loss was $9,411,000 compared to $7,798,000 a year ago. Non-GAAP basic and diluted net loss per share was $0.29 compared to $0.31 a year ago. Adjusted basic and diluted net loss per share was $0.28 compared to $0.28 a year ago. Cash generated by operations totaled $15.6 million and included $16.2 million in favorable working capital changes. Capital spending in the quarter totaled $8.2 million resulting in free cash flow of $7.3 million. For the six months, the company reported net sales of $134,782,000 compared to $131,011,000 a year ago. Loss from operations was $7,405,000 compared to $14,725,000 a year ago. Loss before income taxes was $19,715,000 compared to $24,843,000 a year ago. Net loss was $19,602,000 compared to $24,052,000 a year ago. Basic and diluted net loss per share was $0.61 compared to $0.86 a year ago. Cash provided by operating activities was $18,697,000 compared to net cash used in operating activities of $188,000 a year ago. Capital expenditures were $14,505,000 compared to $10,480,000 a year ago. The company currently expects fiscal 2015 third quarter suspension assembly shipments to be down approximately 10% compared with the second quarter and average selling price to be 58 to 59 cents per part. Due to the lower volume, third quarter gross profit is also expected to decline compared to the second quarter. For the fiscal year of 2015, the company expects tax rate should be near 0. The company estimates capital expenditures will total around $20 million. Depreciation and amortization is expected to be about $8.5 million per quarter for the remainder of fiscal 2015.

Hutchinson Technology Inc. to Report Q2, 2015 Results on Apr 30, 2015

Hutchinson Technology Inc. announced that they will report Q2, 2015 results at 5:00 PM, US Eastern Standard Time on Apr 30, 2015

 

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HTCH

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Price/Earnings NM Not Meaningful
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Price/Book 0.7x
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