Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $2.18 USD
Change Today +0.21 / 10.66%
Volume 129.6K
HTCH On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 05/4/15 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 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

Hutchinson Technology Inc., Q2 2015 Earnings Call, Apr 30, 2015

Hutchinson Technology Inc., Q2 2015 Earnings Call, Apr 30, 2015

Hutchinson Technology Inc. Announces Preliminary Sales Results for the Second Quarter Ended March 29, 2015

Hutchinson Technology Inc. announced preliminary sales results for the second quarter ended March 29, 2015. Net sales for the quarter totaled approximately $62 million, compared with $72.4 million in the preceding quarter.

Hutchinson Technology Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2015

Hutchinson Technology Inc. provided earnings guidance for the second quarter and full year of 2015. For the second quarter, the company expects interest expense to be $3.7 million in the second quarter, including $400,000 of noncash interest, and then decline to a $3.3 million per quarter beginning in third quarter, including $300,000 in noncash interest expense. For the year 2015, the company estimates that fiscal 2015 capital expenditures will total about $20 million. Tax rate in fiscal 2015 should be near zero. Depreciation and amortization is expected to be $7.5 million to $8 million per quarter in the remainder of the fiscal 2015.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
HTCH:US $2.18 USD +0.21

HTCH Competitors

Market data is delayed at least 15 minutes.

Company Last Change
General Electric Co $27.27 USD -0.04
Koninklijke Philips NV €25.20 EUR -0.245
Masimo Corp $34.60 USD +0.43
Suncall Corp ¥651.00 JPY +3.00
View Industry Companies
 

Industry Analysis

HTCH

Industry Average

Valuation HTCH Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact HUTCHINSON TECH, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.