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Last $2.80 USD
Change Today +0.12 / 4.48%
Volume 139.2K
HTCH On Other Exchanges
As of 8:10 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

hutchinson tech (HTCH) Snapshot

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52 Week High
08/29/14 - $4.85
52 Week Low
06/5/14 - $1.96
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Current Stock Chart for HUTCHINSON TECH (HTCH)

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hutchinson tech (HTCH) Details

Hutchinson Technology Incorporated researches, designs, develops, manufactures, and supplies suspension assemblies for hard disk drives in Thailand, Hong Kong, the Philippines, Malaysia, the United States, and internationally. The company’s suspension assemblies are components in computers, and various consumer electronics and enterprise storage products. It also offers disk drive industry-related engineering services and specific disk drive program capacity, and biomeasurement products. The company sells its suspension assemblies to original equipment manufacturers and subassemblers. Hutchinson Technology Incorporated was founded in 1965 and is headquartered in Hutchinson, Minnesota.

2,489 Employees
Last Reported Date: 12/10/14
Founded in 1965

hutchinson tech (HTCH) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $420.2K
Chief Financial Officer and Vice President
Total Annual Compensation: $283.0K
Vice President of Operations
Total Annual Compensation: $209.9K
Vice President of Human Resources
Total Annual Compensation: $187.3K
Vice President of Engineering
Total Annual Compensation: $187.5K
Compensation as of Fiscal Year 2014.

hutchinson tech (HTCH) Key Developments

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.

Hutchinson Technology Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended December 28, 2014

Hutchinson Technology Inc. reported unaudited consolidated financial results for the first quarter ended December 28, 2014. For the quarter, the company reported net sales of $72,423,000 against $70,312,000 a year ago. Loss from operations was $721,000 against $9,337,000 a year ago. Loss before income taxes was $10,043,000 against $16,162,000 a year ago. Net loss was $9,898,000 or $0.32 per basic and diluted share against $15,436,000 or $0.55 per basic and diluted share a year ago. Cash provided by operating activities was $3,142,000 against $1,999,000 a year ago. Capital expenditures were $6,285,000 against $7,413,000 a year ago. Adjusted net loss was $3,923,000 or $0.13 per basic and diluted share against $7,172,000 or $0.26 per basic and diluted share a year ago.


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