Last $4.48 USD
Change Today +0.01 / 0.22%
Volume 217.0K
As of 8:10 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

hutchinson tech (HTCH) Snapshot

Open
$4.50
Previous Close
$4.47
Day High
$4.54
Day Low
$4.37
52 Week High
08/25/14 - $4.74
52 Week Low
06/5/14 - $1.96
Market Cap
125.7M
Average Volume 10 Days
727.3K
EPS TTM
$-1.46
Shares Outstanding
28.1M
EX-Date
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P/E TM
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Dividend
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Dividend Yield
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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. 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. It operates in Thailand, Hong Kong, the Philippines, Malaysia, the United States, and internationally. The company was founded in 1965 and is headquartered in Hutchinson, Minnesota.

hutchinson tech (HTCH) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $385.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $256.9K
Vice President of Operations
Total Annual Compensation: $163.6K
Vice President of Human Resources
Total Annual Compensation: $169.7K
Compensation as of Fiscal Year 2013.

hutchinson tech (HTCH) Key Developments

Hutchinson Technology Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 29, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

Hutchinson Technology Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended June 29, 2014. For the quarter, the company reported net sales of $59.8 million on suspension assembly shipments of 97.5 million, down 4% from 101.7 million in the preceding quarter and compared to net sales of $61.3 million in second quarter of 2013. The company reported loss from operations of $7.4 million compared to $8.9 million, loss before income taxes of $11.2 million compared to $15.9 million, net loss of $11.2 million or $0.40 per diluted share compared to $15.9 million or $0.59 per diluted share, net loss – adjusted of $8.9 million or $0.32 per diluted share compared to $11.1 million or $0.41 per diluted share for the last year. Cash generated by operations totaled $500,000, and capital spending totaled $2.9 million, resulting in negative free cash flow of $2.4 million. For the nine months, the company reported net sales of $190.8 million $185.9 million, loss from operations of $22.1 million compared to $14.1 million, loss before income taxes of $36.0 million compared to $20.6 million, net loss of $35.3 million or $1.26 per diluted share compared to $20.5 million or $0.81 per diluted share, cash provided by operating activities of $0.3 million compared $3.1 million and capital expenditures of $13.4 million compared $15.1 million for the last year. The company expects fourth quarter gross margin and volume growth to increase compared to the third quarter as higher shipments and the benefits of cost reductions are partially offset by a reduction of finished goods inventories. Company’s tax rate is expected to be near 0 in fiscal 2014. Fiscal 2014 capital expenditures, which are primarily for customer specific-program tooling and DSA manufacturing equipment, should total about $20 million.

Hutchinson Technology Inc., Q3 2014 Earnings Call, Aug 01, 2014

Hutchinson Technology Inc., Q3 2014 Earnings Call, Aug 01, 2014

Hutchinson Technology Inc. to Report Q3, 2014 Results on Aug 01, 2014

Hutchinson Technology Inc. announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Aug 01, 2014

 

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