Sun Hydraulics (SNHY) Reports Q2 EPS of $0.43, Revenues Miss; Boosts FY18 Revenue Outlook Above Consensus

Sun Hydraulics (NASDAQ: SNHY) reported Q2 EPS of $0.43, versus $0.55 reported last year. Revenue for the quarter came in at $136.2 million versus the consensus estimate of $139.8 million.

Mr. Dangel stated, “Our organic businesses and the Faster Group remain on track with the revenue expectations we previously reported. However, the addition of Custom Fluidpower has resulted in an increase to our revenue guidance as well as some of our other metrics. Additionally, we are adjusting our consolidated operating margin guidance modestly.”

GUIDANCE:

Sun Hydraulics sees FY2018 revenue of $510-525 million, versus the consensus of $494.71 million.

For earnings history and earnings-related data on Sun Hydraulics (SNHY) click here.

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