Sun Hydraulics (SNHY) Misses Q1 EPS by 2c

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Go back to Sun Hydraulics (SNHY) Misses Q1 EPS by 2c

Sun Hydraulics Reports First Quarter Sales of $54 Million and Earnings of $0.39 per Share

May 4, 2015 5:00 PM EDT

SARASOTA, FL -- (Marketwired) -- 05/04/15 -- Sun Hydraulics Corporation (NASDAQ: SNHY) today reported financial results for the first quarter of 2015 as follows:

March 28, 2015 March 29, 2014 Increase/(Decrease) Three Months Ended Net sales $ 54.4 $ 56.8 (4)% Net income $ 10.4 $ 11.4 (9)% Net income per share: Basic $ 0.39 $ 0.43 (9)% Diluted $ 0.39 $ 0.43 (9)%

"Strengthening of the U.S. Dollar challenged our first quarter results, reducing sales by $1.5M over last year and shrinking gross profit from 42% to 39%," said Allen Carlson, Sun's President and CEO. "On the cash side, U.S. Dollars held in Europe provided a foreign currency gain of $900K for... More