Hutchinson Technology designs and produces critical component technologies. As a world-class precision manufacturing partner, we provide customers with industry- leading product and process development, cost-effective, high-volume production, and unequaled focus on quality.
In the smartphone camera market, our shape memory alloy (SMA) optical image stabilization (OIS) actuator helps improve picture and video quality, particularly in low- light conditions, and offers performance, size, and cost size advantages.
Through our new business development initiatives, we continue to leverage our unique precision manufacturing capabilities to produce components and sub-assemblies for new market segments.
Cash Balance Increases on Favorable Changes in Working Capital
HUTCHINSON, Minn., Jan. 25, 2016 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ:HTCH) today reported net sales of $63.9 million for its fiscal 2016 first quarter ended December 27, 2015. Suspension assembly shipments for the quarter totaled 106.6 million, compared with 105.4 million in the preceding quarter.
Gross profit in the fiscal 2016 first quarter totaled $11.7 million, or 18.3% of net sales, up from $7.5...
HUTCHINSON, Minn., Jan. 14, 2016 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ:HTCH) today announced it will report fiscal 2016 first quarter financial results on Monday, January 25, 2016, before the open of the market. No conference call will be held.
About Hutchinson Technology
Hutchinson Technology is a global supplier of critical precision component technologies. As a key supplier of suspension assemblies for disk drives, we help customers improve overall disk drive ...
Gross Profit Improves on 22% Sequential Volume Growth
HUTCHINSON, Minn., Nov. 2, 2015 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ:HTCH) today reported net sales of $63.4 million for its fiscal fourth quarter ended September 27, 2015. Suspension assembly shipments for the quarter totaled 105.4 million, up 22% from 86.6 million in the preceding quarter.
"As we expected, overall demand for suspension assemblies grew in what is typically a seasonally stronger period for di...
Hutchinson Technology Shareholders to Receive Up to US$4.00 in Cash Per Share
TOKYO and HUTCHINSON, Minn., Nov. 2, 2015 (GLOBE NEWSWIRE) -- TDK Corporation ("TDK") and Hutchinson Technology Incorporated (NASDAQ:HTCH) ("HTI") today jointly announced that they have entered into a definitive merger agreement under which TDK will acquire all of the outstanding shares of common stock of HTI for base consideration of US$3.62 per share, plus additional consideration of up to US$0.38 per share, dependi...
Hutchinson Technology is a global technology leader committed to creating value by developing solutions to critical customer problems. Our culture of quality, continuous improvement, superior innovation and a relentless focus on the fundamentals enables us to lead in the markets we serve.