Low Manufacturing Yields Contribute to Loss
HUTCHINSON, Minn., Oct. 31, 2013 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (Nasdaq:HTCH) today reported suspension assembly shipments of 102.6 million for its fiscal fourth quarter ended September 29, 2013, up from 99.3 million in the preceding quarter. The company reported a net loss of $14.6 million, or $0.53 per share, on net sales of $63.7 million. The net loss for the fiscal 2013 fourth quarter included a $1.7 million impairment of B...
HUTCHINSON, Minn., Oct. 17, 2013 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (Nasdaq:HTCH) today announced it will report fiscal 2013 fourth quarter financial results on Thursday, October 31, 2013, after the close of the market. A subsequent conference call for the investment community will take place at 5:00 p.m. Eastern Time (4:00 p.m. Central Time).
Individual investors and news media may participate in the conference call via a webcast, which will be accessible live and on an ...
HUTCHINSON, Minn., Sept. 23, 2013 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (Nasdaq:HTCH) announced today that it will participate in the following investor conference:
4th Annual Craig-Hallum Alpha Select Conference
Thursday, September 26, 2013
Presentation – 8:00 a.m. ET
New York, NY
Live and archived webcasts of the event can...
Gross Profit Declines Sequentially on Lower Leverage and Temporary Operating Inefficiency
Improved Financial Performance Expected in the Fourth Quarter
HUTCHINSON, Minn., July 25, 2013 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (Nasdaq:HTCH) today reported suspension assembly shipments of 99.3 million for its fiscal third quarter ended June 30, 2013, up from 98.9 million in the preceding quarter and in line with the company's expectations. The company reported a net loss of ...
Hutchinson Technology is a global technology manufacturer 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 is the source of our competitive advantage.
We are a key worldwide supplier of suspension assemblies for hard disk drives. Suspension assemblies are precise electro-mechanical components that hold a disk drive’s read/write head at microscopic distances above the drive’s disks. Our innovative product solutions help customers improve yields, increase reliability and enhance disk drive performance, thereby increasing the value they derive from our products.
We are focused on bringing to market our noninvasive InSpectra™ StO2 devices, which helps clinicians reduce risks and costs by enabling faster and more precise assessment of oxygen delivery to vital organs and tissue.
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.