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.
Seasonally Lower Volume and Higher OIS Development Costs Reduce Profitability
HUTCHINSON, Minn., April 30, 2015 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (Nasdaq:HTCH) today reported a net loss of $9.7 million, or $0.29 per share, on net sales of $62.4 million, for its fiscal second quarter ended March 29, 2015. The net loss included $430,000 of non-cash interest expense and a $140,000 foreign currency gain. Excluding these items, the company's net loss for the fiscal 2015 second q...
HUTCHINSON, Minn., April 13, 2015 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (Nasdaq:HTCH) today announced it will report fiscal 2015 second quarter financial results on Thursday, April 30, 2015, after the market close. 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 archived...
HUTCHINSON, Minn., April 1, 2015 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (Nasdaq:HTCH) today reported preliminary results for its fiscal 2015 second quarter ended March 29, 2015. The company shipped approximately 101 million suspension assemblies in the fiscal 2015 second quarter, down 17% from 121.7 million in the preceding quarter. Rick Penn, Hutchinson Technology's president and chief executive officer, said that demand was below the company's expectations due to weakness in th...
Gross Profit Up on Increased Volume and Improved Operating Performance
HUTCHINSON, Minn., Jan. 28, 2015 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (Nasdaq:HTCH) today reported a net loss of $9.9 million, or $0.32 per share, on net sales of $72.4 million for its fiscal 2015 first quarter ended December 28, 2014. The net loss included a $4.3 million loss on debt extinguishment, $860,000 of non-cash interest expense, $640,000 of foreign currency losses and $160,000 of site consolidatio...
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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.