Sun Hydraulics (SNHY) Reports In-Line Q2 EPS
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Sun Hydraulics Reports 2015 Second Quarter Results
August 3, 2015 5:00 PM EDTSARASOTA, FL -- (Marketwired) -- 08/03/15 -- Sun Hydraulics Corporation (NASDAQ: SNHY) today reported financial results for the second quarter of 2015 as follows:
June 27, 2015 June 28, 2014 Increase/(Decrease) Three Months Ended Net sales $ 54.0 $ 61.1 (12)% Net income $ 9.2 $ 12.2 (25)% Net income per share: Basic $ 0.35 $ 0.46 (24)% Diluted $ 0.35 $ 0.46 (24)% Six Months Ended Net sales $108.4 $117.9 (8)% Net income $ 19.6 $ 23.6 (17)% Net income per share: Basic $ 0.74 $ 0.89 (17)% Diluted $ 0.74 $ 0.89 (17)%
"Second quarter sales were consistent with our expectations," said Allen Carlson, Sun's President and CEO. "The global business climate continues to be difficult. Unfavorable fluctuations in demand and currency rates impacted Q2 performance in all geographic... More
