Sun Hydraulics Corp. reported first quarter income of $9.6 million, or $0.37 per share, compared to $10.6 million, or $0.41 per share, in the same quarter a year ago.
Revenue dropped 8 percent, from $55.3 million a year ago to $51.1 million.
Although sales were down, they were in line with company expectation and part of a normal seasonal pattern, Allen Carlson, Sun Hydraulics’ president and CEO, said in a statement.
Based in Sarasota, Sun Hydraulics (NASDAQ: SNHY) designs and manufactures screw-in…
Sun Hydraulics Corp. reported first quarter income of $9.6 million, or $0.37 per share, compared to $10.6 million, or $0.41 per share, in the same quarter a year ago.
Revenue dropped 8 percent, from $55.3 million a year ago to $51.1 million.
Although sales were down, they were in line with company expectation and part of a normal seasonal pattern, Allen Carlson, Sun Hydraulics’ president and CEO, said in a statement.
Based in Sarasota, Sun Hydraulics (NASDAQ: SNHY) designs and manufactures screw-in…