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Profit rises at Sun Hydraulics
| Profit rises at Sun Hydraulics |
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| May 7, 2008 | |
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The company reports a 33 percent increase in the first quarter
Sun Hydraulics Corp. (Nasdaq: SNHY) on Tuesday reported a first-quarter profit of $7.7 million, a 33 percent increase from net income of $5.8 million for the same period in 2007. Sales for the quarter were $49 million compared with $40.9 million in the first quarter of last year. Allen Carlson, Sun's CEO and president, said strong sales in North American, European and Asian/Pacific market drove up sales figures. Sun Hydraulics (www.sunhydraulics.com) designs and manufactures of high- performance, screw-in hydraulic cartridge valves and manifolds for worldwide industrial and mobile markets. |
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