SUN HYDRAULICS CORPORATION (NASDAQ:SNHY) Files An 8-K Results of Operations and Financial ConditionItem 2.02.Results of Operations and Financial Condition.
On February 27, 2017, the Registrant issued the press release attached hereto as Exhibit 99.1 announcing its financial results for the fourth fiscal quarter of 2016 and the 2016 fiscal year.
Item 8.01.Other Events.
On February 27, 2017, the Registrant issued the press release attached hereto as Exhibit 99.1 announcing the declaration of a special shared distribution, including a cash dividend to shareholders of $0.02 per share to be paid on March 31, 2017, to all shareholders of record on March 15, 2017.
Item 9.01.Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press release dated February 27, 2017.
About SUN HYDRAULICS CORPORATION (NASDAQ:SNHY)
Sun Hydraulics Corporation (Sun) designs and manufactures screw-in hydraulic cartridge valves and manifolds, which control force, speed and motion as integral components in fluid power systems. The Company operates through manufacturing and distribution of hydraulic components segment. The Company, at components level, designs and manufactures screw-in hydraulic cartridge valves, manifolds, and integrates fluid power packages and subsystems for industrial and mobile markets. It is also engaged in power controls and vehicle technologies lines of business. The Company sells its products across the globe through subsidiaries and independent distributors. It has operations in the United States, England, Germany, France, South Korea, China and India. Sun’s standard cartridge valves and manifolds are offered in multiple versions and size ranges. Its subsidiaries include Sun Hydraulik Holdings Limited, Sun Hydraulics Korea Corporation, High Country Tek, Inc. and Enovation Controls, LLC. SUN HYDRAULICS CORPORATION (NASDAQ:SNHY) Recent Trading Information
SUN HYDRAULICS CORPORATION (NASDAQ:SNHY) closed its last trading session down -0.48 at 38.40 with 111,793 shares trading hands.
