Sun Hydraulics Corporation Q1 2010 Earnings Call Transcript

Sun Hydraulics Corporation (SNHY)

Q1 2010 Earnings Call Transcript

May 11, 2010 9:00 am ET

Executives

Richard Arter – IR

Allen Carlson – President & CEO

Tricia Fulton – CFO

Analysts

Robert McCarthy – Robert W. Baird

Joe Mondillo – Sidoti & Company

Kristine Kubacki – Avondale Partners

Jon Braatz – Kansas Capital

Presentation

Operator

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Good day, ladies and gentlemen, and welcome to the Sun Hydraulics first quarter 2010 conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions on how to participate will be given at that time. As a reminder, today's conference call is being recorded.

I would now like to turn the conference over to your host, Mr. Richard Arter. Please go ahead.

Richard Arter

Thank you. Good morning, everybody. Allen Carlson, Sun's President and Chief Executive Officer and Tricia Fulton, Sun's Chief Financial Officer, are presenting – are participating, excuse me, in today's call. Allen is joining us from Shanghai, China and right now we've got a great connection. We're going to hope that goes through the rest of the call.

Please be aware that any statements made in today's presentation that are not historical facts are considered forward-looking statements. For more information on forward-looking statements, please see yesterday's press release. We will take questions once we have completed our prepared remarks.

Before we begin, I would like to remind everyone that Sun Hydraulics' Annual Meeting of Shareholders will be held on Tuesday, June 8, in Sarasota, Florida beginning at 10 AM. You can see the investor relations area of our website for more information. It is now my pleasure to introduce Allen Carlson.