This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Hutchinson Technology CEO Discusses F4Q2011 Results - Earnings Call Transcript

Before we can assess the financial impact of our recovery effort in any insurance proceeds, we need the floodwaters to recede so we can fully evaluate the damage to our operations in Thailand. This is expected to take several weeks.

In addition to the impact on our operations, the flooding in Thailand is temporarily suppressing overall production capacity of the hard disk drive supply chain and this is resulting in a material decrease in our suspension assembly demand.

Now, I’ll turn it over to Rick for a recap of the disk drive components division’s fourth quarter.

Ric k Penn

Thanks, Wayne. During our fiscal 2011 fourth quarter, we shipped 127.4 million suspension assemblies, up 8% from 117.9 million in the preceding quarter. For the quarter, our mix of products shipped was follows. Suspensions for 3.5-inch ATA applications increased 3% sequentially and accounted for 55% of our shipments compared with 58% in the preceding quarter.

Shipments for mobile applications increased 51% sequentially and accounted for 27% of our shipments, up from 90% in the preceding quarter, and shipments for enterprise applications decreased 16% sequentially and accounted for 18% of our shipments compared to a 23% in the preceding quarter.

Average selling price in the fourth quarter was $0.58, compared with $0.59 in the preceding quarter. Our fourth quarter shipments of TSA+ suspensions increased 27% sequentially to 76.2 million and accounted for 60% of our fourth quarter shipments, compared with 51% in the preceding quarter.

And despite a sequential reduction in flexure production, our TSA+ cost per flexure declined 7% in the fourth quarter, as we successfully consolidated our TSA+ equipment into our Eau Claire operations.

Read the rest of this transcript for free on

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs