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Hutchinson Technology CEO Discusses F1Q2012 Results - Earnings Call Transcript

Stocks in this article: HTCH

Hutchinson Technology, Inc. ( HTCH)

F1Q2012 Earnings Conference Call

January 24, 2012 5:00 PM ET

Executives

Charles Ives – Director of Investor Relations and Treasurer

Wayne Fortun – President and Chief Executive Officer

Rick Penn – Senior Vice President and President of the Disk Drive Components Division

Dave Radloff – Vice President and Chief Financial Officer

Analysts

Sherri Scribner – Deutsche Bank

Richard Kugele – Needham & Company

Matt Swope – Gleacher Securities

Tom Lewis – High Road Value Research

Mark Miller – Noble Financial

Shawn Boyd – Westcliff Capital Management

Presentation

Operator

Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to the Hutchinson Technology first quarter results conference call.

During today's presentation, all parties will be in a listen-only mode. And following the presentation, the conference will be open for questions. (Operator instructions) This conference is being recorded today, Tuesday, January 24th, 2011.

I would now like to turn the conference over to Mr. Charles Ives, Treasurer and Director of Investor Relations. Please go ahead.

Charles Ives

Good afternoon, everyone. Welcome to our first quarter results conference call. On the call with me today are Wayne Fortun, our Chief Executive Officer; Rick Penn, President of our Disk Drive Components Division; and Dave Radloff, our Chief Financial Officer.

Wayne will provide an overview of the business, Rick will provide an update on our Disk Drive Components Division, and Dave will speak to our financial results and guidance.

As a reminder, we will be providing forward-looking information on demand for and shipments of disk drives and the company's products, product mix, pricing, production capabilities, assembly operations in Thailand, the impact of flooding in Thailand, capital spending, product costs, operating expenses, product commercialization and adoption, manufacturing, consolidation and restructuring and the company's cost structure, operating performance and financial results.

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