SARASOTA, FL--(Marketwired - Jan 27, 2016) - Sun Hydraulics Corporation (
"2015 revenues were consistent with our expectations, ending a difficult year," reported Allen Carlson, Sun's President and CEO. "The year was overshadowed by economic headwinds and challenging end markets. While economic indicators are adverse, we remain optimistic about the opportunities that lie ahead."
"Sun's focus remains on investments to drive future growth," added Carlson. "Market share gains are made in the beginning of the business cycle and preparation requires planning and investment at the bottom of the cycle. When the cycle turns, we will be positioned to respond. Our investment focus includes:
"While the weak global economy is expected to impact sales for the immediate future," concluded Carlson, "our focus remains on the long-term. We are working to outgrow the industry and gain market share through Sun's proven ability to provide unique and innovative solutions combined with exceptional customer service. As the current macroeconomic environment improves, Sun will be well positioned."
Earnings Release
Sun Hydraulics will announce its full 2015 fourth quarter and year-end financial results after market close on Monday, February 29, 2016. The conference call with analysts will take place at 9:00 am ET on Tuesday, March 1, 2016. The conference call will be webcast and can be accessed via the Investor Relations section of the Company website (www.sunhydraulics.com), where dial in information is also posted.