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Sun Hydraulics (SNHY)
What's a screw-in hydraulic cartridge valve? For Sun Hydraulics, it's a hot growth business. The Sarasota (Fla.) company, whose high-tech valves and manifolds help control the fluid power systems in industrial machinery, serves customers around the world from production facilities in the U.S., Europe, and Asia. Sales rose 24% in 2005, hitting $116.8 million. And profits at the 36-year-old company have jumped an average of 106% over the past three years, to $12.8 million last year. The Nasdaq-traded company has been profitable every year since 1972, even during a sharp industry downturn in the early 2000s, and has paid a dividend every year since going public in 1997. Sun Hydraulics also says it's gaining market share in the $800 million screw-in hydraulic valve and manifold business. Half its business is now outside the U.S. Even though its share price, just above $20 in May, is far from its $32 peak last year, it has quadrupled in the last three years.
Company Info |
|
| 2005 Rank | NR |
| Market Value* ($ Millions) | 230.5 |
| Sales* ($ Millions) | 121.9 |
| Sales Growth (3-yr. avg. annual) |
23.0 % |
| Profits* ($ Millions) | 13.5 |
| Profit Growth (3-yr. avg. annual) | 105.5 % |
| Return on Inv. Capital (3-yr.) | 12.3 % |
| Share Price 12-Mo. Hi/Lo | 33/17 |
| Share Price As of 4/28/06 | 21 |
| Return on Equity | 22.1 % |
| P/E Ratio | 17 |
| No. of Employees | 737 |
| Industry | Industrial Machinery |
| CURRENT MARKET INFO | SNHY > |
| COMPANY WEB SITE > | |
| Location | Sarasota, Fla. |
| Phone | 941 362-1200 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Sun Hydraulics engages in the design and manufacture of screw-in hydraulic cartridge valves and manifolds worldwide. It offers screw-in hydraulic cartridge valves for flows from 1 to 400 gallons per minute and continuous operating pressures up to 5,000 pounds per square inch. The company also provides standard and catalogued manifolds that allow customers to integrate the company's screw-in cartridge valves into their systems in different ways; custom manifolds for a customer-specific application and combine different screw-in cartridge valves in a single package or multiple packages. Its products are used in a range of mobile applications, such as construction, agricultural, and utility equipment; and an array of industrial applications, including machine tools and material handling equipment. The company sells its products primarily through network of independent fluid power distributors in the United States, England, Germany, France, Korea, and China. Sun Hydraulics was founded by Robert E. Koski in 1970. The company is headquartered in Sarasota, Fla.
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