Sun Hydraulics Is Investing More in Growth in 2017

Sun Hydraulics Is Investing More in Growth in 2017

Sun Hydraulics Corporation (NASDAQ: SNHY) reported earnings after the market closed on Monday, and it didn't disappoint investors. Growth in demand for hydraulic and industrial electronics products is strong, margins are up, and if not for some acquisition costs, net income would have doubled as well. 

The bullish earnings trend also has management eyeing its next manufacturing expansion, which should help drive future growth. Here are the highlights from a transitional quarter for Sun Hydraulics. 

Image source: Getty Images.

Continue reading

Source: Fool.com