Sun profits; SRI Surgical loses


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  • | 6:27 p.m. March 8, 2011
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Sun Hydraulics Corp.
SARASOTA — A 55% increase in annual revenues for Sarasota-based Sun Hydraulics Corp. (symbol: SNHY) led to strong percentage growth in both operating income and net income over the year.

As net sales increased from $97.4 million to $150.7 million, operating income grew from $2.1 million to $31.0 million, a 1,348% increase. And net income went up from $1.9 million to $21.4 million, a 1,053% gain.

CEO Allen Carlson admitted to being surprised by his company's success over the course of the year.

 

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