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HUTCHINSON TECHNOLOGY EXPECTS INCREASED FOURTH QUARTER RESULTS

 HUTCHINSON TECHNOLOGY EXPECTS INCREASED FOURTH QUARTER RESULTS
 HUTCHINSON, Minn., Oct. 5 /PRNewswire/ -- Hutchinson Technology Incorporated (NASDAQ-NMS: HTCH) today announced that it expects to report significantly increased net income for the fourth quarter of fiscal 1992 as compared to the fourth quarter of fiscal 1991.
 The company anticipates reporting that net income for the fourth quarter of fiscal 1992 will be within the range of $6,400,000 to $6,800,000, or $1.20 to $1.28 per share, compared to net income of $1,610,000 or 40 cents per share, for the fourth quarter of fiscal 1991. The foregoing net income and net income per share estimates for the 1992 quarter include $1,800,000 or 34 cents, respectively, resulting from a one-time reduction of income tax reserves upon conclusion of an examination by internal revenue agents. Net sales for the 1992 quarter are expected to be approximately $45,000,000, as compared to $35,848,000 for the fourth quarter of fiscal 1991.
 Net income for the 1992 fiscal year is expected to be within the range of $12,600,000 to $13,000,000, or $2.67 to $2.75 per share, on net sales of approximately $160,000,000, compared to net income of $4,499,000 or $1.12 per share, on net sales of $143,260,000 for fiscal 1991.
 Jeffrey W. Green, Hutchinson Technology's chairman and chief executive officer, noted that continued strong customer demand and improvements in the company's manufacturing efficiency had resulted in increased shipments of suspension assemblies. "We have been increasing our capacity so we can meet demand, and we have been adding tooling so we can better accommodate changes in customer priorities," said Green.
 Hutchinson Technology is the leading worldwide supplier of suspension assemblies for disk drives.
 -0- 10/5/92
 /CONTACT: John A. Ingleman, chief financial officer of Hutchinson Technology, 612-587-3797, or Chris Malacek of Mona, Meyer, McGrath & Gavin, 612-832-5000, for Hutchinson Technology/
 (HTCH) CO: Hutchinson Technology Incorporated ST: Minnesota IN: CPR SU: ERP


GK-TS -- NY014 -- 6413 10/05/92 08:33 EDT
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Publication:PR Newswire
Date:Oct 5, 1992
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