Shares of Sauer-Danfoss surged 28 percent on Thursday, a day after the maker of hydraulic and electronic systems for mobile equipment swung to a profit and forecast a strong 2011.
“Our backlogs have increased significantly from last year in all three regions, in total up 63 percent,” Chief Executive Sven Ruder said in a statement on Wednesday.
The company sees 2011 earnings of $3-$4 a share on revenue growth of 10-20 percent.
Shares of the Lincolnshire, Illinois-based company were trading up 27 percent at $38.43 on Thursday morning, making the stock the highest percentage gainer on the New York Stock Exchange.
