hardinge inc (HDNG) Key Developments
Hardinge Inc.(NasdaqGS:HDNG) dropped from Russell 2000 Index
Jun 30 14
Hardinge Inc. will be removed from the Russell 2000 Index.
Hardinge Inc.(NasdaqGS:HDNG) dropped from Russell 3000 Index
Jun 30 14
Hardinge Inc. will be removed from the Russell 3000 Index.
Hardinge Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014; Provides Capital Expenditure Guidance for the Full Year of 2014
May 8 14
Hardinge Inc. reported unaudited consolidated financial results for the first quarter ended March 31, 2014. Net sales were up 5.4% to $70.9 million, compared with sales of $67.2 million in the prior year's first quarter. Net loss was $0.5 million, or $0.04 per diluted share. The prior year's first quarter net income was breakeven. Loss from operations was $0.3 million, compared with income from operations of $0.5 million in the prior-year period. Capital expenditures were $0.3 million in the 2014 first quarter. Loss from continuing operations before taxes was $514,000 against income from operation of $262,000 a year ago. Net cash used in operating activities was $998,000 against $6,691,000 a year ago.
Capital expenditures are expected to be in the $5 million to $6 million range for the year, primarily for general maintenance purposes. On a full year basis, the company expects a tax rate in the mid-teens.
Hardinge Inc. Declares Quarterly Cash Dividend, Payable June 10, 2014
May 6 14
Hardinge Inc. announced that its Board of Directors has approved payment of a regular quarterly cash dividend of $0.02 per common share. The dividend is payable June 10, 2014 to stockholders of record at the close of business on June 2, 2014.
Hardinge Inc. Presents at Houlihan Lokey 9th Annual Global Industrials Conference, May-22-2014
May 6 14
Hardinge Inc. Presents at Houlihan Lokey 9th Annual Global Industrials Conference, May-22-2014 . Venue: New York Marriott Marquis, 1535 Broadway, New York, NY 10036, United States.