Last $10.93 USD
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As of 1:29 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

hardinge inc (HDNG) Key Developments

Hardinge Inc. Launching New Products at International Manufacturing Technology Show 2014

Hardinge Inc. announced that the company will exhibit its products and capabilities at IMTS -- International Manufacturing Technology Show 2014 being held at McCormick Place, Chicago from September 8 through September 13, 2014. Hardinge will introduce several new machine models as well as display numerous existing models in two booths: S-8738, located in the South Building and N-6936, located in the North Building. Hardinge will introduce the following new products at IMTS 2014: The company's newest turning center, the Hardinge CONQUEST H51 SUPER-PRECISION(R); The all-new Bridgeport CONQUEST V1000 vertical machining center; and Hardinge's newest specialty, cylindrical grinding machine, the Usach 75.

Hardinge Inc. Announces Executive Changes

On August 8, 2014, Edward J. Gaio was appointed as Corporate Controller of Hardinge Inc. Prior to such appointment, Mr. Gaio had been serving as the Company's Vice President - Business Development. Mr. Gaio has also been designated the company's Principal Accounting Officer succeeding Douglas J. Malone who continues to serve as the company's Vice President, Chief Financial Officer and Principal Financial Officer.

Hardinge Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Expenditure Guidance for the Year 2014

Hardinge Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported sales of $78,851,000 compared to $79,355,000 a year ago. Income from operations was $1,636,000 compared to $2,665,000 a year ago. Income from continuing operations before income taxes was $1,493,000 compared to $2,368,000 a year ago. Net income from continuing operations was $1,349,000 compared to $2,056,000 a year ago. Net income was $1,349,000 compared to $2,265,000 a year ago. Basic and diluted earnings per share were $0.11 compared to $0.19 a year ago. Basic and diluted earnings per share from continuing operations were $0.11 compared to $0.18 a year ago. Cash provided by operating activities was $1.4 million against $8.7 million a year ago. Capex was $0.8 million against $0.8 million a year ago. Adjusted net income was $1.4 million. Adjusted operating income was $1.7 million. For the six months, the company reported sales of $149,701,000 compared to $146,574,000 a year ago. Income from operations was $1,345,000 compared to $3,117,000 a year ago. Income from continuing operations before income taxes was $979,000 compared to $2,630,000 a year ago. Net income from continuing operations was $678,000 compared to $2,096,000 a year ago. Net income was $896,000 compared to $2,305,000 a year ago. Basic and diluted earnings per share were $0.07 compared to $0.20 a year ago. Net cash provided by operating activities was $353,000 compared to $2,009,000 a year ago. Capital expenditures were $1,124,000 compared to $1,627,000 a year ago. Basic and diluted earnings per share from continuing operations were $0.05 compared to $0.18 a year ago. The company expects capital expenditures to be in the $3 million to $5 million range for the year 2014.

Hardinge Inc. Presents at Midwest IDEAS Investor Conference 2014, Aug-26-2014 04:15 PM

Hardinge Inc. Presents at Midwest IDEAS Investor Conference 2014, Aug-26-2014 04:15 PM. Venue: Chicago Hard Rock Hotel, 230 N. Michigan Avenue, Chicago, Illinois, United States.

Hardinge Inc. Declares Quarterly Cash Dividend, Payable September 10, 2014

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 September 10, 2014 to stockholders of record at the close of business on September 2, 2014.

 

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