Last $11.01 USD
Change Today -0.14 / -1.26%
Volume 48.6K
HDNG On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

hardinge inc (HDNG) Snapshot

Open
$11.04
Previous Close
$11.15
Day High
$11.05
Day Low
$10.95
52 Week High
09/24/13 - $16.03
52 Week Low
09/17/14 - $10.90
Market Cap
141.2M
Average Volume 10 Days
31.9K
EPS TTM
$0.79
Shares Outstanding
12.8M
EX-Date
08/28/14
P/E TM
13.9x
Dividend
$0.08
Dividend Yield
0.73%
Current Stock Chart for HARDINGE INC (HDNG)

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hardinge inc (HDNG) Details

Hardinge Inc., together with its subsidiaries, designs, manufactures, and distributes machine tools primarily in North America, Europe, and Asia. The company operates in two segments, Metalcutting Machine Solutions and Aftermarket Tooling and Accessories. It offers computer-numerically controlled cutting lathes, machining centers, grinding machines, collets, chucks, index fixtures, and other industrial products, as well as engineers and supplies high precision, standard, and specialty workholding devices, and other machine tool accessories for companies making parts from hard to machine materials, and small and medium-sized independent job shops. The company's turning machines, or lathes, are power-driven machines used to remove material from either bar stock or a rough-formed part by moving multiple cutting tools against the surface of a part rotating at very high speeds in a spindle mechanism; grinding machines are used to finish parts of various shapes and sizes; and machining centers are used to remove materials from stationary, prismatic, or box-like parts of various shapes. It also provides post-sale support services, including operation and maintenance training, in-field maintenance, and in-field repair. The company serves aerospace, automotive, computer, communications, consumer-electronics, construction equipment, defense, energy, farm equipment, medical equipment, recreational equipment, and transportation industries. Hardinge Inc. sells its products through distributors, agents, and manufacturers’ representatives. The company was founded in 1890 and is headquartered in Elmira, New York.

1,445 Employees
Last Reported Date: 03/13/14
Founded in 1890

hardinge inc (HDNG) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $416.3K
Chief Financial Officer and Vice President
Total Annual Compensation: $175.0K
Senior Vice President of Asian Operations and...
Total Annual Compensation: $260.0K
Principal Accounting Officer and Corporate Co...
Total Annual Compensation: $235.0K
Senior Vice President of Administration and A...
Total Annual Compensation: $195.2K
Compensation as of Fiscal Year 2013.

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.

 

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HDNG

Industry Average

Valuation HDNG Industry Range
Price/Earnings 46.4x
Price/Sales 0.4x
Price/Book 0.7x
Price/Cash Flow 16.8x
TEV/Sales 0.3x
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