Last $11.98 USD
Change Today -0.02 / -0.17%
Volume 16.3K
HDNG On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

hardinge inc (HDNG) Snapshot

Open
$11.84
Previous Close
$12.00
Day High
$12.26
Day Low
$11.82
52 Week High
03/10/14 - $15.02
52 Week Low
10/13/14 - $9.70
Market Cap
153.6M
Average Volume 10 Days
28.8K
EPS TTM
$0.23
Shares Outstanding
12.8M
EX-Date
11/26/14
P/E TM
52.5x
Dividend
$0.08
Dividend Yield
0.67%
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, Se...
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. Appoints Brooke Sykes, Jr. as Sales and Service Director for the North American Turning & Milling Group, Effective on or About December 8, 2014

Hardinge Inc. announced that Brooke Sykes, Jr. will join the company as the new sales and service director for the North American Turning & Milling Group. Sykes will report to James P. Langa, the president of the Turning/Milling Group. Sykes comes to the company with 30 plus years of progressively responsible experience in sales, sales management, and executive leadership in the machine tool industry. Brooke began his career with J&H Machine Tools (Charlotte, NC) and most recently held the position of president of DMG Mori Ellison Technologies, TN Division. He will officially join Hardinge on or about December 8, 2014.

Axion Power International, Inc. Appoints Charles Trego as the Permanent Chief Financial Officer

Axion Power International Inc. announced its Finance Executive Charles Trego is appointed as the permanent chief financial officer of the company, effective immediately. Trego was also the company's interim CFO, since Stephen Graham's resignation in March. He has previously served as CFO of Axion during April 2010 and July 2013.

Hardinge Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Unaudited Consolidated Impairment Charges for the Third Quarter Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter 2014

Hardinge Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's sales was $68,924,000 against $79,784,000 a year ago. Loss from operations was $6,878,000 against profit of $2,568,000 a year ago. Loss from continuing operations before income taxes was $7,034,000 against profit of $2,257,000 a year ago. Net loss from continuing operations was $7,578,000 or $0.60 basic and diluted per share against profit of $1,173,000 or $0.13 basic and diluted per share a year ago. Net loss was $7,578,000 or $0.60 basic and diluted per share against profit of $1,479,000 or $0.13 basic and diluted per share a year ago. Non-GAAP operating loss as adjusted was $1,574,000 against profit of $3,457,000 a year ago. Non-GAAP net loss as adjusted was $2,603,000 or $0.20 diluted per share against $2,062,000 or $0.17 diluted per share a year ago. For the nine months, the company's sales was $218,625,000 against $226,358,000 a year ago. Loss from operations was $5,533,000 against profit of $5,685,000 a year ago. Loss from continuing operations before income taxes was $6,055,000 against profit of $4,887,000 a year ago. Net loss from continuing operations was $6,900,000 or $0.53 basic and diluted per share against profit of $3,269,000 or $0.32 basic and diluted per share a year ago. Net loss was $6,682,000 or $0.53 basic and diluted per share against profit of $3,784,000 or $0.32 basic and diluted per share a year ago. Net cash used in operating activities was $837,000 against net cash provided by operating activities of $8,434,000 a year ago. Capital expenditures were $1,830,000 against profit of $2,192,000 a year ago. Non-GAAP operating loss as adjusted was $143,000 against profit of $8,897,000 a year ago. Non-GAAP net loss as adjusted was $1,839,000 or $0.15 diluted per share against $6,481,000 or $0.55 diluted per share a year ago. For the quarter, the company's impairment charges was $5.8 million. For the fourth quarter 2014, the company expects sales of $85 million to $90 million and strong profitability.

 

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