Last $22.66 USD
Change Today -0.09 / -0.40%
Volume 7.7K
As of 5:20 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

handy & harman ltd (HNH) Snapshot

Open
$22.78
Previous Close
$22.75
Day High
$22.94
Day Low
$22.30
52 Week High
12/19/13 - $25.24
52 Week Low
05/2/13 - $13.90
Market Cap
297.9M
Average Volume 10 Days
13.3K
EPS TTM
$2.08
Shares Outstanding
13.1M
EX-Date
--
P/E TM
10.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for HANDY & HARMAN LTD (HNH)

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handy & harman ltd (HNH) Details

Handy & Harman Ltd. manufactures and sells engineered niche industrial products in the United States and internationally. Its Joining Materials segment fabricates precious metals and their alloys into brazing alloys, including gold, silver, palladium, copper, nickel, aluminum, and tin for use in electrical, appliance, transportation, construction, and general industrial industries. The company's Tubing segment provides seamless stainless steel tubing coils for petrochemical infrastructure and shipbuilding markets; small diameter coil tubing to the aerospace, defense, and semiconductor fabrication markets; and welded carbon steel tubing products for automotive, oil and gas, and heating, ventilation and cooling industries. Its Building Materials segment offers fasteners and fastening systems for the commercial low slope roofing industry; and engineered specialty fasteners for the building products industry. The company's Arlon Electronic Materials segment provides materials for the printed circuit board industry and silicone rubber-based insulation materials used in industrial, military/aerospace, consumer, and commercial markets, as well as supplies circuit substrate laminate materials and silicone rubber materials. Its Kasco Blades and Route Repair Services segment offers meat-room blade products, repair services, and resale products for the meat and deli departments of supermarkets, restaurants, meat and fish processing plants, and for distributors of electrical saws and cutting equipment; and wood cutting blade products for the pallet manufacturing, pallet recycler, and portable saw mill industries. The company sells its products and services through direct sales forces, distributors, and manufacturer's representatives to the construction, electronics, telecommunications, transportation, utility, medical, semiconductor, aerospace, aviation, military electronics, and food industries. Handy & Harman Ltd. was founded in 1852 and is based in White Plains, New York.

1,836 Employees
Last Reported Date: 02/28/14
Founded in 1852

handy & harman ltd (HNH) Top Compensated Officers

Vice Chairman and Principal Executive Officer
Total Annual Compensation: --
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: --
Senior Vice President, Director, Chief Execut...
Total Annual Compensation: $951.7K
Compensation as of Fiscal Year 2013.

handy & harman ltd (HNH) Key Developments

Handy & Harman Ltd. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the Full Year 2014 and the First Quarter of 2014

Handy & Harman Ltd. reported earnings results for the fourth quarter and full year ended December 31, 2013. The company reported net sales of $152.3 million for the quarter, as compared to $126.1 million for the same period in 2012. Income from continuing operations before tax and equity investment was $4.3 million in the fourth quarter of 2013, as compared to $3.8 million in the 2012 period. Net income for the fourth quarter of 2013 was $12.5 million or $0.95 per basic and diluted common share, as compared to net income of $4.5 million, or $0.34 per basic and diluted common share for the same period in 2012. The company generated adjusted EBITDA of $14.2 million for the fourth quarter of 2013, as compared to $12.3 million for the same period in 2012, an increase of $2.0 million, or 16.1%. Operating income was $5.6 million against $7.1 million a year ago. For the year ended December 31, 2013, net sales were $655.2 million, as compared to $579.5 million in 2012. Income from continuing operations before tax and equity investment was $38.1 million, as compared to $35.2 million in 2012. Net income for the year was $42.0 million or $3.17 per basic and diluted common share, as compared to net income of $26.5 million, or $2.03 per basic and diluted common share in 2012. Operating income was $51 million against $49.8 million a year ago. For the year, the company generated adjusted EBITDA of $77.5 million, as compared to $70.6 million in 2012, an increase of $7.0 million, or 9.9%. The company currently anticipates, based on current information, full-year 2014 net sales and adjusted EBITDA in the ranges of $648 million to $792 million, and $83 million to $101 million, respectively. The company's outlook for the first quarter of 2014 is for net sales between $145 million and $177 million and adjusted EBITDA between $14 million and $18 million.

Handy & Harman Ltd. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Provides Earnings Guidance for the Full Year 2013

Handy & Harman Ltd. announced earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported net sales of $171.9 million as compared to $144.6 million for the same period of 2012. Income from continuing operations before tax and equity investment was $14.0 million as compared to $7.3 million in the 2012 period. Net income was $9.6 million, or $0.73 per basic and diluted common share, as compared to net income of $5.9 million, or $0.45 per basic and diluted common share for the same period in 2012. Adjusted EBITDA was $21.4 million as compared to $18.5 million for the same period in 2012, an increase of $2.9 million, or 15.4%. Operating income was $16.249 million against $12.855 million a year ago. Income from continuing operations, net of tax was $6.739 million against $4.725 million a year ago. For the nine months, the company reported net sales of $502.9 million as compared to $453.4 million for the same period of 2012. Income from continuing operations before tax and equity investment was $33.9 million, as compared to $31.4 million in the 2012 period. Net income was $29.5 million, or $2.22 per basic and diluted common share, as compared to net income of $22.0 million, or $1.69 per basic and diluted common share for the same period in 2012. Adjusted EBITDA was $63.3 million, as compared to $58.3 million for the same period in 2012, an increase of $5.0 million, or 8.6%. Operating income was $45.412 million against $42.735 million a year ago. Income from continuing operations, net of tax was $15.422 million against $18.959 million a year ago. The company currently anticipates full-year 2013 net sales and adjusted EBITDA in the ranges of $637 million to $667 million, and $76 million to $82 million, respectively.

Handy & Harman Ltd. Announces Auditor Changes

On September 12, 2013, Handy & Harman Ltd. following a competitive bidding process, notified Grant Thornton LLP that the registrant was dismissing GT as its independent registered public accounting firm effective immediately. The Audit Committee of the Board of Directors of the registrant approved the dismissal. On September 12, 2013, the registrant engaged BDO USA LLP as the registrant's independent registered public accountant effective immediately. The engagement was approved by the Audit Committee of the Board of Directors of the registrant, and was made after a competitive bidding process and evaluation.

 

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HNH

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Valuation HNH Industry Range
Price/Earnings 10.7x
Price/Sales 0.5x
Price/Book 2.2x
Price/Cash Flow 7.1x
TEV/Sales 0.2x
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