Last $11.07 USD
Change Today +0.06 / 0.54%
Volume 11.5K
HDNG On Other Exchanges
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As of 2:03 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

One Hardinge Drive

Elmira, NY 14902

United States

Phone: 607-734-2281

Fax:

Hardinge Inc. operates as a designer, manufacturer, and distributor of machine tools, specializing in precision computer numerically controlled metalcutting machines and workholding technology solutions worldwide. Products The company supplies high precision computer controlled metalcutting turning machines, grinding machines, machining centers, and repair parts related to those machines. The company also engineers and supplies high precision, standard and specialty workholding devices, and other machine tool accessories. Segments The company has two business segments, Metalcutting Machine Solutions (MMS) and Aftermarket Tooling and Accessories (ATA). MMS This segment includes operations related to grinding, turning, and milling and related repair parts. The company is a manufacturer of industrial-use high precision and general precision turning machine tools. 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 high speeds in a spindle mechanism. The multi-directional movement of the cutting tools allows the part to be shaped to the desired dimensions. Grinding machines could be used to finish parts of various shapes and sizes. The grinding machines of the company’s L. Kellenberger & Co. AG (Kellenberger) subsidiary are used to grind the inside and outside diameters of cylindrical parts. Such grinding machines are used to provide a finish on a part that has been partially completed on a lathe. The Kellenberger grinding machines are purchased by the same type of customers as other Hardinge equipment and further its ability to be a primary source for its customers. The company’s Kellenberger precision grinding technology is complemented by its Hauser, Tschudin, and Jones & Shipman grinding brands. Hauser machines are jig grinders used to make demanding contour components, primarily for tool and mold-making applications. Tschudin product technology is focused on the specialized grinding of cylindrical parts when the customer requires high volume production. The company’s Tschudin machines are equipped with automatic loading and unloading mechanisms for the part being machined. The company’s Jones & Shipman brand represents a line of grinding (surface, creep feed, and cylindrical) machines. These super-abrasive machines and machining systems are used by a range of industries. The company owns Usach Technologies, Inc. (Usach), an Illinois-based manufacturer of custom built high precision internal and external grinding machines and systems. The acquisition of Usach complements and improves its grinding product portfolio. Machining centers are designed to remove material from stationary, prismatic or box-like parts of various shapes with rotating tools that are capable of milling, drilling, tapping, reaming, and routing. The company supplies a line of machining centers under its Bridgeport brand name addressing a range of sizes, speeds, and powers. The company’s machines are computer controlled and use commands from an integrated computer to control the movement of cutting tools, grinding wheels, part positioning, and in the case of turning and grinding machines, the rotation speeds of the part being shaped. The machines are able to produce parts while left unattended when connected to automatic bar-feeding, robotics equipment, or other material handling devices designed to supply raw materials and remove machined parts from the machine. The company’s machines could be used to produce parts from all of the standard ferrous and non-ferrous metals, as well as plastics, composites, and exotic materials. It produces machines for stock with option combinations for immediate delivery, as well as designs and produces machines to specific customer requirements. In addition to its machines, the company provides the necessary tooling, accessories, and support services to assist customers in improving their return on investment. ATA This segment includes products that are purchased by manufacturers throughout the lives of their machines. The company’s produ

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HDNG

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Valuation HDNG Industry Range
Price/Earnings 45.8x
Price/Sales 0.4x
Price/Book 0.7x
Price/Cash Flow 16.6x
TEV/Sales 0.3x
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