Last $11.65 USD
Change Today +0.31 / 2.73%
Volume 22.1K
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As of 8:10 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

hardinge inc (HDNG) Key Developments

Hardinge Inc. Presents at Sidoti & Company Emerging Growth Institutional Investor Forum, Jan-12-2015

Hardinge Inc. Presents at Sidoti & Company Emerging Growth Institutional Investor Forum, Jan-12-2015 . Venue: The Grand Hyatt Hotel, New York, New York, United States. Speakers: Douglas J. Malone, Chief Financial Officer and Vice President, Richard L. Simons, Chairman, Chief Executive Officer and President.

Hardinge Inc. Presents at 17th Annual Needham Growth Conference, Jan-13-2015 11:20 AM

Hardinge Inc. Presents at 17th Annual Needham Growth Conference, Jan-13-2015 11:20 AM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States.

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.

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.

Hardinge Inc. Approves Regular Quarterly Cash Dividend, Payable on December 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 December 10, 2014 to stockholders of record at the close of business on December 1, 2014.

 

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