Last $11.75 USD
Change Today +0.25 / 2.17%
Volume 22.5K
As of 5:20 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

hardinge inc (HDNG) Snapshot

Open
$11.49
Previous Close
$11.50
Day High
$11.89
Day Low
$11.49
52 Week High
03/10/14 - $15.02
52 Week Low
10/13/14 - $9.70
Market Cap
150.7M
Average Volume 10 Days
17.8K
EPS TTM
$0.07
Shares Outstanding
12.8M
EX-Date
02/25/15
P/E TM
157.8x
Dividend
$0.08
Dividend Yield
0.68%
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.

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 Machine Solutions
Total Annual Compensation: $260.0K
Principal Accounting Officer and Corporate Co...
Total Annual Compensation: $235.0K
Senior Vice President of Administration
Total Annual Compensation: $195.2K
Compensation as of Fiscal Year 2013.

hardinge inc (HDNG) Key Developments

Hardinge Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Sales Guidance for the First Quarter of 2015

Hardinge Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported sales of $93,008,000 against $103,101,000 a year ago. Income from operations was $5,086,000 against $1,311,000 a year ago. Income from continuing operations before income taxes was $4,930,000 against $1,045,000 a year ago. Net income from continuing operations was $4,542,000 or $0.35 per diluted share against $1,126,000 or $0.09 per diluted share a year ago. Net income was $4,542,000 or $0.35 per diluted share against $6,143,000 or $0.50 per diluted share a year ago. Adjusted net income was $4,663,000 or $0.36 per basic and diluted share compared to $8,408,000 or $0.68 per basic and diluted share a year ago. Non-GAAP income from operating as adjusted was $5,207,000 against $8,593,000 a year ago. For the year, the company reported net sales of $311,633,000 against $329,459,000 a year ago. Loss from operations was $477,000 against income from operations of $6,996,000 a year ago. Loss from continuing operations before income taxes was $1,125,000 against profit of $5,932,000 a year ago. Net loss from continuing operations was $2,358,000 or $0.19 per diluted share against profit of $4,395,000 or $0.37 per diluted share a year ago. Net loss was $2,140,000 or $0.17 per diluted share against profit of $9,927,000 or $0.83 per diluted share a year ago. Net cash provided by operating activities was $3,179,000 against $25,828,000 a year ago. Capital expenditures were $3,186,000 against $3,871,000 a year ago. Adjusted net income was $2,824,000 or $0.22 per share compared to $14,889,000 or $1.25 per diluted share a year ago. Non-GAAP income from operating as adjusted was $5,064,000 against $17,316,000 a year ago. The decline from the prior year was mostly the result of lower sales and under absorption of fixed costs due to lower production volumes in the company's grinding operations. Full year EBITDA was around $15 million. The last year was unusually high due to a shipment of Usach products. Acknowledging the first quarter of last year, around $71 million in sales and given the high level of shipments the company had in the fourth quarter of 2014, the company actually expects the first quarter to be somewhere around that $71 million number in terms of sales for the first quarter of 2015.

Hardinge Inc. Declares Quarterly Cash Dividend, Payable on March 9, 2015

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 on March 9, 2015 to stockholders of record at the close of business on February 27, 2015.

Hardinge Inc. to Report Q4, 2014 Results on Feb 12, 2015

Hardinge Inc. announced that they will report Q4, 2014 results at 11:00 AM, US Eastern Standard Time on Feb 12, 2015

 

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