Hardinge

Hardinge is the leader in providing a wide range of highly reliable turning, milling, grinding and workholding solutions. We never compromise on product design, so customers can count on Hardinge to help them make the right part to the required specification, every time. The breadth and depth of our product solutions are unmatched in the industry, enabling us to support a variety of market applications, including aerospace, automotive, medical, energy, construction, agriculture, mold, tool and die, and more.

Company Growth (employees)
Type
Public
HQ
Horseheads, US
Founded
1890
Size (employees)
1,451 (est)-3%
Hardinge was founded in 1890 and is headquartered in Horseheads, US

Hardinge Office Locations

Hardinge has offices in Horseheads, Leicester, Krefeld, Saint Gallen and in 4 other locations
Horseheads, US (HQ)
1 Hardinge Dr
Rochester, US
1200 Brooks Ave
Shanghai, CN
Kang Qiao Xin Yuan
Biel, CH
107 Längfeldweg
Krefeld, DE
13 Europark Fichtenhain A
Leicester, GB
Murrayfield Rd

Hardinge Data and Metrics

Hardinge Financial Metrics

Hardinge's revenue was reported to be $292 m in FY, 2016 which is a 7% decrease from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

292 m

Revenue growth (FY, 2015 - FY, 2016), %

(7%)

Gross profit (FY, 2016)

97.5 m

Gross profit margin (FY, 2016), %

33%

Net income (FY, 2016)

1.2 m

EBIT (FY, 2016)

3.4 m

Market capitalization (23-May-2017)

155.4 m

Closing share price (23-May-2017)

12.2

Cash (31-Dec-2016)

28.3 m

EV

133 m
Hardinge's current market capitalization is $155.4 m.
Numbers are in $, USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

329.5 m311.6 m315.2 m292 m

Revenue growth, %

(5%)1%(7%)

Cost of goods sold

195.7 m250.5 m237.6 m236.2 m224.8 m224.9 m194.5 m

Gross profit

93.2 m86.9 m90.4 m97.5 m

Gross profit Margin, %

28%28%29%33%

EBIT

7 m(447 k)4.9 m3.4 m

EBIT margin, %

2%(0%)2%1%

Interest income

64 k59 k156 k227 k

Pre tax profit

5.9 m(1.1 m)4.4 m3.1 m

Net Income

9.9 m(2.1 m)2.6 m1.2 m
Numbers are in $, USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

20.4 m30.9 m21.7 m26.9 m34.7 m16.3 m32.8 m28.3 m

Accounts Receivable

57.1 m62.9 m56.9 m55.6 m

Inventories

Current Assets

221.5 m204.7 m211.5 m200.7 m

PP&E

74.7 m65.9 m62 m57 m

Goodwill

9.9 m6.7 m6.6 m6.6 m

Total Assets

344 m311.3 m311.3 m297.6 m

Accounts Payable

24.4 m25.6 m24.7 m24.9 m

Total Debt

5.6 m26.6 m16.2 m11.8 m5.9 m

Current Liabilities

84.7 m70.3 m82.3 m72.8 m

Non-Current Liabilities

55.7 m71.4 m67.9 m68.8 m

Total Liabilities

140.4 m141.7 m150.2 m141.6 m

Common Stock

125 k128 k128 k129 k

Additional Paid-in Capital

115 m120.5 m120.5 m121 m

Retained Earnings

90.9 m87.8 m89.4 m89.6 m

Total Equity

203.6 m161.1 m155.9 m

Debt to Equity Ratio

0.1 x0.1 x0 x

Debt to Assets Ratio

0.1 x0.1 x0 x0 x

Financial Leverage

1.7 x1.9 x1.9 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

9.9 m(2.1 m)2.6 m1.2 m

Depreciation and Amortization

9.6 m9.8 m8.5 m8.8 m

Accounts Receivable

(68 k)(7.9 m)3.9 m(284 k)

Inventories

(1.3 m)(1.4 m)252 k

Accounts Payable

(4.1 m)2.2 m450 k141 k

Cash From Operating Activities

25.8 m3.2 m26.7 m5.3 m

Capital Expenditures

(3.9 m)(3.2 m)(4.2 m)(2.5 m)

Cash From Investing Activities

(31.7 m)(8.5 m)(4.1 m)(2.4 m)

Long-term Borrowings

(9.3 m)(4.5 m)(5.8 m)

Dividends Paid

(944 k)(1 m)(1 m)(1.1 m)

Cash From Financing Activities

13.7 m(12.1 m)(5.7 m)(6.5 m)

Free Cash Flow

29.7 m6.4 m30.9 m7.8 m
Y, 2016

EV/EBIT

39.2 x

EV/CFO

25.1 x

EV/FCF

17.1 x

Financial Leverage

1.9 x

Hardinge Market Value History

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