OverviewSuggest Edit

Hardinge is a global designer, manufacturer, and distributor of machine tools. The Company supplies high precision computer controlled metal-cutting turning machines, grinding machines, machining centers, and repair parts related to those machines. It also engineers and supplies high precision, standard and specialty workholding devices, and other machine tool accessories.

TypePublic
Founded1890
HQHorseheads, US
Websitehardinge.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2017)1,451
Revenue (FY, 2017)$317.9 M(+9%)
Share Price (May 2018)$18.5

Key People/Management at Hardinge

Chuck Dougherty

Chuck Dougherty

President & CEO
John Roselli

John Roselli

Senior Vice President & CFO
Tom McGrail

Tom McGrail

Vice President, Global Operations
Kevin Marvel

Kevin Marvel

Vice President, Human Resources
Urs Baumgartner

Urs Baumgartner

Regional President - Europe
Alison Zhang

Alison Zhang

Regional President - Asia
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Hardinge Office Locations

Hardinge has offices in Horseheads, Rochester, Leicester, Biel and in 5 other locations
Horseheads, US (HQ)
1 Hardinge Dr
Rochester, US
1200 Brooks Ave
Shanghai, CN
Kang Qiao Xin Yuan
Krefeld, DE
13 Europark Fichtenhain A
Biel, CH
107 Längfeldweg
St. Gallen, CH
Heiligkreuzstrasse 28
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Hardinge Financials and Metrics

Hardinge Revenue

Hardinge's revenue was reported to be $317.92 m in FY, 2017
USD

Revenue (Q1, 2018)

79.9m

Gross profit (Q1, 2018)

28.1m

Gross profit margin (Q1, 2018), %

35.2%

Net income (Q1, 2018)

1.8m

EBIT (Q1, 2018)

2.6m

Market capitalization (25-May-2018)

239.9m

Closing stock price (25-May-2018)

18.5

Cash (31-Mar-2018)

39.5m
Hardinge's current market capitalization is $239.9 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

329.5m311.6m315.2m292.0m317.9m

Revenue growth, %

(5%)1%(7%)

Cost of goods sold

236.2m224.8m224.9m194.5m210.4m

Gross profit

93.2m86.9m90.4m97.5m107.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

82.3m70.9m78.9m68.9m69.1m82.4m76.8m67.8m70.2m67.2m64.6m78.2m85.0m79.9m

Cost of goods sold

59.2m51.6m56.9m50.2m50.9m58.9m55.0m45.1m46.6m44.1m43.2m51.6m56.4m51.7m

Gross profit

23.0m19.2m22.0m18.7m18.2m23.5m21.8m22.7m23.6m23.2m21.4m26.6m28.6m28.1m

Gross profit Margin, %

28%27%28%27%26%28%28%34%34%34%33%34%34%35%
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012FY, 2013Y, 2013Y, 2014FY, 2015Y, 2015FY, 2016FY, 2017

Cash

20.4m30.9m21.7m26.9m34.7m34.7m16.3m32.8m32.8m28.3m45.0m

Accounts Receivable

57.1m57.1m62.9m56.9m56.9m55.6m61.8m

Inventories

114.1m110.2m107.0m104.5m

Current Assets

221.5m221.5m204.7m211.5m211.5m200.7m228.7m
Quarterly
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

9.9m(2.1m)2.6m1.2m5.8m

Depreciation and Amortization

9.6m9.8m8.5m8.8m8.9m

Inventories

20.3m(1.3m)(1.4m)252.0k6.5m

Accounts Payable

(4.1m)2.2m450.0k141.0k611.0k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

3.8m(453.0k)896.0k(6.7m)(1.4m)178.0k(149.0k)(1.2m)(1.1m)(2.5m)(2.0m)475.0k2.7m1.8m

Depreciation and Amortization

6.8m2.5m5.0m7.3m2.3m4.6m6.8m2.0m4.1m6.1m2.2m4.4m6.7m2.1m

Inventories

1.4m1.7m(4.7m)(10.1m)(4.8m)(8.5m)(8.7m)(4.9m)(7.7m)(9.5m)(8.2m)(8.3m)(4.0m)(3.0m)

Accounts Payable

(2.4m)(1.5m)3.5m2.7m2.1m5.1m990.0k(514.0k)(2.2m)(586.0k)1.1m745.0k172.0k734.0k
USDY, 2018

Financial Leverage

1.7 x
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Hardinge Online and Social Media Presence

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Hardinge News and Updates

Metalworking Machine Market Expected to Expand at a Steady CAGR through 2021

Persistence Market Research has announced the addition of the “Metalworking Machine Market: Global Industry Analysis and Opportunity Assessment, 2015-2021"report to their offering Posted via Industry Today. Follow us on Twitter @IndustryToday

Privet to acquire Hardinge for $18.50 per share in take-private deal

Privet Fund Management LLC has agreed to acquire Hardinge Inc, a provider of advanced metal-cutting solutions and accessories, for $18.50 per share in cash. The total value of the take-private deal is about $245 million. The transaction is expected to close by the end of the second quarter of this y…

Machine Tools 2017 Global Market Analysis, Company Profiles And Industrial Overview Research Report Forecasting To 2022

Wiseguyreports.Com Adds “Machine Tools-Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2022” To Its Research Database. Posted via Industry Today. Follow us on Twitter @IndustryToday

Hardinge Blogs

Hardinge CNC Machine Investment Helps Customer Win Three Contracts

Investment in Hardinge Bridgeport  XR1000 CNC machine helps our customer, Thomas Brown Engineering, target aerospace industry, win three contracts and increase turnover. Read the full story here. The post Hardinge CNC Machine Investment Helps Customer Win Three Contracts appeared first on Hardinge.

Innovation and Demand Propel Hardinge Forward in 2018

HARDINGE REPORTS ROBUST 2018 GROWTH WITH STRONG DEMAND IN CHINA   New Machine Tool Innovations and Global Demand Propel Hardinge Forward   PHILADELPHIA, PA —March 7, 2019 – … The post Innovation and Demand Propel Hardinge Forward in 2018 appeared first on Hardinge.

Interview with Alison Zhang, Regional President of Hardinge Asia

Alison Zhang, Regional President of Hardinge Asia talks about her views, trends and new technologies in the Machine Tool Industry. Click here to read the interview. The post Interview with Alison Zhang, Regional President of Hardinge Asia appeared first on Hardinge.

Jones & Shipman 10 Launches in China

On November 7th Hardinge Asia hosted an event at their Shanghai office to commemorate the official launch of the Jones & Shipman 10 universal grinding machine.  The event … The post Jones & Shipman 10 Launches in China appeared first on Hardinge.

Hardinge highlights grinding capabilities at JIMTOF

On November 1st through the 6th, Hardinge Asia was on display at JIMTOF through a cooperation with their two agents in Japan, YKT Corporation and Extream Corporation. During … The post Hardinge highlights grinding capabilities at JIMTOF appeared first on Hardinge.

Emerging Leader Ryan Ervin Strives to Modernize Sales Tactics

Modernizing sales processes and using technology to improve simple sales tasks is important to Ryan. Therefore, he stays abreast of the latest technology by being an active member … The post Emerging Leader Ryan Ervin Strives to Modernize Sales Tactics appeared first on Hardinge.
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Hardinge Frequently Asked Questions

  • When was Hardinge founded?

    Hardinge was founded in 1890.

  • Who are Hardinge key executives?

    Hardinge's key executives are Chuck Dougherty, John Roselli and Tom McGrail.

  • How many employees does Hardinge have?

    Hardinge has 1,451 employees.

  • What is Hardinge revenue?

    Latest Hardinge annual revenue is $317.9 m.

  • What is Hardinge revenue per employee?

    Latest Hardinge revenue per employee is $219.1 k.

  • Who are Hardinge competitors?

    Competitors of Hardinge include Hurco Companies, Molded Fiber Glass Companies and Koike Sanso Kogyo.

  • Where is Hardinge headquarters?

    Hardinge headquarters is located at 1 Hardinge Dr, Horseheads.

  • Where are Hardinge offices?

    Hardinge has offices in Horseheads, Rochester, Leicester, Biel and in 5 other locations.

  • How many offices does Hardinge have?

    Hardinge has 9 offices.