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.
| Type | Public | |
| Founded | 1890 | |
| HQ | Horseheads, US | Map |
| Website | hardinge.com | |
| Employee Ratings | More |
Key People/Management at Hardinge
Chuck Dougherty
President & CEO
John Roselli
Senior Vice President & CFO
Tom McGrail
Vice President, Global Operations
Kevin Marvel
Vice President, Human Resources
Urs Baumgartner
Regional President - Europe
Alison Zhang
Regional President - Asia
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
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
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 82.3m | 70.9m | 78.9m | 68.9m | 69.1m | 82.4m | 76.8m | 67.8m | 70.2m | 67.2m | 64.6m | 78.2m | 85.0m | 79.9m |
Cost of goods sold | 59.2m | 51.6m | 56.9m | 50.2m | 50.9m | 58.9m | 55.0m | 45.1m | 46.6m | 44.1m | 43.2m | 51.6m | 56.4m | 51.7m |
Gross profit | 23.0m | 19.2m | 22.0m | 18.7m | 18.2m | 23.5m | 21.8m | 22.7m | 23.6m | 23.2m | 21.4m | 26.6m | 28.6m | 28.1m |
Gross profit Margin, % | 28% | 27% | 28% | 27% | 26% | 28% | 28% | 34% | 34% | 34% | 33% | 34% | 34% | 35% |
Annual
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 15.8m | 32.5m | 22.3m | 15.0m | 18.3m | 22.8m | 18.5m | 29.3m | 23.4m | 22.9m | 26.7m | 26.4m | 32.3m | 39.5m |
Accounts Receivable | 52.5m | 51.5m | 55.3m | 53.6m | 55.6m | 56.2m | 55.7m | 49.9m | 45.0m | 47.2m | 46.6m | 55.1m | 60.8m | 62.1m |
Inventories | 132.8m | 112.1m | 119.3m | 123.2m | 116.3m | 122.3m | 119.2m | 117.1m | 118.1m | 120.4m | 115.9m | 118.5m | 114.4m | 109.4m |
Current Assets | 218.0m | 213.0m | 212.1m | 207.5m | 207.0m | 217.0m | 208.5m | 209.0m | 200.1m | 205.1m | 202.5m | 213.7m | 226.1m | 229.9m |
Annual
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 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) | 475.0k | 2.7m | 1.8m |
Depreciation and Amortization | 6.8m | 2.5m | 5.0m | 7.3m | 2.3m | 4.6m | 6.8m | 2.0m | 4.1m | 6.1m | 2.2m | 4.4m | 6.7m | 2.1m |
Inventories | 1.4m | 1.7m | (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) | 3.5m | 2.7m | 2.1m | 5.1m | 990.0k | (514.0k) | (2.2m) | (586.0k) | 1.1m | 745.0k | 172.0k | 734.0k |
| USD | Y, 2018 |
|---|---|
Financial Leverage | 1.7 x |
Hardinge Online and Social Media Presence
4.99k Twitter followers
Hardinge has 4.99k Twitter Followers. The number of followers has increased 0.6% month over month and increased 1.6% quarter over quarter
Hardinge News and Updates
March 21, 2018
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
February 13, 2018
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…
October 20, 2017
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
May 07, 2019
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.
March 07, 2019
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.
January 30, 2019
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.
November 29, 2018
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.
November 28, 2018
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.
November 07, 2018
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.
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.