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Hardinge

Manufacturing & Industrialheavy equipmentmanufacturing equipment

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.

Revenue(Q1, 2017)
$64.6 M
Market capitalization(2017-08-18)
$175.4 M
Company Growth (employees)
Type
Public
HQ
Horseheads, US
Founded
1890
Size (employees)
1,451 (est)
Website
hardinge.com
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
Show all (8)

Hardinge Data and Metrics

Hardinge Financial Metrics

Hardinge's revenue was reported to be $64.6 m in Q1, 2017
USD

Revenue (Q1, 2017)

64.6 m

Gross profit (Q1, 2017)

21.4 m

Gross profit margin (Q1, 2017), %

33%

Net income (Q1, 2017)

(2 m)

EBIT (Q1, 2017)

(1.8 m)

Market capitalization (18-Aug-2017)

175.4 m

Cash (31-Mar-2017)

26.7 m
Hardinge's current market capitalization is $175.4 m.
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%

General and administrative expense

79.6 m

Operating expense total

79.6 m

EBIT

7 m(447 k)4.9 m3.4 m

EBIT margin, %

2%(0%)2%1%

Interest expense

426 k339 k859 k1.1 m737 k655 k555 k

Interest income

64 k59 k156 k227 k

Pre tax profit

5.9 m(1.1 m)4.4 m3.1 m

Income tax expense

2.2 m4.4 m1.5 m1.5 m1.2 m1.8 m1.8 m

Net Income

9.9 m(2.1 m)2.6 m1.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

78.9 m68.9 m69.1 m82.4 m76.8 m67.8 m70.2 m67.2 m64.6 m

Cost of goods sold

56.9 m50.2 m50.9 m58.9 m55 m45.1 m46.6 m44.1 m43.2 m

Gross profit

22 m18.7 m18.2 m23.5 m21.8 m22.7 m23.6 m23.2 m21.4 m

Gross profit Margin, %

28%27%26%28%28%34%34%34%33%

General and administrative expense

20.1 m20.1 m19.6 m21.1 m19.9 m20.6 m19.6 m20 m18 m

Operating expense total

20.1 m20.1 m19.6 m21.1 m19.9 m20.6 m19.6 m20 m18 m

EBIT

1.6 m(6.9 m)(1.4 m)2.4 m756 k(1.2 m)301 k(640 k)(1.8 m)

EBIT margin, %

2%(10%)(2%)3%1%(2%)0%(1%)(3%)

Interest expense

155 k171 k157 k154 k161 k153 k132 k142 k105 k

Interest income

(12 k)(15 k)(17 k)(23 k)(40 k)(67 k)(69 k)(56 k)(40 k)

Pre tax profit

1.5 m(7 m)(1.6 m)2.3 m635 k(1.3 m)238 k(726 k)(1.9 m)

Income tax expense

144 k544 k(149 k)666 k962 k(86 k)93 k657 k198 k

Net Income

896 k(6.7 m)(1.4 m)178 k(149 k)(1.2 m)(1.1 m)(2.5 m)(2 m)
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

107 m

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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

22.3 m15 m18.3 m22.8 m18.5 m29.3 m23.4 m22.9 m26.7 m

Accounts Receivable

55.3 m53.6 m55.6 m56.2 m55.7 m49.9 m45 m47.2 m46.6 m

Inventories

119.3 m123.2 m116.3 m122.3 m119.2 m117.1 m118.1 m120.4 m115.9 m

Current Assets

212.1 m207.5 m207 m217 m208.5 m209 m200.1 m205.1 m202.5 m

PP&E

71.9 m68.2 m65.4 m66.3 m63.8 m62.3 m60.4 m59.7 m56.9 m

Goodwill

11.6 m6.7 m6.7 m6.7 m6.6 m6.6 m6.6 m6.6 m6.7 m

Total Assets

334.6 m319.9 m313.1 m324 m312.1 m309.5 m298.2 m302.8 m299.8 m

Accounts Payable

28 m26.6 m27.1 m30.5 m25.4 m24.5 m22.5 m24.3 m26 m

Current Liabilities

71.1 m73.3 m74.4 m81 m77.6 m79 m71.6 m77.1 m74.3 m

Non-Current Liabilities

52.4 m49.4 m69.3 m68.5 m66.1 m66.9 m64.5 m62.4 m67.3 m

Common Stock

128 k128 k128 k129 k129 k128 k129 k129 k129 k

Additional Paid-in Capital

120.4 m120.3 m120.9 m121 m121 m120.5 m120.7 m121.2 m121.2 m

Retained Earnings

91.3 m83.5 m86.1 m87.4 m86.9 m87.9 m87.8 m86.1 m87.2 m

Total Equity

174.5 m168.3 m163.6 m162.1 m163.4 m158.2 m

Financial Leverage

1.9 x1.9 x1.9 x1.8 x1.9 x1.9 x
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 m2.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

896 k(6.7 m)(1.4 m)178 k(149 k)(1.2 m)(1.1 m)(2.5 m)(2 m)

Depreciation and Amortization

5 m7.3 m2.3 m4.6 m6.8 m2 m4.1 m6.1 m2.2 m

Accounts Receivable

1.9 m2.7 m6.6 m6.7 m6 m7.6 m11.8 m9.8 m9.8 m

Inventories

(4.7 m)(10.1 m)(4.8 m)(8.5 m)(8.7 m)(4.9 m)(7.7 m)(9.5 m)(8.2 m)

Accounts Payable

3.5 m2.7 m2.1 m5.1 m990 k(514 k)(2.2 m)(586 k)1.1 m

Cash From Operating Activities

353 k(837 k)3.8 m10.5 m9 m(5.4 m)(6 m)(4.3 m)(1.1 m)

Capital Expenditures

(1.1 m)(1.8 m)(699 k)(2 m)(3.1 m)(436 k)(992 k)(1.5 m)(480 k)

Cash From Investing Activities

(4.3 m)(7.2 m)(699 k)(2 m)(3.1 m)(404 k)(955 k)(1.5 m)(477 k)

Long-term Borrowings

(7.6 m)(8.4 m)(1.5 m)(2.4 m)(3.2 m)(1 m)(2.3 m)(3.2 m)(762 k)

Dividends Paid

(503 k)(757 k)(255 k)(525 k)(781 k)(274 k)(536 k)(792 k)(258 k)

Cash From Financing Activities

(8.4 m)(11 m)(1.6 m)(3.1 m)(4.2 m)1.9 m(2.6 m)(4 m)(948 k)

Free Cash Flow

(771 k)(2.7 m)3.1 m8.6 m5.9 m(5.8 m)(7 m)(5.9 m)(1.6 m)
USDY, 2017

Revenue/Employee

44.5 k

Financial Leverage

1.9 x

Hardinge Market Value History

Market Position of Hardinge

Competitors

Terex
Manufacturing & Industrial - Public
Mechatherm
Manufacturing & Industrial - Private
The Crosby Group
Manufacturing & Industrial - Private
KHD Humboldt
Manufacturing & Industrial - Public
Compare competitors

Traffic Overview of Hardinge

Hardinge Online and Social Media Presence

Hardinge News and Updates

August 29, 2016

'90% of YA is crap': the debate that dominated the Edinburgh book festival

Tempers flare, but readers continue to queue, as authors struggle to explain what is special about young adult fictionAccording to Sturgeon’s Law, 90% of anything is crap. It was named after Theodore Sturgeon, who came to the defence of science fiction in the 1950s. “The claim (or fact) that 90% of …

Hardinge Company Life and Culture

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