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
HQ
Horseheads, US
Founded
1890
Size (employees)
1,451 (est)
Hardinge was founded in 1890 and is headquartered in Horseheads, US
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Hardinge Office Locations

Hardinge has offices in Nantou City, Shanghai, Leicester, St. Gallen 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 Financials

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

Revenue (Q1, 2018)

79.9 m

Gross profit (Q1, 2018)

28.1 m

Gross profit margin (Q1, 2018), %

35.2%

Net income (Q1, 2018)

1.8 m

EBIT (Q1, 2018)

2.6 m

Market capitalization (25-May-2018)

239.9 m

Closing share price (25-May-2018)

18.5

Cash (31-Mar-2018)

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

Revenue

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

Revenue growth, %

(5%)1%(7%)

Cost of goods sold

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

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

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

Accounts Receivable

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

Inventories

107 m104.5 m

Current Assets

221.5 m204.7 m211.5 m200.7 m228.7 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

15.8 m32.5 m22.3 m15 m18.3 m22.8 m18.5 m29.3 m23.4 m22.9 m26.7 m26.4 m39.5 m

Accounts Receivable

52.5 m51.5 m55.3 m53.6 m55.6 m56.2 m55.7 m49.9 m45 m47.2 m46.6 m55.1 m62.1 m

Inventories

132.8 m112.1 m119.3 m123.2 m116.3 m122.3 m119.2 m117.1 m118.1 m120.4 m115.9 m118.5 m109.4 m

Current Assets

218 m213 m212.1 m207.5 m207 m217 m208.5 m209 m200.1 m205.1 m202.5 m213.7 m229.9 m
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

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

Depreciation and Amortization

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

Inventories

(1.3 m)(1.4 m)252 k6.5 m

Accounts Payable

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

Net Income

3.8 m(453 k)896 k(6.7 m)(1.4 m)178 k(149 k)(1.2 m)(1.1 m)(2.5 m)(2 m)475 k1.8 m

Depreciation and Amortization

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

Inventories

1.4 m1.7 m(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)(8.3 m)(3 m)

Accounts Payable

(2.4 m)(1.5 m)3.5 m2.7 m2.1 m5.1 m990 k(514 k)(2.2 m)(586 k)1.1 m745 k734 k
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
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