Hardinge
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Hardinge

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    • Manufacturing & Industrialengineering componentsheavy equipmentmanufacturing equipment

    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.

    Revenue(FY, 2017)
    $317.9 M
    Market capitalization(2018-05-25)
    $239.9 M
    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
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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
    Show all (9)
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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%
    show all
    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
    show all
    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
    show all
    USDY, 2018

    Financial Leverage

    		1.7 x
    Show all financial metrics
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    Competitors

    Conveyor Units
    Manufacturing & Industrial - Private
    Henrob
    Manufacturing & Industrial - Subsidiary
    Breeze-Eastern
    Manufacturing & Industrial - Subsidiary
    Twin Disc
    Manufacturing & Industrial - Public
    Compare competitors

    Hardinge Online and Social Media Presence

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    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
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