Hardinge (formerly known as Hardinge Brothers) is a company providing high precision metal-cutting solutions, aftermarket tooling, and accessories. It designs, manufactures, and distributes computer numerical control (CNC) grinding, milling, turning, workholding, rotary machines, as well as machining centers, collets, chuks, lathes, and pads. The company also provides spare parts and training, upgrade, and support services.

Employee Rating

3.3More
TypeSubsidiary
HQBerwyn, PA, US
Founded1890
Websitehardinge.com
Hardinge was founded in 1890 and is headquartered in Berwyn, PA, US

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Key People/Management at Hardinge

Ryan Levenson

Ryan Levenson

Chief Executive Officer
Kevin Marvel

Kevin Marvel

Chief Human Resource Officer
Alison Zhang

Alison Zhang

President, Turning & Milling Asia
Tina Mashiko

Tina Mashiko

Chief Financial Officer
Chandrashekar Urs

Chandrashekar Urs

Chief Operating Officer
Brent Bruggeman

Brent Bruggeman

Chief Information Officer
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Hardinge Office Locations

Hardinge has offices in Berwyn, Elgin, Elmira, Beijing and in 11 other locations
Berwyn, PA, US (HQ)
1235 Westlakes Dr #410
Elgin, IL, US
1524 Davis Rd
Elmira, NY, US
One Hardinge Dr
Beijing, CN
106 Lianhuachi E Rd
Chongqing, CN
121 Zhongshan 3rd Rd
Dongguan, CN
1 Changqingnan Rd
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Hardinge Financials and Metrics

Summary Metrics

Founding Date

1890

Hardinge Revenue

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View revenue for all periods
Hardinge's revenue was reported to be $317.92 m in FY, 2017 which is a 8.9% increase from the previous period.
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

315.2m292.0m317.9m

Revenue growth, %

1%(7%)9%

Cost of goods sold

224.9m194.5m210.4m

Gross profit

90.4m97.5m107.6m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

67.8m70.2m67.2m64.6m78.2m85.0m79.9m

Cost of goods sold

45.1m46.6m44.1m43.2m51.6m56.4m51.7m

Gross profit

22.7m23.6m23.2m21.4m26.6m28.6m28.1m

Gross profit Margin, %

34%34%34%33%34%34%35%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

32.8m28.3m45.0m

Accounts Receivable

56.9m55.6m61.8m

Inventories

110.2m107.0m104.5m

Current Assets

211.5m200.7m228.7m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

29.3m23.4m22.9m26.7m26.4m32.3m39.5m

Accounts Receivable

49.9m45.0m47.2m46.6m55.1m60.8m62.1m

Inventories

117.1m118.1m120.4m115.9m118.5m114.4m109.4m

Current Assets

209.0m200.1m205.1m202.5m213.7m226.1m229.9m
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

2.6m1.2m5.8m

Depreciation and Amortization

8.5m8.8m8.9m

Inventories

(1.4m)252.0k6.5m

Accounts Payable

450.0k141.0k611.0k
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

(1.2m)(1.1m)(2.5m)(2.0m)475.0k2.7m1.8m

Depreciation and Amortization

2.0m4.1m6.1m2.2m4.4m6.7m2.1m

Inventories

(4.9m)(7.7m)(9.5m)(8.2m)(8.3m)(4.0m)(3.0m)

Accounts Payable

(514.0k)(2.2m)(586.0k)1.1m745.0k172.0k734.0k
USDFY, 2015

Revenue/Employee

212.0k

Debt/Equity

0.1 x

Financial Leverage

1.9 x
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Hardinge Acquisitions / Subsidiaries

Company NameDateDeal Size
Ohio Tool Works, L.L.CAugust 31, 2021
J.G Weisser GmbH & CoJuly 20, 2021
ForkardtMay 09, 2013$34.5 m
Usach TechnologiesDecember 31, 2012
Forkardt Deutschland GmbH
Fuke Precision Machinery (Shanghai) Co., Ltd.
HARDINGE ASIA LIMITED
Hardinge GmbH
Hardinge Grinding Group Inc.
Hardinge Holdings B.V.
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Hardinge Revenue Breakdown

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Hardinge revenue breakdown by business segment: 20.9% from Aftermarket Tooling and Accessories and 79.1% from Metalcutting Machine Solutions

Hardinge revenue breakdown by geographic segment: 31.4% from North America, 28.7% from Europe and 39.8% from Asia

Hardinge Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Hardinge Online and Social Media Presence

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Hardinge Company Culture

  • Overall Culture

    F

    46/100

  • CEO Rating

    F

    50/100

  • Compensation

    D

    55/100

Learn more on Comparably

Hardinge News and Updates

Hardinge Inc. to Acquire J.G. Weisser GmbH & Co

Hardinge Inc. (“Hardinge”) and J.G Weisser GmbH & Co. KG (“Weisser”), have entered into a definitive agreement under which Hardinge will acquire Weisser, enhancing Hardinge’s Turning and Milling platform with an attractive portfolio of products and technologies.

Forkardt Introduces Updated FNC+ Quick Jaw Change 3-Jaw Power Chuck

Forkardt, a Hardinge brand and leading international provider of advanced workholding solutions and accessories, today announces its newly upgraded FNC+ Quick Jaw Change Power Chuck, a universally applicable wedge style power chuck offering increased versatility and manufacturing efficiencies as wel…

Hardinge Expands Senior Management Team To Accelerate Growth Initiatives

BERWYN, Pa., March 1, 2021 /PRNewswire/ -- Hardinge Inc., a leading international provider of advanced metal-cutting and material-cutting tool solutions and accessories, is excited to announce the expansion of its management team, naming Chandra Urs as COO, Tina Mashiko as CFO, Brent...

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

Exploring the Past, Present and Future of American Manufacturing

The post Exploring the Past, Present and Future of American Manufacturing appeared first on Hardinge.

Why hard turning can be an alternative to grinding for many applications

The post Why hard turning can be an alternative to grinding for many applications appeared first on Hardinge.

Modern Machine Shop produces first-ever podcast: Made in the USA

The post Modern Machine Shop produces first-ever podcast: Made in the USA appeared first on Hardinge.

Why Lightweighting is Accelerating Across All Industries

The post Why Lightweighting is Accelerating Across All Industries appeared first on Hardinge.

HARDINGE TO BRING MANUFACTURING CAPACITY BACK TO THE UNITED STATES

“Made in the USA” Manufacturing Shift to Support American Manufacturing, Create U.S. Manufacturing Jobs, Provide Shorter Lead Times and deliver Higher Performing Products required for the American Market … The post HARDINGE TO BRING MANUFACTURING CAPACITY BACK TO THE UNITED STATES appeared first on …

HARDINGE INTRODUCES THE TALENT® TT (TWIN-TURRET) CNC MULTI-TASKING LATHE

The multi-tasking lathe is available in multiple configurations for both 42mm and 51mm bar capacity. BERWYN, PENNSYLVANIA, USA—July 15, 2020 – Hardinge Inc., the leading international provider of … The post HARDINGE INTRODUCES THE TALENT® TT (TWIN-TURRET) CNC MULTI-TASKING LATHE appeared first on Ha…
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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 Ryan Levenson, Kevin Marvel and Alison Zhang.

  • How many employees does Hardinge have?

    Hardinge has 319 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 $996.6 k.

  • Who are Hardinge competitors?

    Competitors of Hardinge include Hurco Companies, Tuthill and Lagun Engineering.

  • Where is Hardinge headquarters?

    Hardinge headquarters is located at 1235 Westlakes Dr #410, Berwyn.

  • Where are Hardinge offices?

    Hardinge has offices in Berwyn, Elgin, Elmira, Beijing and in 11 other locations.

  • How many offices does Hardinge have?

    Hardinge has 15 offices.