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HARDINGE INC (HDNG)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    MMS  251.9230.7250.9243.2278.4306.3316.1 
    Asia  126.6108.0109.5107.7119.9129.9146.7142.2
    North America  99.992.7108.5100.9109.583.590.062.5
    Europe  91.391.497.3103.1100.1121.0104.8100.9
Total revenues  317.9292.0315.2311.6329.5334.4341.6257.0
            Revenue growth   [+]8.9%-7.4%1.2%-5.4%-1.5%-2.1%32.9%20.1%
Cost of goods sold  210.4194.5210.7210.9236.2237.6250.5195.7
Gross profit  107.697.5104.5100.893.296.891.061.3
            Gross margin  33.8%33.4%33.2%32.3%28.3%29.0%26.6%23.8%
Selling, general and administrative  80.079.681.381.079.576.273.665.7
Research and development  14.513.514.113.9    
EBITDA   [+]22.312.817.315.522.827.524.33.3
            EBITDA margin  7.0%4.4%5.5%5.0%6.9%8.2%7.1%1.3%
Depreciation  7.77.57.08.48.06.76.96.2
EBITA  14.75.310.37.114.820.917.4-3.0
            EBITA margin  4.6%1.8%3.3%2.3%4.5%6.2%5.1%-1.2%
Amortization of intangibles  1.31.31.81.81.60.80.80.8
EBIT   [+]13.44.18.55.313.220.116.6-3.8
            EBIT margin  4.2%1.4%2.7%1.7%4.0%6.0%4.9%-1.5%
Non-recurring items   [+]4.50.73.65.86.2  -1.0
Interest expense, net   [+]0.30.30.50.71.10.70.20.3
Pre-tax income  8.73.14.4-1.15.919.316.4-3.1
Income taxes  2.81.81.81.21.51.54.42.2
            Tax rate  32.7%60.1%41.2% 25.9%7.7%26.7% 
Earnings from continuing ops  5.81.22.6-2.44.417.912.0-5.2
Earnings from discontinued ops     0.24.9   
Net income  5.81.22.6-2.19.917.912.0-5.2
            Net margin  1.8%0.4%0.8%-0.7%3.0%5.3%3.5%-2.0%
   
Basic EPS   [+]$0.45$0.10$0.20($0.19)$0.37$1.54$1.05($0.46)
Diluted EPS   [+]$0.45$0.09$0.20($0.19)$0.37$1.54$1.04($0.46)
   
Dividends per share   [+]$0.04$0.08$0.08$0.08$0.08$0.08$0.05$0.02
   
Shares outstanding (basic)   [+]12.912.812.812.711.811.611.511.4
Shares outstanding (diluted)   [+]13.012.912.912.711.911.611.511.4
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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