HARDINGE INC (HDNG) [Rocket]

Overview

HARDINGE INC (HDNG)

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Recent News + Filings (All items)

Date Filed	Type	Description
06/04/2018	15-12G	Form 15-12G - Securities registration termination [Section 12(g)]:
05/31/2018	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
05/31/2018	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
05/31/2018	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
05/31/2018	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
05/31/2018	8-K	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
05/30/2018	4	Levenson Ryan (Director) has filed a Form 4 on HARDINGE INC

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10
Revenues	317.9	292.0	315.2	311.6	329.5	334.4	341.6	257.0
Revenue growth	8.9%	-7.4%	1.2%	-5.4%	-1.5%	-2.1%	32.9%	20.1%
Cost of goods sold	210.4	194.5	210.7	210.9	236.2	237.6	250.5	195.7
Gross profit	107.6	97.5	104.5	100.8	93.2	96.8	91.0	61.3
Gross margin	33.8%	33.4%	33.2%	32.3%	28.3%	29.0%	26.6%	23.8%
Selling, general and administrative	80.0	79.6	81.3	81.0	79.5	76.2	73.6	65.7
Research and development	14.5	13.5	14.1	13.9
EBITA	14.7	5.3	10.3	7.1	14.8	20.9	17.4	-3.0
EBITA margin	4.6%	1.8%	3.3%	2.3%	4.5%	6.2%	5.1%	-1.2%
Amortization of intangibles	1.3	1.3	1.8	1.8	1.6	0.8	0.8	0.8
EBIT	13.4	4.1	8.5	5.3	13.2	20.1	16.6	-3.8
EBIT margin	4.2%	1.4%	2.7%	1.7%	4.0%	6.0%	4.9%	-1.5%
Pre-tax income	8.7	3.1	4.4	-1.1	5.9	19.3	16.4	-3.1
Income taxes	2.8	1.8	1.8	1.2	1.5	1.5	4.4	2.2
Tax rate	32.7%	60.1%	41.2%		25.9%	7.7%	26.7%
Earnings from continuing ops	5.8	1.2	2.6	-2.4	4.4	17.9	12.0	-5.2
Earnings from discontinued ops				0.2	4.9
Net income	5.8	1.2	2.6	-2.1	9.9	17.9	12.0	-5.2
Net margin	1.8%	0.4%	0.8%	-0.7%	3.0%	5.3%	3.5%	-2.0%

Diluted EPS	$0.45	$0.09	$0.20	($0.19)	$0.37	$1.54	$1.04	($0.46)
Shares outstanding (diluted)	13.0	12.9	12.9	12.7	11.9	11.6	11.5	11.4

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.