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Hardinge Inc
Hardinge is a public company listed on the OTCQX market under the ticker symbol HDNG.
Hardinge Inc HDNG is a US-based global provider of machine tool and metal cutting solutions to the aerospace, automotive, and automotive commercial transportation industries. Hardinge serves customers worldwide and employs approximately 1,100 people worldwide. It operates through three segments; Turning, Milling, and Solutions. Its headquarters are in Elmira, New York, USA, and its products are manufactured in five countries and distributed through agents and distributors across the globe.
On May 8, 2012, Hardinge acquired the shares of one of its long-time distributors, VICM (Vibra Industrial Machinery Company, Inc.), significantly expanding its market penetration and sales support for turning products in Mexico. In addition, on June 14, 2012, Hardinge announced the acquisition of the shares of The Schüler Group, the leading German machine tool distributor of metalworking machines. This acquisition increased Hardinge's market penetration and increased its sales and services in Eastern and Western Europe. The company now hold 85 patents.
Here are some key points about Hardinge Inc (HDNG)
* Revenue Growth: 23.4% year over year.
* EPS: $0.32
* Est P/E Ratio: 20.66
* Market Cap: 632.4M
* Industry: Capital Goods
* Sector: Industrial Goods
* Fiscal Year End: December
* Employees: 1.08K
* Current Ratio: 3.14
* Quick Ratio: 2.4
* Debt-to-Equity Ratio: 0.44
* Current Ratio Rank was 74.32
* Quick Ratio Rank was 84.52
* Debt-to-Equity Ratio Rank was 88.45
Hardinge Inc. (NASDAQ: HDNG) (the "Company," "We," "Our," and similar pronouns), a world leader in the manufacturing of advanced metal-cutting tool systems and accessories, announced its financial results for the second quarter of 2022 on August 9, 2022.
The company is on a roll, returning 124.31% over the past six months, outperforming the sector (Industrials) return of 4.95%. The past month was also impressive, with a return of 21.29%, outpacing sector (Industrials) return of 3.31%.
Some of its products include:
* Turning machines
* Milling machines
* grinding machines
Revenue Source
Quarterly Years Ended
March 31,
2022 $133.8M
September 30, 2021 $121.2M
June 30, 2021 $142.9M
March 31, 2021 $118.45M
December 31, 2020 $119.8M
September 30, 2020 $123.3M
June 30, 2020 $119.8M
March 31, 2020 $121.2M
December 31, 2019 $127.1M
September 30, 2019 $134.8M
June 30, 2019 $140.7M
March 31, 2019 $139.4M
Quarterly Revenue Growth YOY
Quarter Ended
March 31, 2022 23.4%
December 31, 2021 19.1%
September 30, 2021 25.8%
June 30, 2021 18.7%
March 31, 2021 36.7%
December 31, 2020 11.1%
September 30, 2020 -4.9%
June 30, 2020 37.3%
March 31, 2020 23.5%
Over the past year, Hardinge's stock price has increased by 124.0%. Its stock price has increased by 16.7% over the last six months.
The historical stock data provided is for informational purposes, and is not intended for trading purposes. The information is believed to be accurate, but SP Global Market Intelligence disclaims any responsibility for any errors or omissions.
It's important to note that this information may not reflect the current state of the company and should not be used to base investment decisions.