Hardinge, Inc. (NQ: HDNG)
13.83 USD  -0.36 (-2.54%)
Official Closing Price  /  Updated: 8:10 PM EDT, Apr 15, 2014  /  Add to My Watchlist      
(HDNG) Community Analysis from
April 15, 2014
(Benzinga, 11/4/10)
Hardinge Inc. (Nasdaq: HDNG) today announced results for its third quarter and nine months ended September 30, 2010. Performance Summary: Third quarter orders were $70.6 million, a 51% increase compared to third quarter 2009...(read more)
(Barel Karsan, 2/8/10)
Last week, Hardinge (HDNG), maker of precision machinery, received a cash offer for its shares that was a 45% premium to its closing price on the previous day. Predicting when such offers are going to occur is...(read more)
(Barel Karsan, 8/25/09)
Hardinge (HDNG) and Hurco (HURC) both design and manufacture computerized machine tools. During downturns, one of the most common decisions undertaken by companies looking to preserve capital is cutting capital...(read more)
Hardinge (HDNG) Company Overview
Hardinge (NASDAQ:HDNG), has manufactured engine lathes, a metal cutting machine, for other a century and is now selling these machines to large industrial markets such as aerospace and energy[1].[2] In the machine tools & accessories oligopoly, HDNG competes against Kennametal (KMT), Stanley Works (SWK), Timken Company (TKR), and a handful of similar mid-cap companies.

HDNG is unique in the machine tools industry because the company is based in Europe. Due to the declining dollar, HDNG has seen decreased sales in the U.S., because U.S. consumers would rather buy cheaper alternatives than a more expensive European product. In June 2008, HDNG acquired a multi-currency credit facility, with the help of JP Morgan Chase, to easily exchange currencies.[3] HDNG has seen increased sales outside of North America, particularly in Germany and China,[4] which has further soothed the damage of the declining dollar. Like all machine tools & accessories companies, HDNG has been affected by rising raw materials prices, particularly steel prices. From March 2006 to March 2008, the average price of scrap metal increased from $212.50/tonne to $500/tonne, [5] causing operating margins to decrease from 7.07% to 6.42% from 2006 to 2007.[6]

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