Hardinge Reports Second Quarter 2017 Results
HARDINGE (HDNG)
US:NASDAQ Investor Relations:
ir.hardinge.com/investor-relations
Company Research
Source: Business Wire
Second quarter sales grew 11% to $78.2 million; up 14% excluding unfavorable foreign currency translation Diluted earnings per share up significantly to $0.20 from $0.01; Net income grew to $2.5 million from $0.1 million Orders of $92.7 million increased 15% with growth in all three regions Backlog of $144.9 million reaches five-year high ELMIRA, N.Y.--(BUSINESS WIRE)-- Hardinge Inc. (NASDAQ:HDNG), a leading international provider of advanced metal-cutting solutions and accessories, reported financial results for its second quarter ended June 30, 2017. Chuck Dougherty, President and Chief Executive Officer, commented, “We had a strong quarter driven by improved industrial economies in North America and Asia that resulted in higher machine sales. Importantly, we had a very healthy level of orders that support our expectation of a s
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