Hardinge Inc (HDNG) 10K Annual Reports & 10Q SEC Filings


•	Quarterly net income was $3.2 million with earnings per diluted share of $0.24; Full year net income was $5.8 million with earnings per diluted share of $0.45


•	Generated cash from operations of $25.1 million in 2017 compared with $5.3 million in 2016

ELMIRA, N.Y., February 15, 2018 - Hardinge Inc. (NASDAQ: HDNG), a leading international provider of advanced metal-cutting solutions and accessories, reported financial results for its fourth quarter and year ended December 31, 2017.

Sales, Orders and Backlog for the Quarter and Full Year

(Please refer to the Sales and Orders tables included in this release)

North America: Sales of $28.7 million in the quarter were down 4% from the prior-year quarter. Orders for the region were $23.6 million, a decrease of 7% from the prior-year quarter, primarily due to the reorganization of our North America go-to-market approach.

For the full year, stronger economic conditions led sales in North America to increase 8% to $99.9 million. Orders decreased 4% to $97.4 million.

Europe: Sales in Europe increased 7%, or $1.9 million, over the prior-year quarter to $29.0 million. Orders of $26.7 million were down 5% from the prior-year quarter. Excluding favorable foreign currency exchange of $1.5 million and $1.2 million on sales and orders, respectively, sales were up 2% and orders declined 10% compared with the prior-year quarter.

For the full year, sales to Europe were unchanged. Excluding favorable foreign currency exchange of $0.8 million, sales to Europe decreased 1%. Orders increased 10% over the prior-year. Excluding favorable foreign currency translation of $0.1 million, orders increased 9%.

Asia: Asia sales increased $2.5 million, or 8%, to $32.5 million, over the prior-year’s fourth quarter. Excluding favorable foreign currency translation of $1.0 million, sales increased 5% over the prior-year period. Orders of $33.5 million decreased $3.3 million, or 9%, compared with the same period in the prior-year, mostly due to a large order in the prior-year quarter which was not repeated in the current year. Excluding favorable foreign currency translation of $0.9 million, orders were down 11% year over year.

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The following information was filed by Hardinge Inc (HDNG) on Thursday, February 15, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Hardinge Inc provided additional information to their SEC Filing as exhibits

Exhibit 10.45: Material Contract

Exhibit 10.46: Material Contract

Exhibit 10.51: Material Contract

Exhibit 10.52: Material Contract

Exhibit 10.53: Material Contract

Exhibit 10.54: Material Contract

Exhibit 10.55: Material Contract

Exhibit 10.56: Material Contract

Exhibit 10.57: Material Contract

Exhibit 10.58: Material Contract

Exhibit 21: Subsidaries Of The Registrant

Exhibit 23: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32: Section 1350 Certification

Ticker: HDNG
CIK: 313716
Form Type: 10-K Annual Report
Accession Number: 0000313716-18-000028
Submitted to the SEC: Fri Mar 09 2018 9:52:43 AM EST
Accepted by the SEC: Fri Mar 09 2018
Period: Sunday, December 31, 2017
Industry: Machine Tools Metal Cutting Types