Hardinge, Inc. (HDNG) Reports Q1 Earnings of $0.21; CEO Comments on Outlook
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Price: $18.50 --0%
Financial Fact:
Income (loss) before income taxes: -726K
Today's EPS Names:
OFLX, VAXX, NMRD, More
Financial Fact:
Income (loss) before income taxes: -726K
Today's EPS Names:
OFLX, VAXX, NMRD, More
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Hardinge, Inc. (NASDAQ: HDNG) reported Q1 EPS of $0.21, versus $0.12 reported last year. Revenue for the quarter came in at $74.65 million, versus $73.48 million reported last year.
CEO said, “Although we know our markets can vary quickly with changing economic conditions, as we look further out, we do believe that the long-term trends of approximately 10% compounded annual growth in machine tool consumption projected by industry analysts are reasonable. This industry growth is expected to be primarily in Asia, where we are well positioned with products and operations to take advantage of this opportunity. Given that level of global growth, we believe we can leverage operations and achieve improved earnings over time. Through careful management of working capital and capital investments, we are focused on building shareholder value.”
For earnings history and earnings-related data on Hardinge, Inc. (HDNG) click here.
CEO said, “Although we know our markets can vary quickly with changing economic conditions, as we look further out, we do believe that the long-term trends of approximately 10% compounded annual growth in machine tool consumption projected by industry analysts are reasonable. This industry growth is expected to be primarily in Asia, where we are well positioned with products and operations to take advantage of this opportunity. Given that level of global growth, we believe we can leverage operations and achieve improved earnings over time. Through careful management of working capital and capital investments, we are focused on building shareholder value.”
For earnings history and earnings-related data on Hardinge, Inc. (HDNG) click here.
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