Hardinge (HDNG) Reports Q1 Loss of $0.05
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Hardinge Reports First Quarter 2017 Results
May 5, 2017 6:30 AM EDTELMIRA, N.Y.--(BUSINESS WIRE)-- Hardinge Inc. (NASDAQ: HDNG), a leading international provider of advanced metal-cutting solutions and accessories, reported financial results for its first quarter ended March 31, 2017.
Orders for the first quarter increased 12% to $72.9 million compared with the prior-year period on strength in Europe, up 24%, and Asia, up 17%. North America was down a moderate 1%. As expected, sales for the quarter were soft at $64.6 million, down 5% from the prior years first quarter. Excluding the $1.5 million impact of foreign currency exchange, sales were down 3%.... More