| Business Summary | | Hardinge
Inc.
is
a
machine
tool
manufacturer
that
designs,
manufactures
and
distributes
metal-cutting
lathes,
grinding
machines,
machining
centers,
electrical
discharge
machines
and
tooling
and
accessories
related
to
metal-cutting
machines.
Sales
occur
principally
in
the
United
States
and
Western
Europe.
Sales
are
also
made
to
customers
in
Canada,
China,
Mexico,
Japan,
Australia
and
other
foreign
countries.
A
substantial
portion
of
the
Company's
sales
are
to
small
and
medium-sized
independent
job
shops,
which
in
turn
sell
machined
parts
to
their
industrial
customers.
Industries
directly
and
indirectly
served
by
the
Company
include
automotive,
medical
equipment,
aerospace,
defense,
telecommunications,
fiber
optics,
recreational
equipment,
farm
equipment,
construction
equipment,
energy
and
transportation. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HDNG
is
a
machine
tool
manufacturer,
which
designs,
manufactures
and
sells
metal
cutting
lathes,
grinding
machines,
machining
centers,
electrical
discharge
machines
and
related
tooling.
For
the
three
months
ended
3/31/01,
sales
rose
22%
to
$58.4
million.
Net
income
rose
1%
to
$2.2
million.
Revenues
reflect
the
acquisition
of
HTT
Hauser
Tripet
Tschudin
on
12/22/00.
Earnings
were
partially
offset
by
increased
administrative
expenses
as
a
percentage
of
revenues. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
55,872;
after
tax
earnings
were
1,782. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| E. Martin Gibson, 63 Chairman | -- | J. Patrick Ervin, 43 Pres,
CEO, Chief Operating Officer, Director | $333K | Richard Simons, 45 CFO,
Exec. VP, Director | 281K | Douglas Tifft, 46 Sr.
VP, Admin. | 227K | Richard Hendrick, 47 VP,
Controller | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|