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Article: Hardinge Inc. Announces Third Quarter 2009 Results.
- Article from:
- PR Newswire
- Article date:
- November 5, 2009
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Summary of Third Quarter Results: - The Company improved its positive net cash position with consolidated cash of $25.4 million, and total debt of $12.2 million - Sales for the quarter were $50.1 million, down 42% compared to 2008 - Orders for the quarter were $46.7 million, down 49% compared to 2008 - The Company recorded one-time charges of $6.6 million related to its strategic decision to cease manufacturing non-critical parts in its Elmira, NY facility and $1.0 million for severance in Europe - Dividend of $0.005 per share declared
ELMIRA, N.Y., Nov. 5 /PRNewswire-FirstCall/ -- Hardinge Inc. , a leading international provider of advanced metal-cutting ...