Here's a company that keeps on turning. Hardinge makes industrial machine tools for small and mid-sized shops that turn out machined parts for the automotive, medical equipment, and farm equipment industries. The company's precision turning machine tools shape metal, composites, and plastics. Its computer-controlled machines cut either horizontally or vertically and can be connected to automatic material feeders for unattended machining. The Cobra line of lathes is marketed as an inexpensive alternative for smaller shops. Hardinge also offers a line of work- and tool-holding devices. The company, which dates back to 1890, sells its products in North America, Western Europe, and the Asia/Pacific region.
Key numbers for fiscal year ending December, 2006:
Sale : $326.6M
One year growth : 12.7%
Net income : $13.9M
Income growth : 99.0%
$27.99 (08/11/07)
