Correcting years for Income Statements, Three Months Ended December 31, should read 1995, 1994; sted 1994, 1995.--(BUSINESS WIRE)--Jan. 30, 1996--In BW1026 (HARDINGE Hardinge may refer to:
Hardinge Inc. Income Statements (in thousands, except per share data)
Three months ended Twelve months ended
December 31 December 31
1995 1994 1995 1994
Net sales $ 56,181 31,385 $180,586 $117,336 Cost of sales 38,129 20,939 119,975 76,937 Gross Profit 18,052 10,446 60,611 40,399 SG&A 9,765 7,239 36,076 27,882 Income from Operations 8,287 3,207 24,535 12,517 Interest expense 224 405 1,369 1,479 Interest (income) (305) (132) (927) (453) (Gain) on sales of asset - (442) (326) (442) Income before income taxes 8,368 3,376 24,419 11,933 Income taxes 3,284 1,696 9,574 5,214 Net Income $ 5,084 $1,680 $14,845 $6,719 Earnings per share $ .82 $ .47(a) $ 2.99(a) 1.88(a) Weighted average shares outstanding 6,217 3,586(a) 4,969(a) 3,573(a) Other financial data: Gross margin 32.1% 33.3% 33.6% 34.4% Operating margin 14.8% 10.2% 13.6% 10.7% Capital expenditures $9,583 $3,171 $17,703 $8,046 Depreciation & Amortization $1,890 $ 854 $ 5,952 $4,354 (a) Historical eps and weighted average shares outstanding have been restated to give effect to the conversion of the company's Class A commmon stock and Class B common stock into Common stock on May 25, 1995, which was accounted for a stock split. CONTACT: Hardinge Inc., Elmira Elmira (ĕlmī`rə), city (1990 pop. 33,724), seat of Chemung co., extreme S central N.Y., on the Chemung River; settled 1788, inc. 1864. Malcolm Malcolm, Máel Coluim, or Maol Choluim may refer to: Nobility
or Gavin Gavin is a common given name in Ireland, England, Scotland, and Wales. It is the late medieval form of the name Gawain, which in turn is believed to have originated from the Welsh name Gwalchgwn, meaning "white hawk. Anderson Anderson, river, Canada Anderson, river, c.465 mi (750 km) long, rising in several lakes in N central Northwest Territories, Canada. It meanders north and west before receiving the Carnwath River and flowing north to Liverpool Bay, an arm of the Arctic & Company, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Cameron Cam·er·on , Mount A peak, 4,342.6 m (14,238 ft) high, in the Rocky Mountains of central Colorado. King, 212/373-0200 |
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