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Hurco Cos Inc - HURC STOCK NEWS

Welcome to our dedicated page for Hurco Cos news (Ticker: HURC), a resource for investors and traders seeking the latest updates and insights on Hurco Cos stock.

Hurco Companies Inc. (NASDAQ: HURC) is a leading industrial technology company based in Indianapolis, Indiana. Known for designing and producing interactive computer controls, software, and computerized machine tools, Hurco serves the global metal cutting and metal forming industry.

The company's core products include vertical machining centers, turning centers, and user-friendly computer control systems. These products cater to a wide array of industries such as aerospace, defense, medical equipment, energy, transportation, and computer equipment. Hurco’s primary clientele consists of independent job shops and short-run manufacturing operations within large corporations.

Hurco operates manufacturing facilities in Taiwan and China and utilizes a comprehensive sales, service, and distribution network across North America, Europe, and Asia. The company maintains subsidiaries in numerous countries, including Canada, China, England, France, Germany, India, Italy, Poland, Singapore, South Africa, and the United States.

Hurco’s commitment to innovation and quality is reflected in its wide range of products, such as the 5-Axis VMC, 3-Axis VMC, Horizontal MC, and Turning Centers. The company’s strategic focus on creating user-friendly systems ensures that both skilled and unskilled operators can efficiently use their machinery.

With a substantial portion of revenue generated from the United States, Hurco continues to expand its global presence and enhance its technological capabilities to provide superior solutions in the metalworking industry.

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Hurco Companies, Inc. reported a net loss of $1,648,000 for Q1 2024, with sales decreasing by 18%. Despite disappointing results, positive shifts were seen in the Americas and Asia Pacific regions. The company is investing in innovation and relocating Milltronics to enhance customer service.
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Hurco Companies, Inc. (Nasdaq: HURC) reported net income of $2,422,000 for Q4 2023, compared to $1,424,000 for Q4 2022. Sales and service fees for Q4 2023 were $66,105,000, an increase of 4%, but for fiscal year 2023, sales decreased by 9% to $227,807,000. Orders for Q4 2023 were $54,141,000, a decrease of 7%, and for fiscal year 2023, orders decreased by 13% to $209,676,000.
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Hurco Companies, Inc. (HURC) announces approval of $0.16 per share cash dividend, payable on January 16, 2024, to shareholders of record as of January 2, 2024. The company's products cater to the metal cutting and metal forming industry, including precision parts, tools, dies, and molds for aerospace, defense, medical equipment, energy, transportation, and computer equipment. Hurco operates globally and has manufacturing operations in Taiwan, Italy, the U.S., and China.
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Hurco Companies, Inc. approves cash dividend of $0.16 per share on its common stock, payable on October 16, 2023.
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Hurco Companies, Inc. reports Q3 2023 results with net income of $260,000, a decrease of 79% compared to the same period last year. Sales and service fees for Q3 2023 were $53.2 million, a decrease of 8% compared to the same period last year. Orders for Q3 2023 were $42.1 million, a decrease of 20% compared to the same period last year. Gross profit for Q3 2023 was $13.4 million, or 25% of sales. Selling, general, and administrative expenses for Q3 2023 were $12.4 million, or 23% of sales. Cash and cash equivalents totaled $41 million at July 31, 2023.
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Hurco Companies, Inc. (Nasdaq: HURC) reported a decline in net income for Q1 FY 2023, posting $1.33 million, or $0.20 per share, down from $3.54 million, or $0.53 per share, in Q1 FY 2022. Sales fell to $54.68 million, an 18% decrease attributed to a $3.19 million adverse currency impact. Orders also dipped by 25% to $53.23 million. Regional sales decreased across the Americas (8%), Europe (16%), and Asia Pacific (53%). Gross profit was $12.72 million, or 23% of sales, down from 25% in the previous year. The company continues to focus on innovation and maintaining liquidity, with a cash dividend of $0.16 per share slated for April 10, 2023.

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Hurco Companies, Inc. (HURC) reported its fiscal Q4 and annual results for 2022, revealing a net income of $1,424,000, or $0.22 per diluted share, down from $2,096,000, or $0.31 per diluted share in Q4 2021. For the full year, net income rose to $8,226,000, or $1.23 per share, compared to $6,764,000, or $1.01 per share in 2021. Total sales decreased 8% in Q4 to $63,462,000 but increased 7% for the year to $250,814,000. A significant factor affecting results was unfavorable currency impacts. The company announced a new $25 million share repurchase program aimed at enhancing shareholder value.

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Hurco Companies, Inc. (HURC) announced a cash dividend of $0.15 per share, payable on January 17, 2023, to shareholders of record as of January 3, 2023. This decision reflects the company's commitment to returning value to shareholders amidst its operations in the CNC machine tools market. Future dividends will be subject to Board approval and may vary based on business needs and market conditions. Hurco specializes in manufacturing precision tools and parts for various industries, contributing to its broad customer base.

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FAQ

What is the current stock price of Hurco Cos (HURC)?

The current stock price of Hurco Cos (HURC) is $21.97 as of December 6, 2024.

What is the market cap of Hurco Cos (HURC)?

The market cap of Hurco Cos (HURC) is approximately 141.7M.

What does Hurco Companies Inc. specialize in?

Hurco specializes in designing and producing interactive computer controls, software, and computerized machine tools for the metal cutting and metal forming industry.

Where is Hurco Companies Inc. headquartered?

Hurco Companies Inc. is headquartered in Indianapolis, Indiana, USA.

What are the main product categories of Hurco?

The main product categories of Hurco include 5-Axis VMC, 3-Axis VMC, Horizontal MC, and Turning Centers.

Who are the primary customers of Hurco?

Hurco's primary customers are independent job shops and short-run manufacturing operations within large corporations across various industries like aerospace, defense, and medical equipment.

Where does Hurco have its manufacturing operations?

Hurco has manufacturing operations in Taiwan and China.

In which regions does Hurco primarily generate its revenue?

Hurco primarily generates its revenue from the United States of America.

How does Hurco distribute its products?

Hurco sells its products through direct and indirect sales forces throughout North America, Europe, and Asia.

What is unique about Hurco's computer control systems?

Hurco's computer control systems are designed to be user-friendly, allowing both skilled and unskilled machine tool operators to efficiently use their machinery.

Does Hurco have global subsidiaries?

Yes, Hurco has subsidiaries in various countries including Canada, China, England, France, Germany, India, Italy, Poland, Singapore, South Africa, and the United States.

Which industries benefit from Hurco's products?

Industries such as aerospace, defense, medical equipment, energy, transportation, and computer equipment benefit from Hurco's products.

Hurco Cos Inc

Nasdaq:HURC

HURC Rankings

HURC Stock Data

141.70M
5.95M
7.76%
71.6%
0.38%
Specialty Industrial Machinery
Industrial Instruments for Measurement, Display, and Control
Link
United States of America
INDIANAPOLIS