Welcome to our dedicated page for Hurco Co news (Ticker: HURC), a resource for investors and traders seeking the latest updates and insights on Hurco Co stock.
Hurco Companies, Inc. (Nasdaq: HURC) generates a steady flow of news as an international industrial technology company focused on CNC machine tools, controls, and automation for the metal cutting and metal forming industry. Investors and industry followers can use this page to review company announcements, financial updates, and product-related developments that affect the HURC stock story and Hurco’s position in precision manufacturing.
Regular news items include quarterly and annual financial results, where Hurco reports sales and service fees, gross profit, and order trends across the Americas, Europe, and Asia Pacific. These releases often discuss changes in product mix, demand for Hurco, Milltronics, and Takumi machines, the impact of tariffs and cost reductions, and updates on cash, working capital, and share repurchase activity.
Hurco also issues news about its technology roadmap and automation initiatives. Recent announcements have highlighted AI-driven control features, the company’s vision for Autonomous Machining Centers, and tools such as ChatCNC Chatbot and AI Feature Recognition embedded in its control software. Other news has covered collaborations with partners like Universal Robots and the use of ProCobots collaborative robotic systems to provide integrated automation solutions for CNC machines.
In addition, governance and leadership updates, such as disclosures about executive chair transitions, are communicated through press releases and related filings. For anyone tracking developments in CNC machine tools, industrial automation, and AI-enabled manufacturing, this news feed offers a centralized view of Hurco’s public communications over time.
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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.
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.
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.
Hurco Companies, Inc. (HURC) announced a cash dividend of $0.15 per share, payable on October 17, 2022, to shareholders of record as of October 3, 2022. This decision reflects the company's ongoing commitment to returning value to shareholders. Future dividends are subject to board approval and may change based on business needs and market conditions. Hurco specializes in CNC machine tools, serving diverse industries including aerospace, medical, and energy, with a global presence in manufacturing and sales.
Hurco Companies, Inc. (HURC) reported third-quarter fiscal 2022 net income of $1,238,000 ($0.18 per diluted share), down from $1,568,000 ($0.23 per diluted share) a year prior. Sales increased 6% to $57,640,000 despite an 8% negative currency impact. For the first nine months, net income rose to $6,802,000 ($1.01 per diluted share) from $4,668,000 ($0.70 per diluted share) year-over-year. Orders decreased 21% to $52,882,000, primarily due to reduced customer demand, especially in Asia due to COVID-19 lockdowns. Gross profit improved to 25% of sales, aided by inflationary pricing and higher-performance machine shipments.
Hurco Companies, Inc. (HURC) has declared a cash dividend of $0.15 per share, to be paid on July 11, 2022, for shareholders on record by June 27, 2022. This decision reflects the company's commitment to returning value to shareholders. Future dividends will depend on Board approval and may be adjusted based on the company's business needs or market conditions. Hurco specializes in CNC machine tools, with customers in various industries, including aerospace and medical.
Hurco Companies, Inc. (HURC) reported a net income of $2,029,000 or $0.30 per diluted share for Q2 of fiscal 2022, down from $2,437,000 or $0.36 per diluted share in Q2 of fiscal 2021. Year-to-date net income reached $5,564,000 ($0.83 per diluted share), up from $3,100,000 ($0.46). Total sales for Q2 increased 8% to $62,825,000, while orders dropped 10% to $58,858,000. Significant challenges include inflation, vendor delays, and COVID-19 lockdowns impacting sales in Asia. Despite these headwinds, the company sees growth in the Americas and Europe.
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