CSIMarket
 
Hurco Companies inc   (HURC)
Other Ticker:  
 
 
Price: $19.2600 $0.03 0.156%
Day's High: $19.42 Week Perf: 0.57 %
Day's Low: $ 19.09 30 Day Perf: -4.65 %
Volume (M): 17 52 Wk High: $ 28.20
Volume (M$): $ 322 52 Wk Avg: $21.93
Open: $19.19 52 Wk Low: $18.87



 Market Capitalization (Millions $) 125
 Shares Outstanding (Millions) 6
 Employees 769
 Revenues (TTM) (Millions $) 218
 Net Income (TTM) (Millions $) 1
 Cash Flow (TTM) (Millions $) -19
 Capital Exp. (TTM) (Millions $) 3

Hurco Companies Inc

Hurco Companies, Inc. is an industrial technology company. We design, manufacture and sell computerized (i.e., Computer Numeric Control) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry through a worldwide sales, service and distribution network. Although our computer control systems and software products are proprietary, they predominantly use industry standard personal computer components. Our computer control systems and software products are primarily sold as integral components of our computerized machine tool products.

Milltronics manufactures and sells Computer Numerical Control (“CNC”) knee mills, tool room bed mills, vertical machining centers, combination lathes, slant-bed lathes, horizontal machining centers, and bed mills. During the third quarter of fiscal 2015, we also acquired the assets of the machine tool business of Takumi Machinery Co., Ltd. (“Takumi”), a Taiwanese company that designs and manufactures CNC vertical machining centers, double column machining centers, high speed bridge machines and other machine tools, with sales primarily in Taiwan, China and Europe. Takumi machines are equipped with industrial controls from Fanuc®, Siemens®, Mitsubishi® or Heidenhain®', which can be used in high-volume parts manufacturing. We are operating this Taiwanese business through our subsidiary, Hurco Manufacturing Limited (“HML”). These acquisitions contribute to our efforts to expand our consolidated product range, customer base and global platform, and we believe may accelerate emerging market penetration, particularly in strategic markets such as China and South America. The combined Hurco, Milltronics and Takumi businesses represent a comprehensive product portfolio with more than 150 different models. The combined machine tool product lines also provide benefits related to the development of product enhancements, technologies and models due to leverage of shared resources and cross-utilization of proven engineering designs that allow us to achieve manufacturing cost reductions from economies of scale and manufacturing efficiencies.

Machine tool products are considered capital goods, which makes them part of an industry that has historically been highly cyclical.

Although industry association data for the U.S. machine tool market is available, that market only accounts for approximately 14% of worldwide consumption. Reports available for the U.S. machine tool market include:

United States Machine Tool Consumption – generated by the Association for Manufacturing Technology, this report includes metal cutting machines of all types and sizes, including segments in which we do not compete
Purchasing Manager’s Index - developed by the Institute for Supply Management, this report includes activity levels in U.S. manufacturing plants that purchase machine tools
Capacity Utilization of Manufacturing Companies – issued by the Federal Reserve Board


A limited amount of information is available for foreign markets, and different reporting methodologies are used by various countries. Machine tool consumption data published by Gardner Publications, Inc., calculates machine tool consumption annually by country. It is important to note that data for foreign countries are based on government reports that may lag 6 to 12 months and, therefore, are unreliable for forecasting purposes.

Demand for capital equipment can fluctuate significantly during periods of changing economic conditions. Manufacturers and suppliers of capital goods, such as our company, are often the first to experience these changes in demand. Additionally, since our typical order backlog is approximately 45 days, it is difficult to estimate demand with any reasonable certainty. Therefore, we do not have the benefit of relying on the common leading indicators that other industries use for market analysis and forecasting purposes.

Our core products consist of general purpose computerized machine tools for the metal cutting industry, principally, vertical machining centers (mills) and turning centers (lathes). The majority of our machine tools are equipped and integrated fully with our proprietary software and computer control systems, while a small percentage are equipped with industry standard controls. Additionally, we produce and distribute software options, control upgrades, hardware accessories and replacement parts for our machine tool product lines, and we provide operator training and support services to our customers. We also produce computer control systems and related software for press brake applications that are sold as retrofit units for installation on existing or new press brake machines.



   Company Address: One Technology Way Indianapolis 46268 IN
   Company Phone Number: 293-5309   Stock Exchange / Ticker: NASDAQ HURC
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
• View Complete Report
   



Dividend

Hurco Companies, Inc. Approves Cash Dividend on Common Stock, Demonstrating Financial Strength amidst Short-term Share Price Decline

Published Fri, Mar 15 2024 12:00 PM UTC

Hurco Companies, Inc. Demonstrates Financial Strength with Approval of Cash Dividend on Common Stock
Indianapolis, March 15, 2024 - Hurco Companies, Inc. (Nasdaq Global Select Market: HURC), a prominent international industrial technology company, has announced the approval of a quarterly cash dividend of $0.16 per share on its issued and outstanding common stock. In a p...

Hurco Companies Inc

Hurco Companies Inc Faces Financial Headwinds with Declining Sales and Profitability

Hurco Companies, Inc. has recently reported a decline in its financial performance for the November to January 31, 2024 fiscal time-frame. The company slipped into a loss of $-0.25 per share, compared to a profit of $0.20 per share in the previous year. Additionally, earnings per share fell from $0.37 to $0.25 per share, indicating a significant decrease in profitability.
The revenue for the same period also saw a substantial decline of -17.598% to $45.06 million from $54.68 million in the previous year. Sequentially, revenue tumbled by -31.837% from $66.11 million, pointing towards a downward trend in the company's sales performance. Furthermore, Hurco Companies Inc. reported a net loss of $-1.648 million for the specified time-frame, compared to a bottom line profit of $1.330 million in the corresponding reporting season a year before.

Hurco Companies Inc

1 - Hurco Companies Inc Reports Impressive 74.08% Surge in Income Per Share, Strengthening Financial Position

Hurco Companies Inc Posts Impressive Profitability Numbers, Signals Strengthened Financial Position
INDIANAPOLIS, Jan. 05, 2024 ? Hurco Companies Inc (Nasdaq: HURC), a prominent player in the Electronic Instruments & Controls sector, recently released its financial results for the fiscal year ending October 31, 2023. The company reported a remarkable increase in income per share and revenue, along with improved profit margins, indicating a strengthened financial position.
In the three-month period from August to October 31, 2023, Hurco Companies Inc witnessed a significant surge in income per share, which rose by an impressive 74.08% to $0.37 per share. This exceptional growth showcases the company's ability to generate substantial returns for its investors. Furthermore, revenue experienced a moderate increase of 4.165%, reaching $66.11 million compared to the same period the previous year.

Dividend

Hurco Companies, Inc. Demonstrates Financial Strength with Approval of Cash Dividend on Common Stock

Published Fri, Nov 10 2023 1:01 PM UTC

Hurco Companies, Inc. Demonstrates Financial Strength with Approval of Cash Dividend on Common Stock
Hurco Companies, Inc., a leading international industrial technology company, has announced the approval of a cash dividend of $0.16 per share on its issued and outstanding common stock. This decision reflects the company's commitment to providing value to its shareholder...

Dividend

Hurco Companies, Inc. Demonstrates Financial Strength with Approval of Cash Dividend on Common Stock

Published Fri, Sep 15 2023 12:00 PM UTC

Hurco Companies, Inc. Approves Cash Dividend on Common Stock
INDIANAPOLIS, Sept. 15, 2023 - Hurco Companies, Inc. (Nasdaq Global Select Market: HURC), a leading global industrial technology company, announced today that its Board of Directors has approved the payment of a cash dividend of $0.16 per share on its issued and outstanding common stock. The dividend will be pa...






 

Hurco Companies Inc's Segments
 
 
• View Complete Report




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com