Hurco Companies inc (HURC) |
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Price: $20.6300
$-0.35
-1.668%
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Day's High:
| $21.24
| Week Perf:
| 2.13 %
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Day's Low: |
$ 20.60 |
30 Day Perf: |
-18.52 % |
Volume (M): |
29 |
52 Wk High: |
$ 28.20 |
Volume (M$): |
$ 594 |
52 Wk Avg: |
$22.38 |
Open: |
$20.90 |
52 Wk Low: |
$19.29 |
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Market Capitalization (Millions $) |
134 |
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
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Next quarterly dividend pay out on April 12, 2024. |
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Stock Performances by Major Competitors |
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Dividend
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...
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Hurco Companies Inc
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.
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Hurco Companies Inc
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.
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Dividend
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...
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Dividend
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...
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Per Share |
Current |
Earnings (TTM) |
0.22 $ |
Revenues (TTM) |
33.65 $
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Cash Flow (TTM) |
- |
Cash |
5.85 $
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Book Value |
34.64 $
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Dividend (TTM) |
0.64 $ |
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Per Share |
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Earnings (TTM) |
0.22 $
|
Revenues (TTM) |
33.65 $ |
Cash Flow (TTM) |
- |
Cash |
5.85 $
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Book Value |
34.64 $ |
Dividend (TTM) |
0.64 $ |
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