Hurco Companies

Hurco Cos., Inc. is an international industrial technology company, which engages in the design, manufacture and sale of computerized machine tools. It also offers machine tool components, software options, control upgrades, and accessories and replacement parts for its products, as well as customer service and training and applications support. The company was founded by Edward Humston and Gerald V. Roch in 1968 and is headquartered in Indianapolis, IN.

Earnings data Q1 2021

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Hurco Cos., Inc. is an international industrial technology company, which engages in the design, manufacture, and sale of computerized machine tools. It also offers machine tool components, software options, control upgrades, and accessories and replacement parts for its products, as well as customer service and training and applications support. The company was founded by Edward Humston and Gerald V. Roch in 1968 and is headquartered in Indianapolis, IN.

INDIANAPOLIS, June 02, 2023 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the second fiscal quarter ended April 30, 2023. Hurco recorded net income of $377,000, or $0.06 per diluted share, for the second quarter of fiscal year 2023, compared to net income of $2,029,000, or $0.30 per diluted share, for the corresponding period in fiscal year 2022. For the first six months of fiscal year 2023, Hurco reported net income of $1,707,000, or $0.26 per diluted share, compared to net income of $5,564,000, or $0.83 per diluted share, for the corresponding period in fiscal year 2022.

Hurco Reports Second Quarter Results for Fiscal Year 2023

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Hurco's fiscal first quarter results met my expectations, but did show clear weakness in North American and European sales that was significantly worse than typical industrial reports for the quarter. Uncertainty is the word of the day now, with many companies guiding to weaker demand in the second half of 2023 and warning of below-average visibility on customer demand.

Hurco: Navigating Elevated Uncertainty And A Short-Cycle Slowdown

INDIANAPOLIS, March 10, 2023 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Hurco Companies, Inc. (Nasdaq: HURC), please note that GlobeNewswire did not include all tables in the initial transmission. The corrected release follows:

CORRECTION -- Hurco Reports First Quarter Results For Fiscal Year 2023 and Announces Quarterly Cash Dividend

INDIANAPOLIS, March 10, 2023 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the first fiscal quarter ended January 31, 2023. Hurco recorded net income of $1,330,000, or $0.20 per diluted share, for the first quarter of fiscal year 2023, compared to net income of $3,535,000, or $0.53 per diluted share, for the corresponding period in fiscal year 2022.

Hurco Reports First Quarter Results For Fiscal Year 2023 and Announces Quarterly Cash Dividend

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Hurco reported both year-over-year and sequential growth in constant currency terms, with strong margin leverage on improved overhead absorption. Orders declined 14% yoy in constant currency, book-to-bill is

Hurco Closes The Fiscal Year Strong, But Not Quite In The Clear Yet

INDIANAPOLIS, Jan. 06, 2023 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the fourth fiscal quarter and fiscal year ended October 31, 2022. Hurco recorded net income of $1,424,000, or $0.22 per diluted share, for the fourth quarter of fiscal 2022, compared to net income of $2,096,000, or $0.31 per diluted share, for the corresponding period in fiscal 2021. For fiscal year 2022, Hurco reported net income of $8,226,000, or $1.23 per diluted share, compared to net income of $6,764,000, or $1.01 per diluted share, for fiscal year 2021.

Hurco Reports Fourth Quarter and Full Year Results for Fiscal 2022

Hurco's fiscal third quarter revenue and margin performance weren't bad, but orders are starting to erode. Hurco often leads larger rivals through the cycle, as its smaller, more specialized customer base is more sensitive to near-term economic trends.

Hurco Treading Water As The Cycle Turns

INDIANAPOLIS, Sept. 02, 2022 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the third fiscal quarter ended July 31, 2022. Hurco recorded net income of $1,238,000, or $0.18 per diluted share, for the third quarter of fiscal 2022, compared to net income of $1,568,000, or $0.23 per diluted share, for the corresponding period in fiscal 2021. For the nine months of fiscal 2022, Hurco reported net income of $6,802,000, or $1.01 per diluted share, compared to net income of $4,668,000, or $0.70 per diluted share, for the corresponding period in fiscal 2021.

Hurco Reports Third Quarter Results for Fiscal 2022

Hurco shares have underperformed a weak industrial sector, as investors have worried about a reversal in short-cycle demand and capex investments. Orders have started shrinking, driving the book-to-bill below 1.0x.

Hurco Already Hit Hard In Anticipation Of Weaker Capex Spending

Sales and net profit grew in the second quarter. Shares now approaching long-term support.

Hurco Companies: Buying On A Confirmed Swing

INDIANAPOLIS, June 03, 2022 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the second fiscal quarter ended April 30, 2022. Hurco recorded net income of $2,029,000, or $0.30 per diluted share, for the second quarter of fiscal 2022, compared to net income of $2,437,000, or $0.36 per diluted share, for the corresponding period in fiscal 2021. For the first six months of fiscal 2022, Hurco reported net income of $5,564,000, or $0.83 per diluted share, compared to net income of $3,100,000, or $0.46 per diluted share, for the corresponding period in fiscal 2021.

Hurco Reports Second Quarter Results for Fiscal 2022

INDIANAPOLIS, March 04, 2022 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the first fiscal quarter ended January 31, 2022. Hurco recorded net income of $3,535,000, or $0.53 per diluted share, for the first quarter of fiscal 2022, compared to net income of $663,000, or $0.10 per diluted share, for the corresponding period in fiscal 2021.

Hurco Reports First Quarter Results for Fiscal 2022

Hurco has posted strong revenue and order growth as manufacturing customers resume capital investments in response to capacity limits and less pandemic-driven uncertainty. Margins have taken a hit from supply chain issues and mix; management has been proactive on SG&A costs, but gross margin improvement is needed.

Hurco Still Unfollowed And Unloved, But Delivering On Improving End-Market Conditions

INDIANAPOLIS, Jan. 07, 2022 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the fourth fiscal quarter and fiscal year ended October 31, 2021. Hurco recorded net income of $2,096,000, or $0.31 per diluted share, for the fourth quarter of fiscal 2021, compared to a net loss of $3,589,000 or $(0.54) per diluted share, for the corresponding period in fiscal 2020. For fiscal 2021, Hurco reported net income of $6,764,000, or $1.01 per diluted share, compared to a net loss of $6,247,000, or $(0.93) per diluted share, for fiscal 2020. The net loss for the fourth quarter and fiscal 2020 included a one-time $4,903,000 non-cash goodwill impairment charge attributable primarily to the then prolonged ongoing uncertainty in the global markets due to the COVID-19 pandemic.

Hurco Reports Fourth Quarter and Full Year Results for Fiscal 2021

INDIANAPOLIS, Sept. 03, 2021 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the third fiscal quarter ended July 31, 2021. Hurco recorded net income of $1,568,000, or $0.23 per diluted share, for the third quarter of fiscal 2021, compared to net income of $2,162,000 or $0.32 per diluted share, for the corresponding period in fiscal 2020. For the nine months of fiscal 2021, Hurco reported net income of $4,668,000, or $0.70 per diluted share, compared to a net loss of $2,658,000, or $(0.39) per diluted share, for the corresponding period in fiscal 2020.

Hurco Reports Third Quarter Results for Fiscal 2021

Hurco reported improved fiscal second quarter performance, with revenue and order growth of 56% and 80%, respectively, and a 1.13x book-to-bill, but revenue and order levels still below longer-term levels. Capex demand is still uneven across sectors, but both the U.S. and Germany are seeing meaningful improvements in machine tool orders and capacity utilization.

Hurco Seeing Real Evidence Of The Turn

INDIANAPOLIS, June 04, 2021 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the second fiscal quarter ended April 30, 2021. Hurco recorded net income of $2,437,000, or $0.36 per diluted share, for the second quarter of fiscal 2021, compared to a net loss of $3,927,000, or $(0.58) per diluted share, for the corresponding period in fiscal 2020. For the first six months of fiscal 2021, Hurco reported a net income of $3,100,000, or $0.46 per diluted share, compared to a net loss of $4,820,000, or $(0.71) per diluted share, for the corresponding period in fiscal 2020.

Hurco Reports Second Quarter Results for Fiscal 2021

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Dividend Increases: March 6-12, 2021

INDIANAPOLIS, March 12, 2021 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq Global Select Market: HURC) today announced that its Board of Directors approved payment of a cash dividend of $0.14 per share of common stock. The dividend will be paid on April 12, 2021, to shareholders of record as of close of business on March 29, 2021. Future declarations of dividends are subject to approval of the Board of Directors and may be adjusted as business needs or market conditions change.

Hurco Announces Cash Dividend & Share Repurchase Program

INDIANAPOLIS, March 12, 2021 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq Global Select Market: HURC) today announced that, in connection with its long-term succession planning strategy, Michael Doar will transition from the role of Chief Executive Officer to the position of Executive Chairman of the Board, effective immediately. In his new role as Executive Chairman, Mr. Doar will continue to serve as a director of the company and will focus on growth and acquisition plans, board governance, development, and engagement, and other high-level strategic initiatives.

Hurco Announces Leadership Transition

Hurco reported strong revenue growth on recovering industrial demand, though gross margins were hit by competitors that choose to cut prices to move excess inventory. Orders continue to show a recovery underway across all markets, but Hurco management and other machine tool companies have remained relatively cautious on the near-term outlook.

Hurco Seeing A Quicker Pace Of Recovery, And Still Undervalued

News for Hurco Companies Stock (HURC)