Profile
Sector:
IndustrialsIndustry:
Specialty Industrial MachineryCountry:
United StatesIPO:
27 August 1980Website:
http://www.hurco.comNext earnings report:
03 January 2025Last dividends:
27 March 2024Next dividends:
N/APrice
after hours | Wed, 20 Nov 2024 21:02:30 GMTAnalysts recommendations
Institutional Ownership
HURC Latest News
INDIANAPOLIS, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC), announced today its vision to drive the future of Autonomous Machining Centers by harnessing the power of AI, mechatronics, motion, and simulation technologies.
INDIANAPOLIS, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) made waves at the 2024 International Manufacturing Technology Show (IMTS), unveiling cutting-edge technological advancements that mark a turning point in the company's ability to leverage emerging AI technology directly into its core control software. Business owners and operators will be excited to learn that these innovations, born from relentless R&D efforts, position Hurco as a leader in machine tool technology. Visitors to IMTS were given an exclusive preview of the revolutionary AI-driven features that will define Hurco's next-generation control systems, showcasing the company's forward momentum and continued leadership in CNC control technology.
INDIANAPOLIS, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) delivered a standout performance at the 2024 International Manufacturing Technology Show (IMTS) in Chicago, showcasing groundbreaking advancements in CNC technology and control systems. The company's expanded 16,000-square-foot booth attracted an abundance of visitors at a well-attended show, underscoring Hurco's leadership in innovation and ability to meet the evolving needs of manufacturers.
Hurco's overall topline is dampened by revenue declines in all its geographic regions.
INDIANAPOLIS, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the third fiscal quarter ended July 31, 2024. Hurco recorded a net loss of $9,596,000, or $(1.47) per diluted share, in the third quarter of fiscal year 2024, which included a non-cash tax valuation allowance of $8,158,000 recorded in provision for income taxes. This net loss of $9,596,000 for the third quarter of fiscal 2024 compares to net income of $260,000, or $0.04 per diluted share, for the corresponding period in fiscal year 2023. For the nine months of fiscal year 2024, Hurco reported a net loss of $15,166,000, or $(2.33) per diluted share, compared to net income of $1,967,000, or $0.30 per diluted share, for the corresponding period in fiscal year 2023. The net loss for the nine months of fiscal 2024 also included the $8,158,000 non-cash tax valuation allowance recorded in provision for income taxes.
Hurco Companies, Inc. will highlight the benefits of the company's relentless focus on control technology and product development at 2024 IMTS Booth #338319 Hurco Companies, Inc. will highlight the benefits of the company's relentless focus on control technology and product development at 2024 IMTS Booth #338319
Companies will present interactive, no-code, turnkey, robotic machine tending demos in booth #236520 and booth #338319 at the 2024 International Manufacturing Technology Show (IMTS) in Chicago, Illinois (USA)
Hurco Cos. Inc.'s stock HURC, -0.75% tumbled 12.8% early Friday, after the industrial technology company said it's suspending its quarterly dividend as it works to enhance its financial flexibility. “While it was a difficult decision, we believe that temporarily suspending the quarterly cash dividend on Hurco's common stock will provide near-term benefits to our cash flow management while also allowing us to enhance our balance sheet and more optimally allocate available capital among various strategies,” said Greg Volovic, chief executive of the Indianapolis-based company, in prepared remarks.
INDIANAPOLIS, June 14, 2024 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq Global Select Market: HURC) (“Hurco” or the “Company”), an international industrial technology company, announced today that its Board of Directors (the “Board”) elected to temporarily suspend the Company's regular quarterly cash dividend on its common stock, effective immediately. The decision comes as the Company seeks to enhance its financial flexibility and improve its ability to manage market volatility while focusing on strengthening its balance sheet, reinvesting in the Company's core business and research and development related to emerging technologies, and returning value to shareholders via the appropriate channels in both the near and long-term.
Hurco's (HURC) overall topline is dampened by revenue declines in all its geographic regions.
What type of business is Hurco Companies?
Hurco Companies, Inc., an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. Its principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines. The company also provides computer control systems and related software for press brake applications. In addition, it offers machine tool components, automation integration equipment, and solutions for job shops; and software options, control upgrades, and accessories and replacement parts for its products, as well as customer service, training, and applications support services. Further, the company provides Autobend computer control systems for press brake machines. It serves independent job shops and specialized short-run production applications within large manufacturing operations, as well as precision tool, die, and mold manufacturers in aerospace, defense, medical equipment, energy, automotive/transportation, electronics, and computer industries. The company sells its products under the Hurco, Milltronics, and Takumi brands through independent agents and distributors, as well as through its direct sales and service organizations. Hurco Companies, Inc. was incorporated in 1968 and is headquartered in Indianapolis, Indiana.
What sector is Hurco Companies in?
Hurco Companies is in the Industrials sector
What industry is Hurco Companies in?
Hurco Companies is in the Specialty Industrial Machinery industry
What country is Hurco Companies from?
Hurco Companies is headquartered in United States
When did Hurco Companies go public?
Hurco Companies initial public offering (IPO) was on 27 August 1980
What is Hurco Companies website?
https://www.hurco.com
Is Hurco Companies in the S&P 500?
No, Hurco Companies is not included in the S&P 500 index
Is Hurco Companies in the NASDAQ 100?
No, Hurco Companies is not included in the NASDAQ 100 index
Is Hurco Companies in the Dow Jones?
No, Hurco Companies is not included in the Dow Jones index
When was Hurco Companies the previous earnings report?
No data
When does Hurco Companies earnings report?
The next expected earnings date for Hurco Companies is 03 January 2025