Hurco Companies, Inc. Stock News

Hurco faced a challenging 2024 with weak demand among its smaller manufacturing customer base, with higher interest rates and election uncertainties, leading to reduced capital spending. Hurco's exposure to smaller manufacturers and European markets led to a significant peak-to-trough decline, but orders seem to be stabilizing ahead of end-market recoveries around mid-2025. Hurco has leverage t...

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 ...

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 Hurc...

Hurco is rated as a HOLD due to current economic factors beyond its control affecting business performance. A significant drop in sales in Europe, the U.S., and China, are impacting Hurco's revenues. The company's success is closely tied to the industrial manufacturing sectors in the U.S., Italy, Germany, the U.K., France, India, and China.

Innovative collaboration between Hurco Companies, Inc. and Universal Robots delivers a new turnkey automation system that empowers manufacturers despite a tightening labor market Innovative collaboration between Hurco Companies, Inc. and Universal Robots delivers a new turnkey automation system that empowers manufacturers despite a tightening labor market

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 $9,5...