Hurco Companies, Inc. Stock News

Like the larger machinery capex space, Hurco has struggled to find a cyclical bottom, and the current business environment is a challenging one for its generally smaller clientele. Fiscal Q1 saw a 14% sequential revenue decline, with gross margin contraction and a larger operating loss, and management saw a mix shift toward more value-priced machinery. Orders fell 20% YoY and 22% QoQ, with a bo...

INDIANAPOLIS, March 07, 2025 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the first fiscal quarter ended January 31, 2025. Hurco recorded a net loss of $4,320,000, or $0.67 loss per diluted share, for the first quarter of fiscal year 2025, which included a non-cash tax valuation allowance of $2,385,000 recorded in provision for income taxes, compared to a ...

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 ...