Hurco Companies, Inc. (OQ:HURC)
Business Focus: Industrial Machinery & Equipment
| Sector: Industrials | Industry: Industrial Machinery & Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | One Technology Way INDIANAPOLIS IN 46268 |
| Tel: | 1-317-2935309 |
| Website: | https://www.hurco.com |
| IR: | See website |
| Key People | ||
| Michael Doar Executive Chairman of the Board | Gregory S. Volovic President, Chief Executive Officer, Director | Sonja K. Mcclelland Chief Financial Officer, Executive Vice President, Treasurer |
| Haiquynh Jamison Principal Accounting Officer, Corporate Controller | Jonathon D. Wright General Counsel, Corporate Secretary | |
| Business Overview |
| Hurco Companies, Inc. is an international, industrial technology company. The Company designs, manufactures, and sells computerized (such as Computer Numeric Control (CNC)) 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. Its computer control systems and software products are primarily sold as integral components of its computerized machine tool products. It also provides machine tool components, automation integration equipment and solutions for job shops, software options, control upgrades, accessories, and replacement parts for its products, and customer service, training, and applications support. It has three brands of CNC machine tools in its product portfolio, including Hurco, Milltronics and Takumi. It pioneered the application of microprocessor technology and conversational programming software for use in machine tools. |
| Financial Overview |
| For the three months ended 31 January 2024, Hurco Companies, Inc. revenues decreased 18% to $45.1M. Net loss applicable to common stockholders totaled $1.6M vs. income of $1.3M. Revenues reflect Computerized Machine Tools segment decrease of 21% to $35.8M, Service Parts segment decrease of 1% to $6.6M, Europe segment decrease of 20% to $22.8M, Americas segment decrease of 24% to $16.7M. Net loss reflects Other income. |
| Employees: | 716 as of Oct 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $85.42M as of Jan 31, 2024 |
| Annual revenue (TTM): | $218.18M as of Jan 31, 2024 |
| EBITDA (TTM): | $7.51M as of Jan 31, 2024 |
| Net annual income (TTM): | $1.37M as of Jan 31, 2024 |
| Free cash flow (TTM): | -$14.39M as of Jan 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 6,506,033 as of Feb 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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