Trade Hurco Cos Inc - HURC CFD

About Hurco Companies, Inc.

Hurco Companies, Inc. is an international, industrial technology company. The Company designs, manufactures, and sells computerized (Computer Numeric Control (CNC)) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes). The Company’s products include laser cutting machines, waterjet cutting machines, CNC grinders, compact horizontal machines, metal cutting saws and CNC swill lathes. The Company operates in the industrial automation equipment segment. 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, as well as customer service, training, and applications support. The Company’s CNC machine brands include Hurco, Milltronics and Takumi. The Company’s computer control systems and software products are sold as integral components of its computerized machine tool products.

Financial summary

BRIEF: For the three months ended 31 January 2022, Hurco Companies, Inc. revenues increased 24% to $66.9M. Net income applicable to common stockholders increased from $655K to $3.5M. Revenues reflect Europe segment increase of 41% to $34.1M, Asia Pacific segment increase of 32% to $8.8M. Net income benefited from Investment income increase of 47% to $178K (income), Interest income increase from $16K to $53K (income).

Equity composition

Common Stock $.10 Par, 03/11, 13,250,000 auth., 6,440,851 issd. Insiders own 6.21%. PO 6/89, 1.15M shares @ $16.50 by Wertheim & Schroeder.