Hurco Cos.

Hurco suffers loss as sales plummet

March 11, 2010
 IBJ Staff
The Indianapolis-based manufacturer's quarterly revenue fell to $20.6 million, a 27-percent drop from the same period the year before.
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Steep sales decline forces Hurco to slash executive pay

January 27, 2010
Peter Schnitzler
Indianapolis-based machine toolmaker's CEO takes 63-percent compensation cut.
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Hurco posts quarterly, yearly losses

December 15, 2009
The company attributed its losses to the ongoing global recession and the credit crunch that has made it difficult for businesses to obtain financing to purchase Hurco's products.
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UPDATE: Hurco exec getting $500,000 exit package

October 2, 2009
 IBJ Staff and Associated Press
James D. Fabris, who is leaving Hurco Cos. Inc. at the end of the month following a long management tenure, will receive an exit package worth more than $500,000.
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Hurco president Fabris to resign

October 1, 2009
 IBJ Staff and Associated Press
Indianapolis-based Hurco Companies Inc., a computer control and software maker, said Thursday that James D. Fabris will resign as president and chief operating officer as of Oct. 31.
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Hurco suffers quarterly loss as sales plummet

August 28, 2009
 IBJ Staff
Indianapolis-based Hurco Cos. this morning reported another quarterly loss after sales dropped a staggering 64 percent. Hurco lost $1.2 million, or 19 cents a share, in its fiscal third quarter ended July 31. The company had a profit of $5.8 million, or 90 cents a share, during the same quarter last year.
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