Indianapolis-based Hurco suffers largest quarterly loss since 2002
The Indianapolis-based machine tool manufacturer said shutdowns related to the COVID-19 pandemic had a dramatic effect on its sales.
Hurco Cos.
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Hurco gets first new chief executive in 20 years
The manufacturer on Friday announced an immediate shuffle in its leadership ranks that moved longtime chief executive Michael Doar into the position of executive chairman of the board.
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Hurco bounces back with profit, big sales increase in first quarter
Indianapolis-based Hurco Cos. Inc. shares jumped more than 13% Friday morning after the manufacturer reported a rebound to profitability and increased sales and orders in its fiscal first quarter.
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Local manufacturer Hurco suffers first full-year loss since 2010
CEO Michael Doar said the company was encouraged by “growing demand we saw in certain markets in the second half of the fiscal year, particularly in Europe and Asia.”
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Articles
Hurco shares jump after manufacturer reports record sales
Quarterly sales in Hurco’s European region rose to $44.1 million, a 31 percent jump over the same period of 2017.
Hurco caps record year for sales, orders with robust quarter
Sales and profit at Hurco were lifted by strong demand for its products in Europe, especially Germany, France and the United Kingdom.
Strong U.S. demand helps boost Hurco quarterly sales, profit
Indianapolis-based manufacturer Hurco Cos saw increased sales of vertical milling machines from all product lines in the United States.
Hurco reports profitable quarter on higher revenue
Hurco said the overall rise in sales was “primarily attributable to an increased sales volume of vertical milling machines from all product lines.”
Hurco sees quarterly shrinkage in profit, sales
The Indianapolis-based manufacturer was encouraged by a big increase in orders during its latest quarter.
PROXY CORNER: Hurco Cos. Inc.
Indianapolis-based Hurco Cos. Inc. designs and produces interactive computer controls for the metal cutting and metal forming industry.
Hurco profit falls as demand for machine tools diminishes
North American sales for the Indianapolis-based manufacturer dropped 19 percent in the third quarter due to pricing pressure and reduced consumption of machine tools.
Hurco turns quarterly profit on higher revenue
The Indianapolis-based manufacturer received a $4.5 million bump in sales from the businesses of Milltronics Manufacturing and Takumi Machinery Co., which Hurco acquired in July 2015.
Hurco posts profitable quarter, year despite currency woes
The Indianapolis-based company, which makes computerized machine tools for the metal-cutting industry, said Friday morning that it would have had a record-setting year if it hadn’t been for the negative impact of currency translation.
Hurco plans to add manufacturing workers at local HQ
Hurco Cos. Inc. plans to move some of its manufacturing operations from Italy to Indianapolis, creating 35 local jobs by the end of 2017, the company disclosed in a tax-abatement request with the city.
Hurco acquires two companies in deals worth nearly $20M
Hurco closed on the purchase of Wisconsin-based machine maker Milltronics Manufacturing on Tuesday for about $13.3 million. On Wednesday, it entered into an agreement to acquire Taiwanese manufacturer Takumi Machinery for about $6.5 million.
Strong European sales goose Hurco’s quarterly results
The Indianapolis-based machine tool maker reported Friday morning that profit in the latest quarter shot up more than 400 percent as sales and fees increased 25 percent.
INDIANA 100: Indiana public companies turned in contrasting performances
Profit shot up for some, while others fought setbacks.
Hurco beats expectations with higher sales, profit
Hurco Cos. Inc. saw slightly higher profit in the first quarter on a 16-percent jump in sales and service fees, the Indianapolis-based industrial technology company reported Friday morning.
Hurco’s longtime CFO resigns
John G. Oblazney, chief financial officer at Hurco Cos. Inc. since 2006, has left the Indianapolis-based company to “pursue other interests,” Hurco announced Monday.
PROXY CORNER: Hurco Cos. Inc.
Indianapolis-based Hurco Cos. Inc. designs and produces interactive computer controls for the metal cutting and metal forming industry.
Hurco sees drop in sales, profit in latest quarter
Sales dropped 4 percent in Europe, the company’s biggest market, to $32.3 million. North America sales fell 6 percent, to $16.7 million.
Hurco profit plummets on lower revenue
Sales for the Indianapolis-based manufacturer decreased across all regions during the quarter, including in its biggest market, Europe, where they fell 11 percent.
Hurco acquires Italian machine-tool component business
Hurco, which designs and produces interactive computer controls, software and computerized machine tools, does most of its business in Europe.