I expected 2024 to be ugly for Hurco (NASDAQ: HURC ), and indeed it was. With weak demand across a range of manufacturing end markets, higher interest rates, and a host of uncertainties around the U.S. election cycle, companies across a range of industrial andAnalyst’s Disclosure: I/we have a beneficial long position in the shares of HURC, MSM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it ( ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended October 31, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from _________ to _________ Commission File No. 0-9143 HURCO COMPANIES, INC. (Exact name of registrant as specified in its charter) Indiana 35-1150732 (State or other ju ...

Exhibit 99.1 FOR IMMEDIATE RELEASE FRIDAY, JANUARY 10, 2025 HURCO REPORTS FOURTH QUARTER AND FULL YEAR RESULTS FOR FISCAL YEAR 2024 INDIANAPOLIS, INDIANA – January 10, 2025 – Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the fourth fiscal quarter and fiscal year ended October 31, 2024. Hurco recorded a net loss of $1,442,000, or $(0.23) per diluted share, for the fourth quarter of fiscal year 2024, which included a non-cash tax valuation allowance of $193,000 recorded in provision for inco ...

Sales and service fees for the fourth quarter of fiscal year 2024 were $53,702,000, a decrease of $12,403,000, or 19%, compared to the corresponding prior year period, and included a favorable currency impact of $1,008,000, or 2%, when translating foreign sales to U.S. dollars for financial reporting purposes. Sales and service fees for fiscal year 2024 were $186,584,000, a decrease of $41,223,000, or 18%, compared to fiscal year 2023, and included a favorable currency impact of $1,804,000, or less than 1%, ...

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. Greg Volovic, President and CEO of Hurco, said, “Building on the successful consolidation of Hurco, Milltronics, and Takumi PC hardware, we plan to transform manufacturing by reshaping industry standards and revolutionizing our market presence with cutting-edge tec ...

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 these innovations, born from relentless R&D efforts, position Hurco as a leader in machine tool technology. Visitor ...

INDIANAPOLIS, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) delivered a standout performance at the 2024 International Manufacturing Technology Show (IMTS) in Chicago, showcasing groundbreaking advancements in CNC technology and control systems. The company's expanded 16,000-square-foot booth attracted an abundance of visitors at a well-attended show, underscoring Hurco's leadership in innovation and ability to meet the evolving needs of manufacturers. "IMTS 2024 was a resounding s ...

Hurco Companies, Inc. (HURC) delivered a loss per share of $1.47 in the third quarter of fiscal 2024 against the year-ago quarter's earnings per share of 4 cents. HURC Revenues in Detail Hurco registered revenues of $42.7 million in the fiscal third quarter, down 19.8% year over year. Dismal performances by all the geographic regions dampened the topline. Shares of this company gained 3.1% till last trading. Hurco's Geographic Results Hurco operates in three geographic regions — the Americas, Europe and Asi ...

销售和成本情况 - 公司销售和服务费用同比下降20%，主要由于美洲、欧洲和亚太地区的机床销量下降[99] - 机床销售同比下降23%，主要由于德国、美洲、意大利和中国的Hurco和Takumi机床销量下降[107] - 第三季度毛利率下降至18%，主要由于销量和平均售价下降导致固定成本摊薄[111] - 前9个月毛利率为19%，同比下降5个百分点，主要是由于销量和价格下降导致固定成本利用率下降[129] 区域销售情况 - 欧洲销售同比下降23%，主要由于德国、意大利和英国的Hurco和Takumi机床销量下降，以及公司全资子公司LCM制造的电子机械零件和配件销量下降[102] - 亚太地区销售同比下降15%，主要由于中国的Takumi机床销量下降和东南亚的Hurco机床销量下降，部分被印度Hurco机床销量增加和中国某客户多台机床订单增加所抵消[104] - 前9个月销售收入为13.29亿美元，同比下降18%，主要是由于美洲和欧洲地区Hurco和Takumi机床销量下降[115,118,119] 订单情况 - 第三季度订单同比增加26%，主要由于美洲的Hurco高性能5轴机床、Hurco和Milltronics车床以及Milltronics3轴立式机床需求增加[109] - 前9个月订单为14.72亿美元，同比下降5%，主要是由于美洲和欧洲地区客户需求下降[125,126,127] 费用管控 - 第三季度销售、一般及管理费用为1040万美元，占销售额的24%，较上年同期的1240万美元(占23%)有所下降，主要是由于实施了成本削减措施以抵消销量下降的影响[112] - 前9个月销售、一般及管理费用为3.34亿美元，占销售额的25%，同比上升3个百分点，主要是由于销量下降[130] - 公司采取成本削减措施以应对销量下降的影响[111] 财务状况 - 公司现金及现金等价物为3610万美元，较上年度末减少570万美元[134] - 公司宣布启动最高25亿美元的股票回购计划，截至2024年8月30日已回购2.27亿美元[136] - 公司暂时中止定期现金股息支付，以增强财务灵活性和管理市场波动能力[137] - 公司与银行签订40亿美元的无担保循环信贷和信用证融资协议，截至2024年7月31日未动用任何信贷额度[138,139,140,141,142] - 公司在台湾和中国设有当地信贷额度，分别为1.5亿新台币和3.25亿人民币[141] - 公司有约5.07亿美元的可用信贷额度，有能力为未来12个月及以后的全球运营提供充足的流动性[142] - 公司在2024年7月31日无任何银行借款[149] 汇率风险管理 - 公司通过外汇远期合约来降低汇率波动带来的现金流风险[98] - 公司约63%的收入来自美洲以外的客户，主要以外币计价和收款[150] - 公司产品主要由台湾、美国、意大利和中国的子公司或合作制造商生产，采购成本主要以新台币和欧元计价[151] - 公司使用外汇远期合约对冲外汇现金流风险，主要涉及欧元、英镑和新台币[152] - 公司持有3000万欧元的远期合约作为对冲其在欧元资产的净投资[156] - 公司的外汇远期合约中，有6900万欧元和3500万英镑指定为现金流量套期[153] - 公司还有4.7亿新台币的外汇远期合约未指定为套期工具[154] - 公司有1315.881亿新台币的外汇远期合约用于对冲应收应付款项[155] 公司概况 - 公司拥有三大品牌机床产品线，分别针对不同客户需求[95] - 公司主要通过180家独立代理商和经销商在全球销售产品[96] - 公司管理层认为公司的信息披露控制和程序有效[155] - 公司正在积极寻找潜在的收购目标，包括知识产权资产[142]

财务业绩 - 2024财年第三季度公司净亏损959.6万美元，包括计提8,158万美元的非现金税务估值准备[1] - 2024财年前9个月公司净亏损1,516.6万美元，包括计提8,158万美元的非现金税务估值准备[1] - 2024财年第三季度销售额为4,265.1万美元，同比下降20%[2] - 2024财年前9个月销售额为13,288.2万美元，同比下降18%[2] - 公司三个月和九个月期间的销售和服务费用分别为4.27亿美元和13.29亿美元[20] - 公司三个月和九个月期间的毛利率分别为18%和19%[22] - 公司三个月和九个月期间的销售、一般及管理费用占销售额的比例分别为24%和25%[22] - 公司三个月和九个月期间的营业(亏损)利润率分别为-6%和-6%[22] - 公司三个月和九个月期间的税前(亏损)利润率分别为-6%和-7%[22] - 公司三个月和九个月期间的有效税率分别为-270%和-74%[22] 订单情况 - 2024财年第三季度订单额为5,281.5万美元，同比增长26%[8] - 2024财年前9个月订单额为14,722.5万美元，同比下降5%[8] 成本情况 - 2024财年第三季度毛利率为18%，同比下降7个百分点[13] - 2024财年前9个月毛利率为19%，同比下降5个百分点[13] - 2024财年第三季度销售费用及管理费用占销售额的24%，同比上升1个百分点[14] - 2024财年前9个月销售费用及管理费用占销售额的25%，同比上升3个百分点[14] - 公司三个月和九个月期间的资本支出分别为735万美元和2,046万美元[22] 财务状况 - 公司2024年7月31日的流动资本为1.82亿美元[22] - 公司2024年7月31日的存货周转率为1.0[22] - 公司2024年7月31日的股东权益为2.07亿美元[22]