Loading...
Docoh

Hurco Companies (HURC)

Hurco Companies, Inc. is an international, industrial technology company that sells its three brands of computer numeric control ('CNC') machine tools to the worldwide metal cutting and metal forming industry. Two of the Company's brands of machine tools, Hurco and Milltronics, are equipped with interactive controls that include software that is proprietary to each respective brand. The Company designs these controls and develops the software. The third brand of CNC machine tools, Takumi, is equipped with industrial controls that are produced by third parties, which allows the customer to decide the type of control added to the Takumi CNC machine tool. The Company also produces high-value machine tool components and accessories and provides automation solutions that can be integrated with any machine tool. The end markets for the Company's products are independent job shops, short-run manufacturing operations within large corporations, and manufacturers with production-oriented operations. The Company's customers manufacture precision parts, tools, dies, and/or molds for industries such as aerospace, defense, medical equipment, energy, transportation, and computer equipment. The Company is based in Indianapolis, Indiana, with manufacturing operations in Taiwan, Italy, the U.S., and China, and sells its products through direct and indirect sales forces throughout the Americas, Europe, and Asia. The Company has sales, application engineering support and service subsidiaries in China, England, France, Germany, India, Italy, the Netherlands, Poland, Singapore, the U.S., and Taiwan.

Company profile

Ticker
HURC
Exchange
Website
CEO
Michael Doar
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Hurco Europe Limited • Hurco GmbH • Hurco India Private, Ltd. • Hurco Manufacturing Limited • Hurco S.a.r.l. • Hurco S.r.l. • Hurco (S.E. Asia) Pte Ltd. • LCM Precision Technology S.r.l. • Machinery Sales Co. • Milltronics USA, Inc. ...
IRS number
351150732

HURC stock data

Calendar

3 Jun 22
19 Aug 22
31 Oct 22
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Oct 21 Oct 20 Oct 19 Oct 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 82.04M 82.04M 82.04M 82.04M 82.04M 82.04M
Cash burn (monthly) 2.66M (no burn) (no burn) (no burn) 366.33K (no burn)
Cash used (since last report) 9.8M n/a n/a n/a 1.35M n/a
Cash remaining 72.24M n/a n/a n/a 80.69M n/a
Runway (months of cash) 27.1 n/a n/a n/a 220.3 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 Mar 22 Sivanesan Janaki Common Stock Grant Acquire A No No 0 2,319 0 24,987
10 Mar 22 Jay C. Longbottom Common Stock Grant Acquire A No No 0 2,319 0 13,730
10 Mar 22 Dubin Cynthia S Common Stock Grant Acquire A No No 0 2,319 0 7,955
10 Mar 22 Thomas A. Aaro Common Stock Grant Acquire A No No 0 2,319 0 13,730
10 Mar 22 Richard R. Porter Common Stock Grant Acquire A No No 0 2,319 0 10,132
73.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 52 58 -10.3%
Opened positions 4 5 -20.0%
Closed positions 10 8 +25.0%
Increased positions 19 16 +18.8%
Reduced positions 15 19 -21.1%
13F shares Current Prev Q Change
Total value 119.05M 170.63M -30.2%
Total shares 4.81M 4.92M -2.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Royce & Associates 873.5K $21.61M +1.2%
Polar Asset Management Partners 831.24K $20.57M 0.0%
Dimensional Fund Advisors 534.19K $13.22M -0.5%
FMR 371.71K $9.2M -24.8%
Brandes Investment Partners 313.34K $7.75M +23.9%
Vanguard 271.4K $6.72M +0.3%
AMP Ameriprise Financial 236.25K $5.84M +5.1%
Pacific Ridge Capital Partners 163.29K $4.04M -8.9%
Meros Investment Management 124.46K $3.08M +0.3%
BLK Blackrock 106.86K $2.64M +4.2%
Largest transactions Shares Bought/sold Change
FMR 371.71K -122.53K -24.8%
Brandes Investment Partners 313.34K +60.48K +23.9%
Susquehanna International 0 -21.31K EXIT
Assenagon Asset Management 0 -16.3K EXIT
Waypoint Capital Advisors 0 -15.9K EXIT
Pacific Ridge Capital Partners 163.29K -15.87K -8.9%
Marshall Wace 0 -11.98K EXIT
AMP Ameriprise Financial 236.25K +11.37K +5.1%
Penn Mutual Asset Management 10.31K +10.31K NEW
Royce & Associates 873.5K +9.99K +1.2%

Financial report summary

?
Management Discussion
  • Sales and Service Fees.  Sales and service fees for the second quarter of fiscal 2022 were $62.8 million, an increase of $4.9 million, or 8%, compared to the corresponding prior year period, and included an unfavorable currency impact of $2.5 million, or 4%, when translating foreign sales to U.S. Dollars for financial reporting purposes.  

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Good
New words: Appendix, inflation, initially, proxy, unusually
Removed: Amendment, dated, reflected, Union, withdrawal