Hurco Grinding Through The Machine Tool Downturn [Seeking Alpha]
Hurco Companies, Inc. (HURC)
US:NASDAQ Investor Relations:
hurco.com/en-us/about-hurco/investors
Company Research
Source: Seeking Alpha
Summary Hurco saw significant declines in revenue and orders as the industrial downturn works its way through the machine tool industry, and decremental margin leverage was steep. U.S. orders may have already bottomed and Hurco is near the end of the typical 4-6 quarter downturn window, but weakness in Europe needs to be watched closely. Hurco shares look undervalued on a discounted cash flow basis, but Germany is a near-term risk and substitution/competition from additive manufacturing is a long-term risk. Although the shares were down on the day of the announcement, I can’t really say that HURC written previously Additive manufacturing remains a long-term threat to machine tool companies like Hurco and DMG Mori OTCPK:MRSKY Another Step Down With weak IP numbers in Germany and other key markets, Hurco’s demand environment remains quite weak. Although Hurco has never broken out its end-market exposures, connecting the dots has led me to believe that the company depends heavily on vari
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HURC
News
- Hurco Companies, Inc. (NASDAQ: HURC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Hurco Companies, Inc. (NASDAQ: HURC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- CNC Solutions Market to Grow by USD 9.24 Billion from 2024-2028, Driven by Increased Use of Servo-Based Systems and AI's Impact on Market Trends - Technavio [Yahoo! Finance]Yahoo! Finance
- Hurco Poised to Pioneer the Future of ManufacturingGlobeNewswire
- CNC Horizontal Machining Centres Market to Grow by USD 2.67 Billion (2024-2028), Driven by Precision Manufacturing Demand and AI's Impact on Market Trends - Technavio [Yahoo! Finance]Yahoo! Finance
HURC
Sec Filings
- 11/14/24 - Form SC
- 11/7/24 - Form SCHEDULE
- 11/4/24 - Form SC
- HURC's page on the SEC website