Core Insights - Hurco Companies, Inc. and Kawasaki Robotics (USA), Inc. have formed a strategic collaboration to enhance innovation and deliver industrial-grade robotic CNC machine solutions to customers [1][2] - The partnership aims to combine over 50 years of expertise from both companies in CNC machine innovation and industrial robotics to provide turnkey robotic machine tending solutions [2][3] Company Overview - Hurco Companies, Inc. is an international industrial technology company that sells CNC machine tools to the metal cutting and forming industry, with brands including Hurco, Milltronics, and Takumi [5] - Kawasaki Robotics is a leading supplier of industrial robots and automation systems, boasting over 50 years of experience in the automation industry [6] Strategic Initiatives - The collaboration will focus on several key initiatives, including: 1. CNC Machine Automation: Developing new technologies and products to meet emerging market needs [3] 2. Market Expansion: Utilizing each company's networks to reach new customers and markets [3] 3. Research and Development: Pooling resources for faster and more effective innovation [3] Leadership Statements - Hurco's President and CEO emphasized the seamless integration of Kawasaki robots into Hurco's CNC control, highlighting the collaboration's potential to provide accessible automation solutions [3] - Kawasaki Robotics' President expressed excitement about the partnership, noting the alignment of values in delivering top-quality solutions to customers [3]

Zacks Investment Research has recently initiated coverage of Hurco Companies, Inc. (HURC) , assigning an "Underperform" recommendation to the company's shares. This bearish stance reflects significant concerns over the company's recent financial performance and operational challenges. In the second quarter of fiscal 2024, Hurco's sales and service fees plummeted 16.1%, significantly impacting profitability. The company reported a net loss of $3.9 million against a $0.4 million profit in the year-ago quarter ...

"While it was a difficult decision, we believe that temporarily suspending the quarterly cash dividend on Hurco's common stock will provide near-term benefits to our cash flow management while also allowing us to enhance our balance sheet and more optimally allocate available capital among various strategies. We remain dedicated to furthering our shareholders' interests, including, when appropriate, distributing a meaningful portion of available cash through dividends on our common stock during periods of p ...

Hurco Companies, Inc. (HURC) delivered a loss per share of 61 cents in the second quarter of fiscal 2024 against the year-over-year earnings per share of 6 cents. Dismal performances by all the geographic regions dampened the topline. Sales in the Americas for the second quarter of fiscal 2024 were $16.9 million, down 7.5% year over year. This decline resulted primarily due to decreased shipments of Hurco machines. The downtick in sales of Hurco machines was primarily attributable to decreased shipments of ...

Table of Contents Securities registered pursuant to Section 12(b) of the Act: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Commission File No. 0-9143 HURCO COMPANIES, INC. (Exact name of registrant as specified in its charter) | Indiana | 35-1150732 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer Identification Number) | | incorporation or organization) | | | One Technology Way | | | Indianapolis, Indiana | 46268 | | (Address of principal ...

Exhibit 99.1 FOR IMMEDIATE RELEASE FRIDAY, JUNE 7, 2024 | | Three | Months | Ended | | Six Months | Ended | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | April 30, | | | April | 30, | | | | | 2024 2023 | $ | Change% | Change | 2024 2023 | $ | Change% | Change | | Americas | $16,947 $18,324 | | ($1,377) | (8)% | $33,597 $40,337 | | ($6,740) | (17)% | | Europe | 22,720 29,991 | | (7,271) | (24)% | 45,470 58,583 | | (13,113) | (22)% | | Asia Pacific | 5,505 | 5,504 | 1 | 0% | 11,164 9,581 | ...

The following table sets forth net sales and service fees by geographic region for the second fiscal quarter and six months ended April 30, 2024, and 2023 (dollars in thousands): Takumi machines in Germany, the United Kingdom, and Italy, as well as decreased volume of shipments of electro-mechanical components and accessories manufactured by our wholly-owned subsidiary, LCM Precision Technology S.r.l. ("LCM"), partially offset by an increased volume of shipments of Hurco machines in France. | --- | --- | -- ...

Liuhsihsiang Uncertainty has been a watchword in the manufacturing space for a while now, and the results at Hurco (NASDAQ:HURC) certainly reflect that. When I last wrote about this small manufacturer of machine tools, I was concerned about an ugly near-term outlook for manufacturing tool demand in North America and Western Europe and the likelihood that the company would “bump along the bottom” for a few more quarters. Those bumps proved to be a lot more jarring, as fiscal Q4’23 results were surprising ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Commission File No. 0-9143 HURCO COMPANIES, INC. (Exact name of registrant as specified in its charter) | Indiana | 35-1150732 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer Identification Number) | | incorporation or organization) | | One Technology Way Indianapolis, Indiana 46268 (Address of principal executive offices) (Zip code) Registrant's telephone number, including are ...

Sales and service fees for the first quarter of fiscal year 2024 were $45,059,000, a decrease of $9,623,000, or 18%, compared to the corresponding prior year period, and included a favorable currency impact of $779,000, or 1%, when translating foreign sales to U.S. dollars for financial reporting purposes. Greg Volovic, Chief Executive Officer, stated, "We were disappointed with first quarter results but are continuing to invest in the future growth of our business. I am particularly heartened by the positi ...