Hurco Companies

OverviewSuggest Edit

Hurco Companies is an industrial technology company that designs, manufactures, and sells computer numeric control (CNC) machine tools for the metal cutting industry. It offers computerized machine tools, such as vertical machining centers and turning centers. It also provides computer numerical control machine tools, knee mills, vertical machining centers, tool room bed mills, combination lathes, horizontal machining centers, slant-bed lathes, bridge mills, double column vertical machining centers, and high-speed drill and tap machines.
TypePublic
Founded1968
HQIndianapolis, IN, US
Websitehurco.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Oct 2021)706
Job Openings11
Revenue (FY, 2021)$235.2 M(+38%)
Share Price (Aug 2022)$25(-1%)
Cybersecurity ratingCMore
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Key People/Management at Hurco Companies

Gregory S. Volovic

Gregory S. Volovic

President and Chief Executive Officer
Sonja K McClelland

Sonja K McClelland

Executive Vice President, Treasurer and Chief Financial Officer
Paul Gray

Paul Gray

Vice President, R&D and Product Development
Song Liu

Song Liu

Vice President of Engineering
Michael Doar

Michael Doar

Executive Chairman
Elias Pavlakos

Elias Pavlakos

Director, Software & Controls Technology
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Hurco Companies Office Locations

Hurco Companies has offices in Indianapolis, Ningbo, Shanghai, Goussainville and in 7 other locations
Indianapolis, IN, US (HQ)
1 Technology Way
Ningbo, CN
Suite 201, 8-8 Yongdinghe Road Xiapu Industrial Park, Beilun District
Shanghai, CN
Room 101, 1st Floor, Building 5, No. 526, Fu Te 3rd Road, Waigaoqiao Free Trade Pilot Zone
Goussainville, FR
15 Rue Gustave Eiffel
Pliening, DE
5A Gewerbestraße
Chennai, IN
No. 69,2nd Main Road Ambattur Industrial Estate
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Hurco Companies Financials and Metrics

Hurco Companies Revenue

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View revenue for all periods
Hurco Companies's revenue was reported to be $235.2 m in FY, 2021 which is a 37.8% increase from the previous period.
USD

Revenue (Q2, 2022)

62.8m

Gross profit (Q2, 2022)

15.6m

Net income (Q2, 2022)

2.0m

EBIT (Q2, 2022)

3.1m

Market capitalization (1-Aug-2022)

165.0m

Closing stock price (1-Aug-2022)

25.0

Cash (30-Apr-2022)

82.0m
Hurco Companies's current market capitalization is $165 m.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

263.4m170.6m235.2m

Revenue growth, %

(12%)(35%)38%

Cost of goods sold

186.2m134.2m178.9m

Gross profit

77.2m36.5m56.2m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Revenue

74.2m70.7m58.5m43.7m37.1m45.4m54.1m57.9m54.2m66.9m62.8m

Cost of goods sold

52.1m49.0m41.3m34.5m30.4m34.3m42.6m43.1m41.2m50.0m47.2m

Gross profit

22.1m21.6m17.2m9.2m6.7m11.1m11.5m14.8m13.0m16.9m15.6m

Gross profit Margin, %

30%31%29%21%18%24%21%26%24%25%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

56.9m57.9m84.1m

Accounts Receivable

43.3m27.7m42.6m

Prepaid Expenses

9.4m13.8m13.1m

Inventories

148.9m149.9m148.2m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

17.5m(6.2m)6.8m

Depreciation and Amortization

3.7m4.5m4.2m

Inventories

(10.5m)3.5m2.2m

Accounts Payable

(23.8m)(2.6m)20.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Net Income

6.7m11.9m15.4m(893.0k)(4.8m)(2.7m)663.0k3.1m4.7m3.5m5.6m

Depreciation and Amortization

939.0k1.8m2.8m1.1m2.2m3.4m1.1m2.1m3.2m942.0k1.9m

Inventories

(7.1m)(10.6m)(17.5m)(1.3m)(4.8m)(1.1m)5.7m7.4m2.5m(5.9m)(12.7m)

Accounts Payable

(2.9m)(7.6m)(12.0m)(4.5m)(4.3m)(3.1m)1.7m9.3m13.5m3.9m3.8m
USDQ1, 2019

Financial Leverage

1.4 x
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Hurco Companies Acquisitions / Subsidiaries

Company NameDateDeal Size
Hurco B.V
Hurco Europe Limited
Hurco GmbH
Hurco India Private, Ltd.
Hurco Manufacturing Limited
Hurco S.a.r.l.
Hurco (S.E. Asia) Pte Ltd.
Hurco S.r.l.
LCM Precision Technology S.r.l.
Machinery Sales Co.
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Hurco Companies Revenue Breakdown

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Hurco Companies revenue breakdown by business segment: 84.4% from Computerized Machine Tools, 11.2% from Service Parts and 4.3% from Other

Hurco Companies revenue breakdown by geographic segment: 49.5% from Europe, 12.9% from Asia Pacific, 36.9% from Americas and 0.7% from Other

Hurco Companies Cybersecurity Score

Cybersecurity ratingPremium dataset

C

79/100

SecurityScorecard logo

Hurco Companies Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Hurco Companies Online and Social Media Presence

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Hurco Companies News and Updates

Hurco Companies, Inc. Announces Quarterly Cash Dividend

INDIANAPOLIS, Sept. 12, 2018 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq Global Select Market: HURC), an international industrial technology company, announced today that its Board of Directors approved the payment of a cash dividend of $0.11 per share on its issued and outstanding common st…

Hurco Companies Blogs

How It’s Made: Hurco VMX Series Iron

Hurco is known worldwide for our control software, and for conversational or “shop floor” programming, but we don’t often get enough credit for the machine’s iron. In addition to our award-winning control software, Hurco also builds a very robust and rigid machine tool, that provides out…

3D Surfacing in Conversational Programming

Conversational programming has always been a great choice for getting jobs up and running quickly, and for very efficient programming of 2D and 2.5D contours and features. However, machining actual 3-dimensional surfaces required the use of a CAD/CAM software package…that is, until now!

What the Heck Happened to My DXF?

Something new and improved is almost always better in the long run, but it isn’t always painless. The cost of innovation is CHANGE. And sometimes, machinists, as most human beings, don't really enjoy the process of change.

Boyce Technologies Producing 3,000 Bridge Ventilators

Hurco customer, Boyce Technologies (www.boycetechnologies.com/), based out of Long Island City, New York, designs and manufactures security and communications equipment for the mass transit market. This equipment includes emergency response systems, intercom systems, security alarm syste…

Liberty Molds Answers the Call to Help Combat COVID-19

Liberty Molds is an injection mold shop located in Portage Michigan, and is in the business of producing injection molds for the automotive industry. The company is managed by the President Brian Scott and Vice President Jeff Dee. As it reads on their website, “Liberty Molds is an ISO 90…

Is Conversational Programming Dead in Today's Machine Shop?

Is Conversational Programming Dead in Today's Machine Shop? During my 35+ years in manufacturing, I have worked at several shops and visited hundreds more. In the vast majority of these job shops, there has been at least one CNC machine with some type of conversational programming – and…
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Hurco Companies Frequently Asked Questions

  • When was Hurco Companies founded?

    Hurco Companies was founded in 1968.

  • Who are Hurco Companies key executives?

    Hurco Companies's key executives are Gregory S. Volovic, Sonja K McClelland and Paul Gray.

  • How many employees does Hurco Companies have?

    Hurco Companies has 706 employees.

  • What is Hurco Companies revenue?

    Latest Hurco Companies annual revenue is $235.2 m.

  • What is Hurco Companies revenue per employee?

    Latest Hurco Companies revenue per employee is $333.1 k.

  • Who are Hurco Companies competitors?

    Competitors of Hurco Companies include Chiron Group, Heinrich Georg and Gleason.

  • Where is Hurco Companies headquarters?

    Hurco Companies headquarters is located at 1 Technology Way, Indianapolis.

  • Where are Hurco Companies offices?

    Hurco Companies has offices in Indianapolis, Ningbo, Shanghai, Goussainville and in 7 other locations.

  • How many offices does Hurco Companies have?

    Hurco Companies has 11 offices.