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Close of 9 Nov 2026, in USD
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About Hurco Companies
From its filings with the US Securities and Exchange Commission
Hurco Companies is based in Indianapolis, Indiana and is incorporated in Indiana. Its shares trade on Nasdaq under the ticker HURC. The SEC classifies its business as industrial instruments for measurement, display, and control. In the fiscal year to 31 October 2025, it reported revenue of $178.6m and a net loss of $15.1m. At that date it held total assets of $264.3m and shareholders' equity of $198.8m.
Since our founding in 1968, we have been a leader in the introduction of interactive computer control systems that automate manufacturing processes and improve productivity in the metal parts manufacturing industry. We pioneered the application of microprocessor technology and conversational programming software for use in machine tools. Our Hurco brand computer control systems can be operated by both skilled and unskilled machine tool operators, and yet can instruct a machine to perform complex tasks. The combination of microprocessor technology and patented interactive, conversational programming software in our proprietary computer control systems enables operators on the production floor to create a program quickly and easily to machine a particular part from a blueprint or computer aided design file, and immediately begin machining that part.
Our strategy is to design, manufacture, and sell a comprehensive line of computerized machine tools that help customers in the worldwide metal cutting market increase productivity and profitability. Most of our machine tools employ proprietary, interactive computer control technology that increases productivity through ease of operation via interactive conversational and graphical programming software. All of our machine tools, regardless of brand, deliver high levels of machine performance (speed, accuracy and surface finish quality) that increase productivity. We routinely expand our product offerings to meet customer needs, which has led us to design and manufacture more complex machining centers with advanced capabilities.
Quoted from its 10-K, filed 9 Jan 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 27 Aug 1980
- Employees
- 651
- Website
- hurco.com ↗
- Head office
- ONE TECHNOLOGY WAY, INDIANAPOLIS, IN, 46268
- Incorporated in
- IN
- Classification
- Industrial Instruments For Measurement, Display, and Control
- Filer status
- Accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Michael DoarExecutive Chairman of the Board, since 2000$1.4m
- Mr. Gregory VolovicPresident, Chief Executive Officer, Director, since 2009$2.0m
- Ms. Sonja McclellandChief Financial Officer, Executive Vice President, Treasurer$1.2m
- Ms. Haiquynh JamisonPrincipal Accounting Officer, Corporate Controller$332,627
- Mr. Jonathon WrightGeneral Counsel, Corporate Secretary$452,404
- Ms. Cynthia DubinIndependent Director$129,997
- Mr. Timothy GardnerIndependent Director$132,497
- Mr. Jay LongbottomIndependent Director$124,997
- Mr. Richard PorterIndependent Director$141,247
- Ms. Janaki SivanesanIndependent Director$134,997
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 36
- Environment
- 8
- Social
- 39
- Governance
- 62
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Market Leader: Hurco Companies Inc holds a prominent position in the market as a leading supplier of machine tools, specifically computer numerical control (CNC) machining centers and related software.
- Technological Innovation: The company is known for its consistent investment in research and development, allowing them to develop cutting-edge technologies and stay ahead of industry trends.
- Strong Financial Performance: Hurco has demonstrated robust financial performance, showcasing stability and profitability over the years, which further enhances its competitive advantage.
Weaknesses
- Dependency on Manufacturing Sector: As a supplier primarily catering to the manufacturing industry, Hurco faces vulnerability during economic downturns or fluctuations in the manufacturing sector.
- Limited Global Presence: Although Hurco operates internationally, its market presence is predominantly focused on North America and Western Europe, potentially leaving untapped opportunities in other regions.
- Customer Concentration: The company relies heavily on a few key customers, which poses a risk as any loss or decline in business from these customers could significantly impact their revenue.
Opportunities
- Growing Demand for CNC Technologies: The increasing adoption of CNC technologies across various industries provides an opportunity for Hurco to expand its customer base and drive further sales growth.
- Emerging Markets: Exploring and penetrating emerging markets, especially in Asia and South America, can open new avenues for Hurco's products and services, given the rising industrialization in these regions.
- Industry Consolidation: The ongoing consolidation within the machine tool industry presents an opportunity for Hurco to acquire smaller competitors or form strategic alliances, further strengthening their market position.
Threats
- Economic Uncertainty: A downturn in the global economy or a recession could lead to reduced capital expenditures by industries, impacting the demand for Hurco's products.
- Intense Competition: The machine tool industry faces intense competition from both domestic and international players, which may result in price pressures and a need for constant innovation to maintain market share.
- Technology Disruption: Rapid advancements in technology, including alternative manufacturing methods and automation, pose a threat to Hurco's traditional CNC machining business. Adapting and innovating in response to these changes is critical.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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