Hurco Cos Inc
HURCHurco Cos Inc (HURC) is a manufacturer of computer-controlled machining centers and software for the metal cutting industry. Founded in 1968, the company specializes in developing innovative CNC machine tools and control technology for industrial and manufacturing applications, primarily serving machine shops, OEMs, and other manufacturing sectors worldwide.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| April 12, 2024 | $0.16 | 2024-03-27 | 2024-03-29 |
| January 16, 2024 | $0.16 | 2023-12-29 | 2024-01-02 |
| October 16, 2023 | $0.16 | 2023-09-29 | 2023-10-02 |
| July 10, 2023 | $0.16 | 2023-06-23 | 2023-06-26 |
| April 10, 2023 | $0.16 | 2023-03-24 | 2023-03-27 |
Dividends Summary
- Consistent Payer: Hurco Cos Inc has rewarded shareholders with 44 dividend payments over the past 11 years.
- Total Returned Value: Investors who held HURC shares during this period received a total of $4.91 per share in dividend income.
- Latest Payout: The most recent dividend of $0.16/share was paid 651 days ago, on April 12, 2024.
- Yield & Schedule: HURC currently pays dividends quarterly with an annual yield of 3.83%.
- Dividend Growth: Since 2013, the dividend payout has grown by 220.0%, from $0.05 to $0.16.
- Dividend Reliability: HURC has maintained or increased its dividend for 44 consecutive payments.
Company News
The U.S. CNC market is projected to grow from $12.16 billion in 2024 to $19.62 billion by 2034, driven by automotive production, reshoring efforts, and technological advancements in automation and robotics.
Hurco Companies reported a reduced net loss of $3.69 million in Q3 2025, compared to $9.6 million in the same quarter last year. The company saw sales growth in Americas and Asia Pacific regions, with improved gross profit and reduced operating costs, while maintaining a strong cash position of over $44 million.
Hurco Companies, Inc. delivered a standout performance at the 2024 International Manufacturing Technology Show, showcasing groundbreaking advancements in CNC technology and control systems. The company's new control system, featuring AI tools like ChatCNC™, generated significant excitement and was well received by attendees.
Hurco Companies, Inc. reported a net loss of $9.6 million in the third quarter of fiscal year 2024, primarily due to a non-cash tax valuation allowance and lower sales. The company's orders were positive, with global orders exceeding $52 million, but sales declined by 20% compared to the prior year period.
Discover why Zacks rates Hurco as "Underperform", being the first on Wall Street to initiate coverage on the stock. Explore HURC's reduced profitability and operational inefficiencies despite a strong balance sheet and innovation efforts.
