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HURC - Hurco Grinding Through The Machine Tool Downturn
Hurco Companies Inc.
Although the shares were down on the day of the announcement, I can’t really say that Hurco’s (HURC) fourth quarter earnings surprised me all that much. True, revenue and margins were a little worse than I expected, and so too with orders, but this is what downturns look like and I had written previously that I expected at least two more soft quarters as the company worked through this downturn.
Additive manufacturing remains a long-term threat to machine tool companies like Hurco and DMG Mori (OTCPK:MRSKY), but I still see