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Hurco reported improved fiscal second quarter performance, with revenue and order growth of 56% and 80%, respectively, and a 1.13x book-to-bill, but revenue and order levels still below longer-term levels. Capex demand is still uneven across sectors, but both the U.S. and Germany are ...
Trading below book value when I last wrote about (and recommended) the stock, Hurco ( HURC ) shares are up about 30% since then - more or less keeping pace with the broader industrial sector. As expected, Hurco's financials are getting pummeled by the sharp business downturn instigated by ...
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...
The fact that Hurco ( HURC ) is starting to see a sharp downturn in revenue really should be no surprise; orders went negative three quarters ago, and nothing in the global manufacturing economy has really gotten better since then. At this point, there is still a great deal of uncertainty ov...
There's really no more "if" or "I wonder" about Hurco ( HURC ) and what's going on in the machine tool cycle - Hurco's April quarter marked the third straight quarter of year-over-year declines in orders, and revenue comps should soon turn negative. Although I think Hurco is faring better th...
I always considered a cyclical slowdown at Hurco ( HURC ) a “when, not if” proposition, and it seems like the when is an increasingly near-term concern. Fiscal first quarter results weren’t bad, but a third consecutive decline in orders shouldn’t be ignored, par...
The slowdown in industrial demand that the market has been pricing into stocks since mid-2018 seems to now be showing up in some of the numbers, as the December ISM new orders figure saw a double-digit drop and German factory orders just posted the biggest decline (a little over 4%) in six yea...
When your prime market, the market where you generate close to 50% of your revenue, is in trouble, it’s tough to work around that. Such is the situation for IPG Photonics ( IPGP ), and this once high-flying leader in fiber lasers has gotten pummeled over the last three months on reven...
If fiscal third quarter results are a fair indication, it looks like my concerns about a slowdown in business at Hurco ( HURC ) ahead of a major fall tradeshow were misplaced. Although Hurco did see some sequential slowdown in orders, that’s not uncommon in the summer and the busine...
The following slide deck was published by DMG Mori Co Ltd ADR in conjunction with their 2018 Q2 earnings Read more ...