HURC / Hurco: Strong Enough To Endure Current And Potential Headwinds

Hurco's fiscal Q3 results were fairly stable relative to Q2, but the outlook is weaker, with a sharp decline in orders and a need to reduce inventorie more_horizontal

The share price is trading 56% below all-time highs due to declining revenues and margin contraction. Orders have increased slightly during the past q more_horizontal

Hurco's fiscal first quarter results met my expectations, but did show clear weakness in North American and European sales that was significantly wors more_horizontal

Hurco reported both year-over-year and sequential growth in constant currency terms, with strong margin leverage on improved overhead absorption. Orde more_horizontal

Hurco shares have underperformed a weak industrial sector, as investors have worried about a reversal in short-cycle demand and capex investments. Ord more_horizontal

Sales and net profit grew in the second quarter. Shares now approaching long-term support. more_horizontal

Hurco has posted strong revenue and order growth as manufacturing customers resume capital investments in response to capacity limits and less pandemi more_horizontal

Hurco has posted strong revenue and order growth as manufacturing customers resume capital investments in response to capacity limits and less pandemi more_horizontal