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Hurco (HURC)
Who says you have to be big to be multinational? Hurco, which makes computerized machine tools primarily for metal fabricators, booked two-thirds of its sales from outside the U.S. last year and actually builds its products in Taiwan. The Indianapolis-based company got pummeled during the factory-sector recession in the early 2000s. New management, led by Chief Executive Michael Doar, sold off underperforming lines. The new focus, combined with an upswing in industrial orders, has put Hurco on the fast track. Sales grew 77% over the last three years to a record $125.5 million in fiscal 2005, which ended last Oct. 31, while profits swung from back-to-back losses in 2001 and 2002 to $16.4 million, an all-time high in the company's 37-year history. Hurco also widened its gross margin to 33.9% from 30.4% a year earlier.
Company Info |
|
| 2005 Rank | NR |
| Market Value* ($ Millions) | 196.9 |
| Sales* ($ Millions) | 127.2 |
| Sales Growth (3-yr. avg. annual) |
22.2 % |
| Profits* ($ Millions) | 16.4 |
| Profit Growth (3-yr. avg. annual) | 496.6 % |
| Return on Inv. Capital (3-yr.) | 14.0 % |
| Share Price 12-Mo. Hi/Lo | 37/10 |
| Share Price As of 4/28/06 | 31 |
| Return on Equity | 25.6 % |
| P/E Ratio | 12 |
| No. of Employees | 284 |
| Industry | Industrial Machinery |
| CURRENT MARKET INFO | HURC > |
| COMPANY WEB SITE > | |
| Location | Indianapolis |
| Phone | 317 293-5309 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Hurco Companies engages in the design and production of interactive personal computer-based computer control systems, and software, and computerized machine tools for the metal working industry. It designs, manufactures, and sells general purpose computerized machine tools, principally vertical machining centers for the metal cutting industry; turning center product line for job shops and contract manufacturers; and computer control systems and related software for press brake applications. The company also produces and distributes software options, control upgrades, hardware accessories, and replacement parts related to its machine tool product lines, and provides operator training and support services to its customers. It distributes through independent agents and distributors in North America, Europe, and Asia, as well as England, France, Germany, Italy, Singapore, and China. Hurco Companies was founded in 1968 and has its headquarters in Indianapolis.
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