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INDIANAPOLIS, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC), a leader in CNC machine and controls technology, is poised to make a significant impact at the International Manufacturing Technology Show (IMTS) in Chicago next month.
In 1898, the company entered the machine building industry by producing cold circular metal sawing machines and saw blade skiving machines as well as thread cutting machines. On 5 January 1900, the original company was superseded by „Gebr. Heller Maschinenfabrik GmbH“ founded by the brothers Ernst (1866–1936) and Hermann Heller.
Hurco recorded a net loss of $1,442,000, or $(0.23) per diluted share, for the fourth quarter of fiscal year 2024, which included a non-cash tax valuation allowance of $193,000 recorded in provision for income taxes, compared to net income of $2,422,000, or $0.36 per diluted share, for the corresponding period in fiscal year 2023.
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The same basic architecture has allowed manufacturers, such as Sherline and Taig, to produce turnkey lightweight desktop milling machines for hobbyists. The easy availability of PC based software and support information of Mach3, written by Art Fenerty, lets anyone with some time and technical expertise make complex parts for home and prototype ...
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