Hurco Companies (NASDAQ: HURC) is an industrial technology company that designs, manufactures, and sells computerized CNC machine tools to companies in the metal cutting industry. Revenue comes primarily from transactional sales of machine tools, including vertical machining centers (mills) and turning centers (lathes), along with software options, control upgrades, accessories, replacement parts, and customer service fees. Founded in 1968 and headquartered in Indianapolis, Hurco competes against larger, better-capitalized machine tool producers including DMG Mori, Mazak, Haas Automation, DN Solutions, and Okuma. Sales and service fees totaled $178.6 million in FY2025, a 4% decline from FY2024. The company operates in a single segment and sells through a worldwide sales, service, and distribution network. The product portfolio spans the Hurco, Milltronics, and Takumi brands, covering value-tier to high-performance machines, and is complemented by ProCobots automation and cobot solutions and LCM machine tool components manufactured in Italy.
- Revenue model
- Transactional sales of CNC machine tools (vertical machining centers and turning centers), software options, computer control systems sold to OEMs and retrofitters, automation equipment, accessories, replacement parts, and customer service and training fees. Sales and service fees were $178.6 million in FY2025 (year ended October 31, 2025).
- Products and services
- CNC vertical machining centers (mills) and turning centers (lathes) under the Hurco, Milltronics, and Takumi brands. Machine series include H Series, G Series (graphite/EDM electrode machining), BC Series (heavy cutting, die and mold), HMX Series (high-speed horizontal machining centers), and SL slant-bed lathes. Proprietary computer control systems and software including WinMax, UltiMonitor (IoT-based remote monitoring), Swept Surface, DXF Transfer, Solid Model Import, and Simultaneous Five-Axis Contouring. ProCobots collaborative robot (cobot) automation solutions (ProFeeder Flex, ProFeeder Table, ProFeeder Compact, ProFeeder X, ProFeeder XL, Easy Desk). LCM machine tool components and accessories (Italy), including direct-drive spindles. Autobend computer control systems for metal fabrication machine tools sold to OEMs, retrofitters, and end-users.
- Customers and end markets
- Companies in the metal cutting industry, including job shops operating in high-mix, low- and medium-volume manufacturing environments. OEMs and retrofitters of metal fabrication machine tools purchase Autobend control systems. End markets include general metalworking, die and mold, aerospace, and electrical discharge machining (EDM) electrode production. Demand is driven by industrial technology advances, production capacity utilization, and general business conditions.
- Value-chain role
- Vertically integrated designer, manufacturer, and seller of CNC machine tools and proprietary control systems. Also acts as a component supplier to machine tool OEMs (via LCM and Autobend) and an automation integrator (via ProCobots) serving end-user manufacturers.
- Geographic exposure
- International operations with a worldwide sales, service, and distribution network. LCM is based in Italy. The 2026 Credit Agreement (entered January 5, 2026) allows borrowings in alternative currencies including sterling and euro, indicating material European presence. Specific revenue by geography not disclosed in the provided excerpts.
- Competitors
- DMG Mori Co., Ltd., Mazak Corporation, Haas Automation, Inc., DN Solutions (formerly Doosan Corporation), Okuma Corporation, Smart Machine Tool, Fryer Machine Systems Inc., ProtoTRAK CNC Machines
