earnings
confidence high
sentiment neutral
materiality 0.75
Hurco Q3 EPS $0.23 down from $0.32 YoY; sales up 19% to $54.2M; orders surge 85%
HURCO COMPANIES INC
2021-Q3 EPS reported
$0.70
revenue$166,213,000
- Net income $1.57M ($0.23 diluted EPS) vs $2.16M ($0.32) a year ago; 9-month net income $4.67M ($0.70) vs loss $2.66M (-$0.39).
- Sales $54.2M, +19% YoY; Europe sales +45% to $28.4M; Americas +7%; Asia Pacific -17%.
- Orders $66.7M, +85% YoY; Europe orders +140%; Americas +46%; Asia Pacific +58%.
- Gross margin 24% (flat YoY); operating income $2.64M (5% of sales) vs $1.44M (3%); employee retention credit benefit $989K.
- Cash $80.5M vs $57.9M at Oct 31, 2020; working capital $207.3M.