secwatch.observer — SEC 8-K summary
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Issuer:     HURCO COMPANIES INC (HURC)
CIK:        0000315374
Form:       8-K
Filed at:   2022-03-04T23:59:59+00:00
Accession:  0001558370-22-002873
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hurco reports Q1 net income $3.5M / $0.53 EPS vs $0.10 prior year; sales up 24%
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- Net income $3.5M ($0.53 diluted EPS) vs $663K ($0.10) prior year; gross margin improved to 25% from 21%.
- Sales $66.9M, up 24% YoY; European sales +41%, Asia Pacific +32%, Americas +3%.
- Orders $70.9M, up 24% YoY; Europe orders +58% driven by higher-performance machines.
- Cash $90.0M, working capital $210.5M; stock repurchase program commenced in quarter.
- CEO cited sixth consecutive quarter orders > sales; continued focus on growth and acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315374/000155837022002873/0001558370-22-002873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315374/000155837022002873/hurc-20220304x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-002873

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