earnings
confidence high
sentiment neutral
materiality 0.55
Hurco Q2 net income down 17% YoY to $0.30 EPS; sales up 8% but orders fall 10%
HURCO COMPANIES INC
2022-Q2 EPS reported
$0.83
revenue$129,712,000
- Net income of $2.03M ($0.30 diluted EPS) vs $2.44M ($0.36) in Q2 2021.
- Sales and service fees of $62.8M, up 8% YoY; unfavorable currency impact of $2.5M (4%).
- Orders booked of $58.9M, down 10% YoY; Europe orders fell 19%, Asia Pacific fell 45%.
- Americas sales up 14%, Europe up 7%, Asia Pacific up 3%; all regions contributed to growth.
- Cash and equivalents $82.0M; working capital $203.4M, down from $208.7M at year-end.