earnings
confidence high
sentiment negative
materiality 0.70
Hurco Q3 net income $0.18 EPS vs $0.23 YoY; orders down 21%
HURCO COMPANIES INC
2022-Q3 EPS reported
$1.01
revenue$187,352,000
- Net income $1.24M ($0.18 diluted EPS) vs $1.57M ($0.23) in Q3 2021.
- Sales $57.6M (+6% YoY) but unfavorable FX impact of $4.3M (8%).
- Orders fell 21% to $52.9M; Asia Pacific orders dropped 46%.
- Americas sales +24% YoY; Europe +2% (FX -14%); Asia Pacific -25%.
- Gross margin improved to 25% from 24%; cash $73.5M vs $84.1M at Oct 2021.