---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-003399"
form_type: "8-K"
ticker: "HURC"
cik: "0000315374"
company_name: "HURCO COMPANIES INC"
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:59:15.232048+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hurco Q1 EPS $0.20, revenue down 18% YoY; orders fall 25%

## Summary
- Net income $1.33M ($0.20 diluted EPS) vs $3.535M ($0.53) in prior year Q1.
- Sales $54.68M, down 18% YoY; Americas -8%, Europe -16%, Asia Pacific -53%.
- Orders $53.23M, down 25% YoY; currency headwinds provided 5% unfavorable impact.
- Board declares $0.16/share cash dividend, payable Apr 10 to holders of record Mar 27.
- New $25M share repurchase program authorized through Nov 2024; prior $7M program expires Mar 10.

## SEC filing metadata
- accession: 0001558370-23-003399
- form_type: 8-K
- ticker: HURC
- cik: 0000315374
- company_name: HURCO COMPANIES INC
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/315374/000155837023003399/0001558370-23-003399-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/315374/000155837023003399/hurc-20230309x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-003399
- JSON: https://secwatch.observer/filing/0001558370-23-003399.json
- Plain text: https://secwatch.observer/filing/0001558370-23-003399.txt

## Key facts
- Earnings Releases
  HURCO COMPANIES INC reported the first fiscal quarter ended January 31, 2023 results: revenue $54,682,000, net income $1,330,000, EPS $0.20 per diluted share.
  - Period: the first fiscal quarter ended January 31, 2023
  - Revenue: $54,682,000
  - Net income: $1,330,000
  - EPS: $0.20 per diluted share
  - Result: reported results
  source text: net income of $3,535,000, or $0.53 per diluted share, for the corresponding period in fiscal year 2022. ​ Sales and service fees for the first quarter of fiscal year 2023 were $54,682,000, a decrease of $12,205,000, or 18%, compared to the corresponding prior year period, and included an unfavorable currency impact of $3,189,000, or 5%, when translating foreign
  evidence_url: https://www.sec.gov/Archives/edgar/data/315374/000155837023003399/0001558370-23-003399-index.htm
- Shareholder Votes
  HURCO COMPANIES INC shareholders approved Ratification of appointment of public accounting firm at the 2023-03-09 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-03-09
  source text: For ​ Against Abstentions ​ ​ Broker Non- Votes Ratification of appointment of public accounting firm: 5,649,468 79,273 4,772 ​ -
  evidence_url: https://www.sec.gov/Archives/edgar/data/315374/000155837023003399/0001558370-23-003399-index.htm
- Shareholder Votes
  HURCO COMPANIES INC shareholders approved Advisory vote on frequency of future say-on-pay votes at the 2023-03-09 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-03-09
  source text: 1 Year 2 Years ​ ​ ​ ​ 3 Years Abstentions ​ Broker Non- Votes Advisory vote on frequency of future say-on-pay votes: 4,468,123 8,845 482,600 120,338 653,607
  evidence_url: https://www.sec.gov/Archives/edgar/data/315374/000155837023003399/0001558370-23-003399-index.htm
- Shareholder Votes
  HURCO COMPANIES INC shareholders approved Election of directors at the 2023-03-09 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-03-09
  source text: Number of Votes FOR Number of Votes WITHHELD Broker Non- Votes ​ Election of Directors: ​ ​ ​ ​ Thomas A. Aaro 2,939,869 2,140,037 653,607 ​ Michael Doar 4,993,288 86,618 653,607 ​ Cynthia Dubin 5,023,183 56,723 653,607 ​ Timothy J. Gardner 5,020,620 59,286 653,607 ​ Jay C. Longbottom 2,939,094 2,140,812 653,607 ​ Richard Porter 2,919,349 2,160,557 653,607 ​ Janaki Sivanesan 4,764,849 315,057 653,607 ​ Gregory S. Volovic 5,020,237 59,669 653,607
  evidence_url: https://www.sec.gov/Archives/edgar/data/315374/000155837023003399/0001558370-23-003399-index.htm
- Shareholder Votes
  HURCO COMPANIES INC shareholders approved Advisory vote to approve executive compensation at the 2023-03-09 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-03-09
  source text: For ​ Against Abstentions Broker Non- Votes Advisory vote to approve executive compensation: 4,052,666 899,775 127,465 653,607
  evidence_url: https://www.sec.gov/Archives/edgar/data/315374/000155837023003399/0001558370-23-003399-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.