secwatch.observer — SEC 8-K summary
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Issuer:     HURCO COMPANIES INC (HURC)
CIK:        0000315374
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0001558370-23-003399
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315374/000155837023003399/0001558370-23-003399-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315374/000155837023003399/hurc-20230309x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-003399

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