Hurco Q4 FY2023 net income $2.4M ($0.36 EPS), sales $66.1M, up 4% YoY

HURCO COMPANIES INC

Net income $2.4M ($0.36 diluted EPS) vs $1.4M ($0.22) in Q4 2022; full year $4.4M ($0.66) vs $8.2M ($1.23).
Sales and service fees Q4 $66.1M (+4% YoY); full year $227.8M (-9% YoY).
Americas sales Q4 +15%, Europe -4%, Asia Pacific +1%; orders Q4 $54.1M (-7% YoY).
Gross profit margin 26% in Q4 (down from 28%); SG&A $14.0M vs $14.9M.
Cash $41.8M (down from $63.9M); company starts FY2024 debt-free.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HURCO COMPANIES INC reported financial results for fourth fiscal quarter and full fiscal year ended October 31, 2023.

Period: fourth fiscal quarter and full fiscal year ended October 31, 2023
Result: reported results

Exact text from the filing

On January 5, 2024, Hurco Companies, Inc. (the “Company”) reported its results of operations for the fourth fiscal quarter and full fiscal year ended October 31, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HURCO COMPANIES INC reported financial results for fourth quarter of fiscal 2023.

Period: fourth quarter of fiscal 2023
Result: reported results

Exact text from the filing

Hurco recorded net income of $2,422,000, or $0.36 per diluted share, for the fourth quarter of fiscal 2023, compared to net income of $1,424,000, or $0.22 per diluted share, for the corresponding period in fiscal 2022.

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Source: SEC EDGAR

accession 0001558370-24-000087

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