secwatch.observer — SEC 8-K summary
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Issuer:     HURCO COMPANIES INC (HURC)
CIK:        0000315374
Form:       8-K
Filed at:   2024-01-05T23:59:59+00:00
Accession:  0001558370-24-000087
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315374/000155837024000087/0001558370-24-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315374/000155837024000087/hurc-20240105x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-000087

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