Hurco Cos (HURC) Reports Q4 EPS of $0.72

Hurco Cos (NASDAQ: HURC) reported Q4 EPS of $0.72, versus $0.74 reported last year. Revenue for the quarter came in at $65.7 million, versus $62.2 thousand reported last year.

Michael Doar, Chief Executive Officer, stated, “Overall, it was a very good year for Hurco. In fact, when excluding the negative impact of currency translation, we had a record year in sales and orders as a result of the strong performance in Europe and the additions of Milltronics and Takumi. The ability of our team to conduct acquisitions and integrate new businesses with Hurco while maintaining focus on product development and accelerating sales is especially noteworthy since Hurco is a relatively small company. I attribute this ability to the culture of agility and industriousness that defines Hurco, as we continually focus on helping our customers be more productive and profitable. All sales regions are performing well, when excluding the impact of foreign currency translation, and the integration of Takumi and Milltronics has been extremely efficient. From a Hurco product standpoint, the transition to our latest control is complete with an enthusiastic reception from customers around the world. Going forward, we remain focused on our strategic plan that provides the flexibility to successfully respond to market needs and navigate economic conditions quickly and efficiently so we can continue the development of technologies that can make manufacturers more productive and profitable.”

For earnings history and earnings-related data on Hurco Cos (HURC) click here.

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