Hurco Companies, Inc. Reports Earnings Results for the Fourth Quarter Ended October 31, 2020
January 08, 2021 at 01:00 pm
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Hurco Companies, Inc. announced earnings results for the fourth quarter ended October 31, 2020. For the fourth quarter, the company announced sales was USD 44.459 million compared to USD 59.989 million a year ago. Operating loss was USD 5.727 million compared to operating Income of USD 2.189 million a year ago. Net loss was USD 3.589 million compared to net income of USD 2.098 million a year ago. Basic loss per share from continuing operations was USD 0.54 compared to basic earnings per share from continuing operations of USD 0.31 a year ago. For the full year, sales was USD 170.627 million compared to USD 263.377 million a year ago. Operating loss was USD 9.862 million compared to operating Income of USD 22.540 million a year ago. Net loss was USD 6.247 million compared to net income of USD 17.495 million a year ago. Basic loss per share from continuing operations was USD 0.93 compared to basic earnings per share from continuing operations of USD 2.57 a year ago. Diluted loss per share from continuing operations was USD 0.93 compared to diluted earnings per share from continuing operations of USD 2.55 a year ago.
Hurco Companies, Inc. is an international, industrial technology company. The Company designs, manufactures, and sells computerized (such as Computer Numeric Control (CNC)) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry through a worldwide sales, service, and distribution network. Its computer control systems and software products are primarily sold as integral components of its computerized machine tool products. It also provides machine tool components, automation integration equipment and solutions for job shops, software options, control upgrades, accessories, and replacement parts for its products, and customer service, training, and applications support. It has three brands of CNC machine tools in its product portfolio, including Hurco, Milltronics and Takumi. It pioneered the application of microprocessor technology and conversational programming software for use in machine tools.
HURCO COMPANIES, INC. 
