Hurco Companies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended April 30, 2024
June 07, 2024 at 09:10 pm
Share
Hurco Companies, Inc. reported earnings results for the second quarter and six months ended April 30, 2024. For the second quarter, the company reported sales was USD 45.17 million compared to USD 53.82 million a year ago. Net loss was USD 3.92 million compared to net income of USD 0.377 million a year ago. Basic loss per share from continuing operations was USD 0.61 compared to basic earnings per share from continuing operations of USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.61 compared to diluted earnings per share from continuing operations of USD 0.06 a year ago.
For the six months, sales was USD 90.23 million compared to USD 108.5 million a year ago. Net loss was USD 5.57 million compared to net income of USD 1.71 million a year ago. Basic loss per share from continuing operations was USD 0.86 compared to basic earnings per share from continuing operations of USD 0.26 a year ago. Diluted loss per share from continuing operations was USD 0.86 compared to diluted earnings per share from continuing operations of USD 0.26 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. 
