Hurco Companies, Inc. Reports Earnings Results for the Fourth Quarter Ended October 31, 2019
January 03, 2020 at 06:30 pm IST
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Hurco Companies, Inc. announced earnings results for the fourth quarter ended October 31, 2019. For the fourth quarter, the company announced sales was USD 59.989 million compared to USD 83.051 million a year ago. Operating income was USD 2.189 million compared to USD 11.287 million a year ago. Net income was USD 2.098 million compared to USD 8.302 million a year ago. Basic earnings per share was USD 0.31 compared to USD 1.24 a year ago. Diluted earnings per share was USD 0.31 compared to USD 1.22 a year ago. For the full year, sales was USD 263.377 million compared to USD 300.671 million a year ago. Operating income was USD 22.540 million compared to USD 33.796 million a year ago. Net income was USD 17.495 million compared to USD 21.490 million a year ago. Basic earnings per share was USD 2.57 compared to USD 3.19 a year ago. Diluted earnings per share was USD 2.55 compared to USD 3.15 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.