Hurco Companies reports Q4 EPS 36c vs 22c last year

Reports Q4 revenue $66.105M vs $63.462M last year. Greg Volovic, President, and Chief Executive Officer, stated, “I am pleased to report strong fourth quarter sales performance in the U.S., United Kingdom, and Germany. Their exceptional contributions during the final quarter of our year played a pivotal role in achieving fourth quarter sales and service fees of $66,105,000, making it our best quarter of the fiscal year. The United Kingdom not only finished with a strong fourth quarter but also experienced a remarkable record sales year. The Company’s higher fourth quarter sales, coupled with prudent production levels, enabled us to significantly reduce inventory, aligning it more closely with current demand… As we embark on fiscal 2024, we are proud to start with a debt-free balance sheet, ready to seize new opportunities for business growth, and an unwavering focus on addressing the future needs of our customers.”