Hurco Companies, Inc Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended October 31, 2017
January 05, 2018 at 08:00 am EST
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Hurco Companies, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended October 31, 2017. For the quarter, the company reported sales and service fees were $75,931,000 against $66,354,000 a year ago. Operating income was $8,985 against $5,119 a year ago. Income before taxes was $8,940,000 against $4,542,000 a year ago. Net income was $6,702,000 against $3,003,000 a year ago. Diluted per common share was $1 against $0.45 a year ago.
For the full year, the company reported sales and service fees were $243,667,000 against $227,289,000 a year ago. Operating income was $20,903 against $19,616 a year ago. Income before taxes was $20,716,000 against $18,885,000 a year ago. Net income was $15,115,000 against $13,292,000 a year ago. Diluted per common share was $2.25 against $1.99 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. 
