Hurco Companies Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended October 31, 2013. For the quarter, the company reported net income of $1,899,000, or $0.29 per diluted share, as compared to net income of $4,086,000, or $0.63 per diluted share, for the corresponding period in fiscal 2012. Sales and service fees were $53,942,000, a decrease of $2,125,000, or 4%, from the prior year period sales and service fees of $56,067,000 a year ago. This quarter-over-quarter decrease is net of the favorable impact of $700,000, or 1%, in the fourth quarter of fiscal 2013, due to a stronger Euro when translating foreign sales to U.S. Dollars for financial reporting purposes. Operating income was $3,340,000 against $5,350,000 a year ago. Income before taxes was $3,114,000 against $5,305,000 a year ago. Capital expenditures was $483,000 against $1,129,000 a year ago.

For the year, the company reported net income of $8,190,000, or $1.25 per diluted share, as compared to net income of $15,638,000, or $2.40 per diluted share, for fiscal 2012. Sales and service fees was $192,804,000, a decrease of $10,313,000, or 5%, from fiscal 2012 sales and service fees of $203,117,000 a year ago. Operating income was $13,643,000 against $22,021,000 a year ago. Income before taxes was $12,442,000 against $21,864,000 a year ago. Capital expenditures was $2,380,000 against $3,732,000 a year ago.