We're expecting earnings to be released before the open tomorrow, Friday. We have no definitive info. from the Co. in this regard -- just our estimate. Since 2004 HURC has never released on a Monday. Since 2004 the Company has released Q1 results between Wed. & Friday. Specifically, since 2006 they've released on either a Thurs. or Friday.
Given the Company ended last Qtr. with backlog in the $32M range (versus normal range of $10-$20M), we are expecting another solid Quarter to be announced for Q1 Orders, Revenue and EPS. German high-end, machine tool industry has remained at strong levels and the US sector has recovered nicely. The Asian market is finally started to grow .. namely since labor rates are rapidly increasing and basic machine tools are no longer adequate and shops are seeking more labor-productive (high-end) solutions. All favorable to HURC's sector of endeavor as a "stage 2" cyclical in machine tooling.
It was on the 10th last year, so that's as good as any guess. I see that the Annual Meeting is Thursday next week. Since I live nearby, I may try to attend. I even added a few shares today since the price has kind of been weak going into the report.
PU83 -- not sure about the US high-end machine tool indusry sector's demand progress/recovery .... but I can confirm both the German and SE Asian sectors for high-end machining has been very strong over the past 6 mos. The "incentives" to trade-up to HURC-like gear due to the escalating labor rates is exactly correct. We travel/do business extensively here in SE Asia and also in Germany & France. Appreciate and share your views on HURC. -- Yangzee