Hurco Companies Full Year 2023 Earnings: EPS: US$0.67 (vs US$1.24 in FY 2022)
Hurco Companies (NASDAQ:HURC) Full Year 2023 Results
Key Financial Results
Revenue: US$227.8m (down 9.2% from FY 2022).
Net income: US$4.33m (down 47% from FY 2022).
Profit margin: 1.9% (down from 3.2% in FY 2022). The decrease in margin was driven by lower revenue.
EPS: US$0.67 (down from US$1.24 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
The primary driver behind last 12 months revenue was the United States of America segment contributing a total revenue of US$83.7m (37% of total revenue). Notably, cost of sales worth US$171.6m amounted to 75% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$45.8m (88% of total expenses). Explore how HURC's revenue and expenses shape its earnings.
Hurco Companies shares are up 5.7% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Hurco Companies (2 are a bit concerning) you should be aware of.
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