Industrial technology seller Hurco's Q3 sales rise 7%

Reuters
09/05
Industrial technology seller Hurco's Q3 sales rise 7%

Overview

  • Hurco fiscal Q3 sales rise 7% yr/yr, driven by growth in Americas, Asia Pacific

  • Net loss narrows to $3.7 mln from $9.6 mln in prior year

  • Orders fall 22% amid cautious capital purchase decisions, reflecting macroeconomic uncertainty

Outlook

  • Hurco optimistic about future profitability with strong cash position and tech investments

Result Drivers

  • AMERICAS GROWTH - Sales in the Americas rose 10% due to increased shipments of Hurco and Milltronics machines

  • ASIA PACIFIC EXPANSION - Sales in Asia Pacific surged 48%, driven by higher sales of Takumi machines

  • EUROPEAN STAGNATION - European sales remained flat, with favorable currency impacts offset by decreased shipments in France and Germany

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

-$3.69 mln

Q3 Capex

$932,000

Q3 Gross Profit

$9.11 mln

Q3 Operating Income

-$1.65 mln

Q3 Pretax Profit

-$3.13 mln

Press Release: ID:nGNX6ZG3HJ

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10