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Hurco reports increase in quarterly, annual profit

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Increased demand for its products in North America and Europe helped Indianapolis-based Hurco Companies Inc. post higher sales and profit in its fiscal fourth quarter.

Hurco, a maker of computer-controlled machining tools, earned $4.1 million during the three months ended Oct. 31, up 54 percent from the same time in 2011.

Earnings per share in the most recent quarter were 63 cents, compared with 41 cents in the year-ago period.

Revenue increased 15 percent, to $56.1 million.

Sales in North America and Europe accounted for 92 percent of Hurco’s fourth quarter revenue. New orders booked in the quarter rose by 53 percent in North America and by 23 percent in Europe, but fell 15 percent in Asia where industrial activity has been slowing, Hurco said.

For all of fiscal 2012, Hurco earned $15.6 million, or $2.40 per share, compared with $11.1 million, or $1.71 per share, in fiscal 2011.

Full-year revenue increased 13 percent, to $203.1 million.

Hurco stock rose nearly 4 percent in early trading Friday, to $25 per share.
 

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  1. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

  2. I think perhaps there is legal precedence here in that the laws were intended for family farms, not pig processing plants on a huge scale. There has to be a way to squash this judges judgment and overrule her dumb judgement. Perhaps she should be required to live in one of those neighbors houses for a month next to the farm to see how she likes it. She is there to protect the people, not the corporations.

  3. http://www.omafra.gov.on.ca/english/engineer/facts/03-111.htm Corporate farms are not farms, they are indeed factories on a huge scale. The amount of waste and unhealthy smells are environmentally unsafe. If they want to do this, they should be forced to buy a boundary around their farm at a premium price to the homeowners and landowners that have to eat, sleep, and live in a cesspool of pig smells. Imagine living in a house that smells like a restroom all the time. Does the state really believe they should take the side of these corporate farms and not protect Indiana citizens. Perhaps justifiable they should force all the management of the farms to live on the farm itself and not live probably far away from there. Would be interesting to investigate the housing locations of those working at and managing the corporate farms.

  4. downtown in the same area as O'malia's. 350 E New York. Not sure that another one could survive. I agree a Target is needed d'town. Downtown Philly even had a 3 story Kmart for its downtown residents.

  5. Indy-area residents... most of you have no idea how AMAZING Aurelio's is. South of Chicago was a cool pizza place... but it pales in comparison to the heavenly thin crust Aurelio's pizza. Their deep dish is pretty good too. My waistline is expanding just thinking about this!

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