Hurco(HURC) - 2024 Q1 - Quarterly Results
Hurco(HURC)2024-03-08 21:57
Sales and service fees for the first quarter of fiscal year 2024 were $45,059,000, a decrease of $9,623,000, or 18%, compared to the corresponding prior year period, and included a favorable currency impact of $779,000, or 1%, when translating foreign sales to U.S. dollars for financial reporting purposes. Greg Volovic, Chief Executive Officer, stated, "We were disappointed with first quarter results but are continuing to invest in the future growth of our business. I am particularly heartened by the positi ...