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Hurco Reports Third Quarter Results

Stocks in this article: HURC

The following table sets forth new orders booked by geographic region for the third quarter and first nine months of fiscal 2012 and 2011, respectively:

  Three Months Ended Six Months Ended
  July 31, July 31,
      %     %
  2012 2011 Change 2012 2011 Change
North America  $ 12,821  $ 9,116 41%  $ 41,246  $ 36,693 12%
Europe  27,829  22,617 23%  87,477  98,660 -11%
Asia Pacific  5,695  8,073 -29%  17,597  21,327 -17%
Total  $ 46,345  $ 39,806 16%  $ 146,320  $ 156,680 -7%

Orders for the third quarter of fiscal 2012 were $46,345,000, an increase of $6,539,000, or 16%, from the corresponding period in fiscal 2011. Unit orders for the third quarter of fiscal 2012 increased by 102% in North America and 36% in Europe, but decreased by 41% in the Asia Pacific region compared to the prior year period. It should be noted, however, that orders in the third quarter of fiscal 2011 were unusually low due to a surge of customer orders that were placed during the preceding quarter in advance of an announced price increase that went into effect at the end of that quarter. The impact of currency translation on orders was consistent with the impact on sales. Orders for the first nine months of fiscal 2012 were $146,320,000, a decrease of $10,360,000, or 7%, from the corresponding period in fiscal 2011. Unit orders for the first nine months of fiscal 2012 increased by 10% in North America, but decreased by 15% in Europe and 25% in the Asia Pacific region compared to the prior year period.

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