Hurco Companies remains ‘committed to evaluating future acquisitions’

CEO Greg Volovic stated, "It is critical that we continue to have a balanced capital allocation strategy that prioritizes a strong balance sheet and optimal liquidity while recognizing the importance of accretive growth and shareholder value We have implemented a two-year stock repurchase plan that we believe will enhance shareholder value and continue to allow us to invest in capital expenditures, make new investments in emerging technologies and research and development, and pay dividends. While we evaluated potential strategic acquisitions during fiscal year 2022, the volatile macroeconomic environment was not conducive to transacting. We remain committed to evaluating future acquisitions and believe that economic downturns will present opportunities to acquire businesses accretive to ours. The ability to return value to shareholders, even during periods of economic uncertainty, is a testament to the company’s fiscally responsible culture and long-term growth perspective."