Welcome to our dedicated page for Hurco news (Ticker: HURC), a resource for investors and traders seeking the latest updates and insights on Hurco stock.
Hurco Companies reports recurring developments tied to its international industrial technology business for computer numeric control machine tools used in metal cutting and metal forming. Company updates commonly cover sales and service fees, new orders, gross profit trends, working capital, tax valuation allowances, and regional demand across the Americas, Europe, and Asia Pacific.
Hurco news also addresses product and technology initiatives for CNC machining, including Hurco, Milltronics, and Takumi machine platforms, control systems, software, automation, and AI-assisted manufacturing concepts. Governance-related updates include board and executive-chair transition matters alongside annual meeting activity.
Hurco (Nasdaq:HURC) reported Q2 FY2026 net loss of $2.37 million, or $0.37 per diluted share, versus a $4.06 million loss a year earlier. Sales rose 17% to $47.6 million and gross margin improved to 22%.
Orders grew 41% to $61.6 million, driven by strong demand in the Americas and Asia Pacific for Hurco and Takumi 5-axis and higher-performance vertical milling machines. Cash and equivalents were $50.1 million with no debt, and working capital was $166.9 million.
Hurco Companies (Nasdaq: HURC) reported a $3.468M net loss for Q1 FY2026, or $0.54 loss per diluted share, versus a $4.320M loss ($0.67) a year earlier. Sales were $42.868M, down 8%; orders rose 5% to $41.980M driven by an 18% increase in the Americas. Gross margin improved to 19% while SG&A rose to 26% of sales. Cash was $48.011M and working capital $169.506M as of January 31, 2026.
Hurco (Nasdaq: HURC) reported fiscal 2025 results for year ended October 31, 2025: a net loss of $15.12M (loss per diluted share $2.34) versus a net loss of $16.61M in fiscal 2024. Fourth-quarter net loss was $3.04M (Q4 2024: $1.44M). Fiscal 2025 sales were $178.55M, down 4% year-over-year; Q4 sales were $45.47M, down 15% year-over-year. Orders for fiscal 2025 were $171.29M, down 14% year-over-year. Cash and cash equivalents increased to $48.71M, up ≈$15M year-over-year. Management cited tariff headwinds, model mix shifts, cost reductions, and leadership changes while noting improved orders/sales in U.S. and Germany late in the year.
Hurco (Nasdaq: HURC) announced that Executive Chairman Michael Doar will retire from employment following the 2026 Annual Meeting of Stockholders.
Following receipt of his retirement notice, the Board nominated Mr. Doar to stand for re-election; if re-elected he will serve as a non-employee director and non-executive Chairman after the 2026 Annual Meeting.
Mr. Doar joined Hurco in 2000, served as CEO for 20 years, and has nearly 40 years in machine tools. Management emphasized leadership continuity under CEO Greg Volovic and CFO Sonja McClelland. The release notes Hurco’s global manufacturing footprint and worldwide sales subsidiaries.
Hurco Companies (Nasdaq: HURC) reported Q3 fiscal 2025 results, posting a net loss of $3.69 million ($0.58 per share), an improvement from the $9.60 million loss in Q3 2024. Sales increased 7% to $45.81 million, with notable growth in Americas (10%) and Asia Pacific (48%). The company maintained a strong cash position of $44.49 million.
Despite improved sales, orders declined 22% to $41 million in Q3 2025. The company continued its share repurchase program, buying back 104,472 shares for $2 million during the quarter. Gross profit margin improved to 20% from 18% year-over-year, while operating costs were reduced through cost-saving initiatives.
Hurco Companies (HURC) reported Q1 FY2025 results with a net loss of $4.32 million ($0.67 loss per share), compared to a $1.65 million loss ($0.25 per share) in Q1 FY2024. The quarter included a $2.39 million non-cash tax valuation allowance.
Sales reached $46.41 million, up 3% year-over-year, despite a 1% unfavorable currency impact. Regional performance varied with Americas sales up 9%, Asia Pacific sales increasing 18%, while European sales declined 5%. Orders decreased 20% to $40.09 million.
Gross profit margin contracted to 18% from 22%, while SG&A expenses improved to 22% of sales from 26%. Cash position strengthened to $41.82 million from $33.33 million in October 2024, though working capital decreased to $172.59 million from $180.79 million.
Hurco Companies (Nasdaq: HURC) reported a net loss of $1,442,000, or $(0.23) per diluted share, for Q4 2024, compared to net income of $2,422,000, or $0.36 per share, in Q4 2023. The annual net loss for fiscal year 2024 was $16,608,000, or $(2.56) per share, compared to net income of $4,389,000, or $0.66 per share, in fiscal year 2023.
Sales and service fees for Q4 2024 were $53,702,000, a 19% decrease from Q4 2023. Fiscal year 2024 sales totaled $186,584,000, an 18% decline from fiscal year 2023. Orders in Q4 2024 decreased 6% year-over-year, totaling $51,077,000, while annual orders fell 5% to $198,302,000.
Geographically, sales in the Americas dropped 21% for Q4 and 18% for the fiscal year. European sales fell 18% for Q4 and 21% for the year. In the Asia Pacific region, sales decreased 11% in Q4 but increased 2% for the year.
Gross profit for Q4 2024 was $12,186,000, or 23% of sales, down from $17,419,000, or 26%, in Q4 2023. Fiscal year 2024 gross profit was $37,743,000, or 20% of sales, compared to $56,168,000, or 25%, in fiscal year 2023. Selling, general, and administrative expenses were $12,677,000 for Q4 2024, 24% of sales, compared to $14,040,000, or 21%, in Q4 2023. Fiscal year 2024 expenses were $46,029,000, or 25% of sales, versus $49,552,000, or 22%, in fiscal year 2023.
Cash and cash equivalents stood at $33,330,000 as of October 31, 2024, compared to $41,784,000 a year earlier. Working capital was $180,788,000, down from $193,257,000 the previous year.
Hurco Companies (Nasdaq: HURC) has announced its strategic vision focused on developing Autonomous Machining Centers through AI, mechatronics, and simulation technologies. The company plans to transform manufacturing by leveraging the successful consolidation of Hurco, Milltronics, and Takumi PC hardware. Key initiatives include: expanding market share through product development and partnerships, implementing smart manufacturing processes, and investing in talent management. The company will launch robotics, automation, and AI-driven applications across all product categories, positioning itself as a leader in Industry 5.0.
Hurco Companies, Inc. (Nasdaq: HURC) unveiled groundbreaking AI-driven innovations at the 2024 International Manufacturing Technology Show (IMTS), positioning itself as a leader in machine tool technology. The company's next-generation control systems feature AI capabilities that significantly reduce programming time from minutes to seconds, enhancing efficiency and precision in CNC machine operations.
Hurco's President and CEO, Greg Volovic, highlighted two key advantages: complete vertical integration of CNC machine, control, and software, and a consistent commitment to innovation supported by a strong financial foundation. New tools like ChatCNC™ Chatbot for instant operator support and AI Feature Recognition for faster part programming are set to revolutionize the manufacturing industry, potentially altering the competitive landscape for Hurco's customers.