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Hurco Stock Slips Post Q3 Earnings Despite Stronger Sales and Profit
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Shares of Hurco Companies, Inc. (HURC - Free Report) have lost 1.8% since the company reported its earnings for the quarter ended July 31, 2026. This compares to the S&P 500 Index’s 0.9% decline over the same time frame. Over the past month, the stock gained 3.1% against the S&P 500’s 1.3% decline.
Hurco’s Earnings Snapshot
Hurco reported third-quarter fiscal 2026 sales and service fees of $47.3 million, up 3.2% from $45.8 million in the year-ago period. Net income was $2.3 million, or $0.35 per share, against a net loss of $3.7 million, or $0.58 per share, a year earlier.
Hurco operates as a single reportable segment: industrial automation equipment.
By geography, Americas sales increased 11% to $18.8 million, European sales fell 12% to $21.3 million, and Asia Pacific sales rose 51% to $7.2 million. By product category, computerized machine tool sales increased 3%, service parts rose 6.3%, while computer control systems and software and service fees each declined 1.3%.
HURC’s Other Key Business Metrics
Orders were $51.4 million in the fiscal third quarter, up 25.3% year over year. Orders increased 37% in the Americas, 6% in Europe and 68% in Asia Pacific.
Gross profit was $13.2 million, or 28% of sales, compared with $9.1 million, or 20% of sales, a year earlier. Operating income was $2.3 million against an operating loss of $1.7 million. Selling, general and administrative (SG&A) expenses were $10.9 million, or 23% of sales, compared with $10.8 million, also 23% of sales.
Net cash provided by operating activities was $5.3 million for the first nine months of fiscal 2026, compared with $13.9 million in the corresponding prior-year period. As of July 31, 2026, cash and cash equivalents were $52.1 million compared with $48.7 million as of Oct. 31, 2025. Working capital was $166.7 million compared with $173.1 million, and the company reported no debt. Inventories were $136.6 million compared with $142.9 million over the same comparison periods.
Hurco Companies, Inc. Price, Consensus and EPS Surprise
CEO Greg Volovic said that HURC’s strategic pricing and tighter cost controls were contributing to its return to quarterly profitability. Management also pointed to improved fixed-overhead absorption, higher machine sales volumes in the United States and Asia Pacific and a stronger mix of 5-axis and higher-performance machines.
Volovic cautioned that Hurco operates in a cyclical industry and said that management was not declaring the cycle over, although it believes the direction of the business has improved. Orders for the first nine months of fiscal 2026 increased 24.2% and improved across all regions, outpacing shipments.
Management also said that Hurco planned to introduce the next generation of its proprietary control technology at IMTS in Chicago and cited its cash position, working capital and lack of debt as supporting continued investment.
Factors Influencing HURC’s Headline Numbers
The Americas benefited from higher shipments of Hurco 5-axis and larger, higher-performance vertical milling machines, along with increased Milltronics and Takumi toolroom lathe shipments. Asia Pacific growth reflected higher shipments of Hurco vertical milling machines in China and Southeast Asia, Takumi vertical milling machines and private-labeled machine frames. Europe remained pressured by lower shipments of Hurco machines and electro-mechanical components and accessories from LCM, partly offset by higher Takumi vertical milling machine volumes and ProCobots automation sales.
Gross profit improvement was driven mainly by higher machine sales volume, a greater mix of higher-performance machines and price increases implemented in the first quarter of fiscal 2026. Tariff refund claims also contributed, but management said that they were a smaller factor. SG&A expenses were affected by unfavorable currency translation and higher global wages, sales commissions and employee benefits. Other income, net, was $0.3 million against other expense, net, of $1.5 million a year earlier, mainly reflecting a lower foreign currency exchange loss.
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Hurco Stock Slips Post Q3 Earnings Despite Stronger Sales and Profit
Shares of Hurco Companies, Inc. (HURC - Free Report) have lost 1.8% since the company reported its earnings for the quarter ended July 31, 2026. This compares to the S&P 500 Index’s 0.9% decline over the same time frame. Over the past month, the stock gained 3.1% against the S&P 500’s 1.3% decline.
Hurco’s Earnings Snapshot
Hurco reported third-quarter fiscal 2026 sales and service fees of $47.3 million, up 3.2% from $45.8 million in the year-ago period. Net income was $2.3 million, or $0.35 per share, against a net loss of $3.7 million, or $0.58 per share, a year earlier.
Hurco operates as a single reportable segment: industrial automation equipment.
By geography, Americas sales increased 11% to $18.8 million, European sales fell 12% to $21.3 million, and Asia Pacific sales rose 51% to $7.2 million. By product category, computerized machine tool sales increased 3%, service parts rose 6.3%, while computer control systems and software and service fees each declined 1.3%.
HURC’s Other Key Business Metrics
Orders were $51.4 million in the fiscal third quarter, up 25.3% year over year. Orders increased 37% in the Americas, 6% in Europe and 68% in Asia Pacific.
Gross profit was $13.2 million, or 28% of sales, compared with $9.1 million, or 20% of sales, a year earlier. Operating income was $2.3 million against an operating loss of $1.7 million. Selling, general and administrative (SG&A) expenses were $10.9 million, or 23% of sales, compared with $10.8 million, also 23% of sales.
Net cash provided by operating activities was $5.3 million for the first nine months of fiscal 2026, compared with $13.9 million in the corresponding prior-year period. As of July 31, 2026, cash and cash equivalents were $52.1 million compared with $48.7 million as of Oct. 31, 2025. Working capital was $166.7 million compared with $173.1 million, and the company reported no debt. Inventories were $136.6 million compared with $142.9 million over the same comparison periods.
Hurco Companies, Inc. Price, Consensus and EPS Surprise
Hurco Companies, Inc. price-consensus-eps-surprise-chart | Hurco Companies, Inc. Quote
Hurco’s Management Commentary
CEO Greg Volovic said that HURC’s strategic pricing and tighter cost controls were contributing to its return to quarterly profitability. Management also pointed to improved fixed-overhead absorption, higher machine sales volumes in the United States and Asia Pacific and a stronger mix of 5-axis and higher-performance machines.
Volovic cautioned that Hurco operates in a cyclical industry and said that management was not declaring the cycle over, although it believes the direction of the business has improved. Orders for the first nine months of fiscal 2026 increased 24.2% and improved across all regions, outpacing shipments.
Management also said that Hurco planned to introduce the next generation of its proprietary control technology at IMTS in Chicago and cited its cash position, working capital and lack of debt as supporting continued investment.
Factors Influencing HURC’s Headline Numbers
The Americas benefited from higher shipments of Hurco 5-axis and larger, higher-performance vertical milling machines, along with increased Milltronics and Takumi toolroom lathe shipments. Asia Pacific growth reflected higher shipments of Hurco vertical milling machines in China and Southeast Asia, Takumi vertical milling machines and private-labeled machine frames. Europe remained pressured by lower shipments of Hurco machines and electro-mechanical components and accessories from LCM, partly offset by higher Takumi vertical milling machine volumes and ProCobots automation sales.
Gross profit improvement was driven mainly by higher machine sales volume, a greater mix of higher-performance machines and price increases implemented in the first quarter of fiscal 2026. Tariff refund claims also contributed, but management said that they were a smaller factor. SG&A expenses were affected by unfavorable currency translation and higher global wages, sales commissions and employee benefits. Other income, net, was $0.3 million against other expense, net, of $1.5 million a year earlier, mainly reflecting a lower foreign currency exchange loss.