Hurco Q3 Sales Rise 7% Amid Industrial Technology Growth

Hurco Companies, Inc. reported a 7% increase in Q3 sales, driven by growth in its CNC machine tools business. The company sells its three brands of CNC machine tools to the metal cutting and metal forming industry worldwide, with customers in industries such as aerospace, defense, medical equipment, energy, transportation, and computer equipment.

Hurco Companies, Inc. (Nasdaq: HURC) reported a 7% increase in sales for the third quarter of fiscal year 2025, driven by robust growth in its CNC machine tools business. The company's net loss for the quarter was $3,693,000, or $0.58 per share, compared to a net loss of $9,596,000, or $1.47 per share, in the same period last year. The decrease in net loss was primarily due to a reduction in non-cash tax valuation allowances recorded in the provision for income taxes [1].

Sales and service fees for the third quarter of fiscal year 2025 totaled $45,806,000, an increase of $3,155,000, or 7%, compared to the same period last year. This growth was primarily driven by increased shipments of Hurco and Milltronics machines, with a significant contribution from lathes, tool room machines, and vertical machining centers. The company also reported a favorable currency impact of $1,379,000, or 3%, when translating foreign sales to U.S. dollars [1].

Hurco's sales growth was particularly strong in the Americas, where sales increased by 10% compared to the same period last year, and in the Asia Pacific region, where sales increased by 48%. In contrast, European sales decreased by less than 1% for the quarter. Over the nine months of fiscal year 2025, sales and service fees totaled $133,087,000, an increase of $205,000, or less than 1%, compared to the same period last year. This increase was primarily driven by sales growth in the Americas and Asia Pacific regions [1].

The company's gross profit for the third quarter of fiscal year 2025 was $9,112,000, or 20% of sales, compared to $7,843,000, or 18% of sales, in the same period last year. The increase in gross profit as a percentage of sales was primarily due to a higher concentration of machine sales in Europe and lower fixed costs allocated to overhead related to cost savings implemented in the last twelve months [1].

Hurco's Chief Executive Officer, Greg Volovic, stated, "While capital purchase decisions remain somewhat cautious due to macroeconomic uncertainty, I am encouraged by the progress we made this quarter. We increased our gross profit and reduced our operating costs to improve our overall financial results compared to the prior year. We delivered 10% sales growth in the Americas and nearly 50% growth in Asia Pacific and strengthened our balance sheet, resulting in over $44 million in cash and cash equivalents as of July 31, 2025. These improvements reflect the value of our product portfolio, the discipline of our teams, and the growing confidence we are seeing from customers as they begin to navigate advancements in trade agreements and changes in tax legislation. With a healthy cash position and ongoing investments in technology, we believe Hurco is well positioned to return to profitability and deliver long-term value for our shareholders" [1].

References:
[1] https://www.stocktitan.net/news/HURC/hurco-reports-third-quarter-results-for-fiscal-year-ohk7nr45eos3.html