Hurco Q1 Revenue Drops 8% Amid Weaker Shipments, But Orders Rise 5%
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Hurco Companies reported an 8% year-over-year decline in Q1 sales and service fees, primarily due to weaker Milltronics shipments. Despite the revenue fall, the company's net loss narrowed to $3.5 million, an improvement from the previous year. Orders increased by 5% in Q1, driven by higher demand for Hurco and Takumi machines in the Americas, and gross profit margin improved due to cost reductions and a favorable sales mix. This mixed performance follows a challenging fiscal year 2025, which saw a $15.1 million net loss and a 4% revenue decline. Traders will be watching if the increased order activity and improved margins can translate into revenue growth in subsequent quarters.
At the time of this announcement, HURC was trading at $16.63 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $110.1M. The 52-week trading range was $13.19 to $21.46. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.