Hurco Swings to Q3 Profit as Machine Sales Volumes Rise
HURC sits 55% above its 52-week low of $14.5.
Summary
Hurco returned to profitability in fiscal Q3 with net income of $2.31 million, driven by a 3% revenue increase and gross margin expansion to 28% from 20%. The margin improvement reflects cost control, better fixed overhead absorption, and a stronger mix of 5-axis and higher-performance machines, particularly in the U.S. and Asia Pacific. Tariff refunds helped but were secondary to underlying business fundamentals. Management says the business direction has turned and plans to introduce next-generation proprietary control technology at IMTS in September, which could sustain momentum.
At the time of this announcement, HURC was trading at $22.55 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $147.7M. The 52-week trading range was $14.50 to $23.75. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.