Hurco ( (HURC) ) has released its Q3 earnings. Here is a breakdown of the information Hurco presented to its investors.
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Hurco Companies, Inc., an industrial technology firm based in Indianapolis, specializes in selling computer numeric control (CNC) machine tools to the global metal cutting and forming industry, with operations spanning the Americas, Europe, and Asia. The company recently reported its financial results for the third quarter of fiscal year 2025, revealing a net loss of $3.7 million, an improvement from the $9.6 million loss in the same quarter of the previous year. Despite the loss, Hurco experienced a 7% increase in sales and service fees, reaching $45.8 million, driven by strong performance in the Americas and Asia Pacific regions.
Key financial highlights for the quarter included a 10% sales growth in the Americas and a remarkable 48% increase in the Asia Pacific region. However, European sales remained flat, and overall orders declined by 22% compared to the previous year, primarily due to reduced demand in the Americas and Europe. The company’s gross profit improved to 20% of sales, up from 18% in the prior year, reflecting cost-saving measures and a favorable sales mix.
Despite the challenges, Hurco maintained a strong cash position with over $44 million in cash and cash equivalents, and continued to focus on strategic investments in technology and potential acquisitions. The company also repurchased $1.9 million worth of its shares during the quarter, as part of its ongoing share repurchase program.
Looking ahead, Hurco’s management remains optimistic about returning to profitability, emphasizing a balanced capital allocation strategy and ongoing investments in emerging technologies. The company aims to leverage its healthy cash position to deliver long-term value for shareholders, while navigating macroeconomic uncertainties and evolving market conditions.