Hurco ( (HURC) ) has released its Q2 earnings. Here is a breakdown of the information Hurco presented to its investors.
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Hurco Companies, Inc., based in Indianapolis, Indiana, is a global industrial technology company specializing in computer numeric control (CNC) machine tools for the metal cutting and forming industry, with manufacturing operations in Taiwan, Italy, the U.S., and China. In its second fiscal quarter of 2025, Hurco reported a net loss of $4.06 million, or $0.62 per diluted share, which included a non-cash tax valuation allowance. This represents a slight increase in losses compared to the same period in 2024. Sales and service fees decreased by 10% to $40.87 million, with notable declines in the Americas and Europe, and a significant 29% drop in the Asia Pacific region. Orders for the quarter also saw a slight decrease of 1%, with a notable 74% increase in the Asia Pacific region offset by declines in the Americas and Europe. Despite the challenging market conditions, Hurco’s CEO emphasized the company’s commitment to its long-term strategy, focusing on strengthening cash flow, reducing costs, and investing in product development to position itself for future growth. Looking ahead, Hurco remains focused on navigating the uncertainties in global markets while reinforcing its financial foundation and product offerings.