Hurco ( (HURC) ) has released its Q1 earnings. Here is a breakdown of the information Hurco presented to its investors.
Hurco Companies, Inc. is an international industrial technology firm specializing in computer numeric control (CNC) machine tools for the metal cutting and forming industry, with operations spanning the Americas, Europe, and Asia. In its first fiscal quarter of 2025, Hurco reported a net loss of $4.32 million, a significant increase from the $1.65 million loss in the same period the previous year. Despite this, the company saw a 3% increase in sales and service fees, driven by strong demand in the Americas and Asia Pacific regions, although European sales declined. Key financial metrics revealed a 9% sales growth in the Americas and an 18% increase in Asia Pacific, while European sales fell by 5%. Orders, however, decreased by 20% overall, with notable declines in the Americas and Europe. The company’s gross profit margin also decreased from 22% to 18%, attributed to lower sales volumes of higher-performance machines and unfavorable currency impacts. Looking forward, Hurco remains committed to financial discipline and operational efficiency, leveraging its diverse product portfolio and global reach to navigate market challenges and meet customer needs.