Hurco Companies, Inc. (NASDAQ: HURC) reported its first‑quarter fiscal 2026 financial results, showing a net loss of $3.468 million, or $0.54 per diluted share, compared with a $4.320 million loss, or $0.67 per diluted share, in the same period last year. The company’s sales and service fees fell 8% to $42.868 million, while gross profit rose to $7.938 million, or 19% of sales, up from 18% the prior year.
The decline in sales was driven by weaker demand in Europe and Asia Pacific and a reduction in shipments of Milltronics machines in the Americas, offset by a 5% increase in orders to $41.980 million, largely from stronger demand for Hurco and Takumi machines in the Americas.
Management highlighted that the improved gross margin was a result of a more favorable product mix and cost containment measures, which helped offset the impact of higher SG&A expenses that rose to 26% of sales from 22% the prior year.
Cash remained robust at $48.011 million and working capital stood at $169.506 million as of January 31 2026, giving the company a solid liquidity position to support ongoing operations and potential capital investments.
CEO Greg Volovic noted that “our orders have picked up considerably in the U.S. despite the increase in tariffs, overall gross profit has improved, reflecting cost reductions and containment, and continued working capital efficiency reflects our steadfast focus on a strong balance sheet.” The company emphasized its commitment to managing the business for long‑term sustainable growth.
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