)
Overview
<ul>
<li>Industrial technology firm’s Q1 sales and service fees fell 8% yr/yr, with improved gross profit margin</li>
<li>Company reported Q1 net loss of $3.5 mln, narrowing from previous year</li>
<li>Orders increased 5% in Q1</li>
</ul>
Outlook
<ul>
<li>Hurco sees improved order activity in the U.S.</li>
</ul>
Result Drivers
<ul>
<li>GROSS PROFIT MARGIN - Improved due to cost reductions and favorable sales mix of higher-performance machines</li>
<li>ORDERS INCREASE - Driven by increased customer demand for Hurco and Takumi machines in the Americas</li>
<li>SALES DECLINE - Decreased shipments of specific machine models in key regions led to revenue drop Company press release:</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q1 Net -$3.47
Income mln
Q1 Gross 19.00%
Margin
Q1 Capex $610,000
Q1 Gross $7.94
Profit mln
<h3>Q1 -$3.17</h3>
Operatin mln
g Income
<h3>Q1 -$3.007</h3>
Pretax mln
Profit For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Hurco Q1 revenue falls on weaker Milltronics shipments