Hurco Companies Q1: Revenue $42.9M, EPS $(0.54)

Hurco Companies reported first-quarter sales of $42.9 million and a net loss per share of $(0.54), with revenue down 8% year-over-year largely due to lower machine shipments. Gross margin improved to 19% driven by a favorable product mix and fixed cost leverage, but operating loss widened to $(3.2) million. Management cited tax-related changes that narrowed the net loss to $(3.5) million for the quarter. Financial Highlights Sales and service fees: $42.9 million, down 8% year-over-year (favorable currency impact of $1.8 million).Gross profit: $7.9 million; gross margin 19% of sales (improved as a percentage due to favorable mix and fixed cost leverage).Operating (loss) income: $(3.2) million, a wider loss versus the prior year primarily from lower shipment volumes.Net (loss) income: $(3.5) million, improved versus the prior period due to tax-driven changes.(Loss) income per common share: $(0.54) basic and diluted. Business Highlights Revenue trend: Sales declined 8% year-over-year to $42.9 million in Q1 FY2026, driven by lower machine shipments across multiple regions.Orders and regional mix: Orders increased 5% year-over-year with strong demand in the Americas (up 18%), contrasted by weakness in Europe and Asia Pacific.Brand and product mix: A higher mix of Hurco and Takumi premium machines improved gross margins despite reduced shipment volumes.Operational actions: Management implemented cost reductions, tightened inventory management, suspended the regular dividend, and continued investments in R&D and capital expenditures.Original SEC Filing: HURCO COMPANIES INC [ HURC ] - 10-Q - Mar. 06, 2026DisclaimerThis is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.