Hurco returned to profit in fiscal Q3 as orders rose 25%
The Nasdaq-listed industrial-technology company swung from loss to profit in the quarter ended July 31. Gross margin expanded by eight points while new orders grew faster than shipments.
In this article
Quick answer: what changed in Hurco's quarter?
Hurco Companies reported $2.314 million of net income, or $0.35 per diluted share, for fiscal Q3 2026. A year earlier it posted a $3.693 million net loss, or $0.58 per share. Sales and service fees increased 3% to $47.289 million.
How did margin expansion support the turnaround?
Gross margin rose to 28% from 20%. The company cited cost control, better absorption of fixed overhead, higher machine volumes in the US and Asia Pacific, and a richer mix of higher-performance products. Operating results moved from a $1.65 million loss to $2.294 million of income.
Orders grew faster than sales
Fiscal Q3 orders climbed 25% to $51.368 million, above the quarter's $47.289 million of sales. Nine-month orders rose 24%. Orders outpacing shipments can support future revenue visibility, but it does not guarantee results in a cyclical machine-tool market.
Why was the regional picture uneven?
Third-quarter sales increased 11% in the Americas and 51% in Asia Pacific, while Europe declined 12%. Orders rose 37% in the Americas, 6% in Europe and 68% in Asia Pacific. The split shows that the company's aggregate improvement was not evenly distributed geographically.
Balance-sheet strength and what to watch
Hurco ended the period with $52.087 million in cash, $166.717 million of working capital and no total debt. The next checkpoints are order conversion, European sales, product mix and whether the 28% gross margin can be sustained. This content is not investment advice.
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