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.
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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