Hurco Companies, Inc. Reports Fourth Quarter and Full Year Results for Fiscal Year 2025

Hurco Companies, Inc., an international industrial technology company, has released its financial results for the fourth fiscal quarter and full fiscal year ending October 31, 2025. The company, which specializes in computer numeric control (CNC) machine tools, reported a net loss for both the quarter and the full year, reflecting ongoing challenges in the market. Financial Highlights For the fourth quarter of fiscal year 2025, Hurco recorded a net loss of $3.04 million, or $0.47 per diluted share, compared to a net loss of $1.44 million, or $0.23 per diluted share, in the same period of fiscal year 2024. For the full fiscal year 2025, the net loss was $15.12 million, or $2.34 per diluted share, compared to a net loss of $16.61 million, or $2.56 per diluted share, in fiscal year 2024.Sales and service fees for the fourth quarter were $45.47 million, a decrease of 15% compared to the same period in the previous year. For the full year, sales and service fees were $178.55 million, down 4% from fiscal year 2024. The company noted a favorable currency impact of less than 2% for the quarter and 1% for the full year when translating foreign sales to U.S. dollars. Business and Operational Highlights Sales in the Americas decreased by 22% for the fourth quarter and 5% for the full year, primarily due to a change in the mix of machine model shipments. European sales decreased by 8% for the quarter and 4% for the full year, with a favorable currency impact of 4% and 2%, respectively. In the Asia Pacific region, sales decreased by 25% for the quarter and 1% for the full year, with an unfavorable currency impact of less than 1%.Orders for the fourth quarter were $46.51 million, a decrease of 9% compared to the same period in fiscal year 2024. For the full year, orders were $171.29 million, down 14% from the previous year. The company highlighted increased customer demand for Hurco and Takumi machines in the Americas, despite an overall decrease in orders. Strategic Initiatives and Corporate Developments Hurco's CEO, Greg Volovic, emphasized the company's commitment to continuous improvement and strategic leadership transitions in the U.S. and Germany. The company increased its cash reserves by approximately $15 million year-over-year and reduced selling, general, and administrative expenses by nearly $3 million. Despite these cost reductions, the company continued to invest in innovative technologies. Management's Perspective CEO Greg Volovic commented on the challenging fiscal year, citing headwinds from tariffs and macro-economic conditions. He noted that the U.S. and Germany ended the fiscal year with their strongest quarter of orders and sales, reflecting a positive trend in the second half of the year. Volovic expressed confidence in Hurco's ability to navigate future cycles with a strong balance sheet, a robust management team, and a product portfolio that supports long-term growth. Future Outlook Looking ahead to fiscal year 2026, Hurco believes it is well-positioned to manage economic cycles and continue its growth trajectory. The company plans to leverage its strong balance sheet and experienced management team to drive future success.Original SEC Filing: HURCO COMPANIES INC [ HURC ] - 8-K - Jan. 09, 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.