Hurco Companies, Inc. (HURC) reported a net loss of $3.5 million, or $0.54 per diluted share, for the first quarter of fiscal 2026, a slight improvement compared to the $4.3 million loss, or $0.67 per share, reported the prior year. Revenue for the quarter fell 7.6% year-over-year to $42.9 million, down from $46.4 million. The company’s stock has declined 9.1% since the earnings report, compared to a 0.6% drop in the S&P 500 over the same period.
Sales by region indicated a notable decline: Americas sales fell 8% to $16.6 million, European sales dropped 5% to $20.5 million, and Asia Pacific sales decreased 15% to $5.7 million. Despite the sales drop, new orders increased by 5% to $41.9 million, driven primarily by an 18% rise in orders from the Americas. Capital expenditures during the quarter were around $0.6 million, mainly for software development and facility improvements.
At the end of the quarter, Hurco held $48 million in cash and cash equivalents, slightly down from $48.7 million at the previous fiscal year-end. Additionally, Hurco entered a new credit agreement with Bank of America, providing up to $20 million in revolving credit. Management has indicated that broader demand conditions remain uncertain, prompting them to suspend dividends and focus on cost management and financial flexibility.
