Hurco Companies, Inc. reported a decline in financial performance for the fiscal year ending October 31, 2025, with total sales and service fees of $178.6 million, a decrease of 4% from $186.6 million in the previous year. The company experienced a net loss of $15.1 million, or $2.34 per diluted share, compared to a net loss of $16.6 million, or $2.56 per diluted share, in fiscal 2024. The decrease in revenue was attributed to lower sales volumes of higher-performance 5-axis machines and a shift in product mix, particularly in the Americas and Europe.
In terms of geographic performance, sales in the Americas fell by 5%, while European sales decreased by 4%. The Asia Pacific region saw a slight decline of 1%. The company noted that the overall volume of machine shipments in the Americas increased, despite the drop in sales dollars, indicating a shift in customer demand towards different machine models. The gross profit margin also contracted to 18% from 20% in the prior year, primarily due to increased costs of goods sold and tariffs on imported goods.
Strategically, Hurco has focused on product development and innovation, with plans to launch new models such as the next-generation VC 500 5-axis machine in early 2026. The company has also introduced enhancements to its existing product lines, including the Milltronics INSPIRE+ control console, which aims to improve cutting precision and surface finish. Additionally, Hurco's subsidiary, ProCobots, continues to provide automation solutions, further diversifying the company's offerings.
Operationally, Hurco's employee headcount stood at approximately 651 as of October 31, 2025, with a significant portion of its workforce engaged in engineering and technical roles. The company has maintained a global presence, with approximately 62% of its revenues derived from international markets. Despite the challenges faced in fiscal 2025, Hurco's management remains optimistic about future growth, emphasizing the importance of innovation and strategic investments in technology to enhance competitiveness in the machine tool industry. The company has also suspended its quarterly cash dividend to strengthen its financial position and focus on reinvestment opportunities.
About HURCO COMPANIES INC
Hurco Companies, Inc. designs, manufactures, and sells CNC machine tools, including vertical and turning centers, for the metal cutting industry. Its products feature proprietary control systems and software that enhance productivity, accuracy, and ease of operation. Serving global markets across aerospace, automotive, medical, and energy sectors, Hurco emphasizes innovation, automation, and customer support to maintain competitive advantage in a cyclical industry.
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