Hurco Companies, Inc. is a global industrial technology firm specializing in the design, manufacture, and distribution of computerized machine tools for the metal cutting sector. Their core product line encompasses versatile computer-numeric-controlled (CNC) machinery, including vertical and horizontal machining centers, turning centers, and precision toolroom machines. Beyond hardware, the company develops computer control systems and associated software tailored for press brake operations. Hurco also supplies essential machine tool components, automation integration solutions for diverse job shops, and a comprehensive suite of software enhancements, control system upgrades, and spare parts for their equipment. To support their clientele, they deliver extensive customer service, technical training, and applications support. Their diverse customer base includes independent job shops, large manufacturing operations requiring specialized short-run production, and manufacturers of precision tools, dies, and molds across key sectors such as aerospace, defense, medical, energy, automotive, electronics, and computing. Hurco's products are marketed worldwide under the Hurco, Milltronics, and Takumi brands, distributed through a network of independent agents, distributors, and their own direct sales and service channels. Established in 1968, the company is headquartered in Indianapolis, Indiana.
Hurco Reports Profit in Third Quarter Results for Fiscal Year 2026
Hurco returned to profitability in its fiscal third quarter, posting net income of $2.31 million, or $0.35 per diluted share, versus a $3.69 million loss ($0.58 per share) a year earlier.
Q3 sales rose 3% year-over-year to $47.3 million while orders jumped 25% to $51.4 million and outpaced shipments; nine-month orders were up 24% at $155.0 million with growth across all regions.
Gross margin expanded 800 basis points to 28%, driven by cost control begun over two years ago, better overhead absorption, higher U.S. and Asia Pacific volumes, and a richer mix of 5-axis machines; the CEO noted tariff refunds helped but called fundamentals the larger contributor.
The balance sheet is clean with $52 million in cash, $167 million of working capital, and no debt, though Europe remained the soft spot with Q3 sales down 12%, and the company plans to introduce its next-generation control technology at IMTS later this month.