Latest news with #HurcoCompanies
Yahoo
17 hours ago
- Business
- Yahoo
Shareholders in Hurco Companies (NASDAQ:HURC) are in the red if they invested five years ago
Ideally, your overall portfolio should beat the market average. But every investor is virtually certain to have both over-performing and under-performing stocks. At this point some shareholders may be questioning their investment in Hurco Companies, Inc. (NASDAQ:HURC), since the last five years saw the share price fall 46%. But it's up 6.7% in the last week. Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they've been consistent with returns. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Hurco Companies wasn't profitable in the last twelve months, it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. Shareholders of unprofitable companies usually desire strong revenue growth. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size. Over five years, Hurco Companies grew its revenue at 0.08% per year. That's not a very high growth rate considering it doesn't make profits. Given this fairly low revenue growth (and lack of profits), it's not particularly surprising to see the stock down 8% (annualized) in the same time frame. The key question is whether the company can make it to profitability, and beyond, without trouble. It could be worth putting it on your watchlist and revisiting when it makes its maiden profit. You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values). We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.. We've already covered Hurco Companies' share price action, but we should also mention its total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Dividends have been really beneficial for Hurco Companies shareholders, and that cash payout explains why its total shareholder loss of 41%, over the last 5 years, isn't as bad as the share price return. While the broader market gained around 12% in the last year, Hurco Companies shareholders lost 9.6%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. However, the loss over the last year isn't as bad as the 7% per annum loss investors have suffered over the last half decade. We'd need to see some sustained improvements in the key metrics before we could muster much enthusiasm. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. To that end, you should learn about the 2 warning signs we've spotted with Hurco Companies (including 1 which shouldn't be ignored) . If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
17 hours ago
- Business
- Yahoo
Shareholders in Hurco Companies (NASDAQ:HURC) are in the red if they invested five years ago
Ideally, your overall portfolio should beat the market average. But every investor is virtually certain to have both over-performing and under-performing stocks. At this point some shareholders may be questioning their investment in Hurco Companies, Inc. (NASDAQ:HURC), since the last five years saw the share price fall 46%. But it's up 6.7% in the last week. Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they've been consistent with returns. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Hurco Companies wasn't profitable in the last twelve months, it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. Shareholders of unprofitable companies usually desire strong revenue growth. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size. Over five years, Hurco Companies grew its revenue at 0.08% per year. That's not a very high growth rate considering it doesn't make profits. Given this fairly low revenue growth (and lack of profits), it's not particularly surprising to see the stock down 8% (annualized) in the same time frame. The key question is whether the company can make it to profitability, and beyond, without trouble. It could be worth putting it on your watchlist and revisiting when it makes its maiden profit. You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values). We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.. We've already covered Hurco Companies' share price action, but we should also mention its total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Dividends have been really beneficial for Hurco Companies shareholders, and that cash payout explains why its total shareholder loss of 41%, over the last 5 years, isn't as bad as the share price return. While the broader market gained around 12% in the last year, Hurco Companies shareholders lost 9.6%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. However, the loss over the last year isn't as bad as the 7% per annum loss investors have suffered over the last half decade. We'd need to see some sustained improvements in the key metrics before we could muster much enthusiasm. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. To that end, you should learn about the 2 warning signs we've spotted with Hurco Companies (including 1 which shouldn't be ignored) . If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Hurco Stock Declines Following Lower Q2 Earnings and Revenues
Shares of Hurco Companies, Inc. HURC have lost 5.6% since the company released its second-quarter fiscal 2025 earnings for the period ended April 30, 2025. This performance contrasts sharply with the S&P 500 Index, which gained 1.7% over the same time frame. Over the past month, Hurco stock declined 13.6%, while the S&P 500 rose 3.6%. For the second quarter of fiscal 2025, Hurco posted a net loss of $4.1 million, or $0.62 per diluted share compared with a net loss of $3.9 million, or $0.61 per share, in the same quarter last year—a marginal year-over-year increase in losses. A $1.3 million non-cash tax valuation allowance contributed significantly to the quarter's net loss. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Revenues also declined, with sales and service fees totaling $40.9 million, a drop of 9.5% from the prior-year period's $45.2 million. The company attributed part of this decrease to lower shipments of Hurco and Takumi machines across key the first half of fiscal 2025 reflected a 3.3% decrease in total sales, amounting to $87.3 million from $90.2 million in the comparable period in 2023. Gross profit stood at $7.8 million, or 19.2% of sales, compared with $8 million or 17.8% in the same quarter last year, showing a modest improvement in margin despite the sales decline. This margin expansion was attributed to a favorable sales mix and lower fixed costs. Operating loss narrowed to $3.1 million from $3.4 million, while selling, general and administrative (SG&A) expenses decreased 4.9% to $10.9 million from $11.5 million, reflecting lower discretionary spending and reduced commissions. Despite these efforts, SG&A as a percentage of sales increased to 26.7% from 25.4% due to lower revenues. Segmentally, the Americas reported a 9.4% decline in quarterly sales to $15.4 million from $16.9 million, Europe saw a 4.9% decrease to $21.6 million from $22.7 million and the Asia Pacific region experienced a 29.2% fall to $3.9 million from $5.5 million. Total new orders booked during the second quarter were $43.7 million, down 1.1% from the prior-year quarter's $44.2 million. Regionally, order trends varied significantly. Orders in the Americas declined 0.7%, hampered by weak demand for OEM machines. European orders fell 11.7%, attributed largely to reduced demand for Hurco and Takumi machines in Germany and the U.K. Meanwhile, the Asia Pacific region saw a striking 74.4% surge in orders, primarily due to rising demand across the region, notably in China and Southeast Asia. For the six-month period, total orders declined 11.3% to $83.8 million from $94.4 million, with notable softness in the Americas (down 16.6%) and Europe (down 14.7%). However, Asia Pacific continued to outperform, registering a 28.5% increase. Hurco Companies, Inc. price-consensus-eps-surprise-chart | Hurco Companies, Inc. Quote Hurco's effective tax rate was (15%) compared with (1%) in the year-ago period, influenced by valuation allowances recorded against U.S., Italian and Chinese deferred tax assets. No tax benefit was recognized for the losses due to the full valuation allowance taken during the quarter. Hurco's balance sheet remains relatively stable, with cash and equivalents rising to $43.8 million as of April 30, 2025, compared with $33.3 million as of Oct. 31, 2024. Working capital decreased to $175.9 million as of April 30, 2025, from $180.8 million as of Oct. 31, 2024, mainly due to lower inventories and receivables. The company maintained zero debt, underscoring its conservative capital structure. On the efficiency front, HURC's inventory turnover remained static at 1x, and days sales outstanding increased slightly from 49 to 51 days. Capital expenditures for the quarter rose to $800,000 from $479,000 a year earlier, indicating modest reinvestment in operational capabilities. CEO Greg Volovic addressed the challenges faced across global markets, citing significant uncertainty in both international and domestic demand forecasts. Volovic emphasized Hurco's commitment to its long-term strategy, including efforts to bolster cash flow and reduce costs. Importantly, he reaffirmed the company's dedication to product development and innovation, underlining that strategic investment will continue irrespective of short-term headwinds. Hurco's performance in the fiscal second quarter was adversely affected by reduced machine shipments across multiple regions. In the Americas, lower sales of Hurco VMX and Takumi bridge mill and horizontal machines weighed on revenue. European sales were dragged down by weak performance in Germany, France and Italy, partially offset by better performance in the U.K. The steep decline in Asia Pacific sales was due to decreased demand in India, partially offset by increased shipments in China and Southeast Asia. Gross margin improvement was aided by a more favorable regional sales mix — Europe contributed a greater share — and lower overhead costs due to efficiencies implemented in late 2024. However, lower overall volumes, particularly of high-margin vertical milling machines, pressured profitability. There were no acquisitions, divestitures, or major restructuring announcements reported during the quarter. Hurco did not declare any dividends for the fiscal second quarter, compared to a $0.16 per share payout in the year-ago period, further signaling a focus on conserving cash. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hurco Companies, Inc. (HURC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-06-2025
- Business
- Yahoo
Hurco Reports Second Quarter Results for Fiscal Year 2025
INDIANAPOLIS, June 06, 2025 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the second fiscal quarter ended April 30, 2025. Hurco recorded a net loss of $4,063,000, or $0.62 per diluted share, for the second quarter of fiscal year 2025, which included a non-cash tax valuation allowance of $1,270,000 recorded in provision for income taxes. This net loss of $4,063,000 for the second quarter of fiscal 2025 compared to a net loss of $3,922,000, or $0.61 per diluted share, for the corresponding period in fiscal year 2024. For the first six months of fiscal year 2025, Hurco reported a net loss of $8,383,000, or $1.29 per diluted share, compared to a net loss of $5,570,000, or $0.86 per diluted share, for the corresponding period in fiscal year 2024. The net loss for the first six months of fiscal 2025 included $3,655,000 non-cash tax valuation allowance recorded in provision for income taxes. Sales and service fees for the second quarter of fiscal year 2025 were $40,867,000, a decrease of $4,305,000, or 10%, compared to the corresponding prior year period, and included a favorable currency impact of $211,000, or less than 1%, when translating foreign sales to U.S. dollars for financial reporting purposes. Sales and service fees for the first six months of fiscal year 2025 were $87,281,000, a decrease of $2,950,000, or 3%, compared to the corresponding prior year period, and included an unfavorable currency impact of $223,000, or less than 1%, when translating foreign sales to U.S. dollars for financial reporting purposes. Greg Volovic, Chief Executive Officer, stated, 'We are all navigating a period of significant uncertainty across global markets. The challenges we face in forecasting international and domestic sales are shared by many in the manufacturing and industrial sectors. We remain committed to executing our long-term strategy and reinforcing our financial foundation. We've taken deliberate steps to strengthen cash flow and reduce costs, enabling us to support our balance sheet and focus on a return to profitability. Regardless of the market situation, Hurco is fully committed to investing in our product development initiatives to ensure that we continue to offer world-class products and capabilities that align with evolving market demands and position us to respond quickly as momentum returns." The following table sets forth net sales and service fees by geographic region for the second fiscal quarter and six months ended April 30, 2025, and 2024 (dollars in thousands): Three Months Ended Fiscal Year Ended April 30, April 30, 2025 2024 $ Change % Change 2025 2024 $ Change % Change Americas $15,361 $16,947 ($1,586 ) (9 )% $33,469 $33,597 ($128 ) 0 % Europe 21,608 22,720 (1,112 ) (5 )% 43,222 45,470 (2,248 ) (5 )% Asia Pacific 3,898 5,505 (1,607 ) (29 )% 10,590 11,164 (574 ) (5 )% Total $40,867 $45,172 ($4,305 ) (10 )% $87,281 $90,231 ($2,950 ) (3 )% Sales in the Americas for the second quarter and first six months of fiscal year 2025 decreased by 9% and less than 1%, respectively, compared to the corresponding periods in fiscal year 2024, primarily due to decreased shipments of Hurco and Takumi machines and reduced sales of other original equipment manufacturer ('OEM') machines by our wholly-owned domestic distributors. The decrease in machine sales was mostly attributable to decreased shipments of Hurco VMX and Takumi bridge mill and horizontal machines. European sales for the second quarter of fiscal year 2025 decreased by 5%, compared to the corresponding period in fiscal year 2024, and included a favorable currency impact of 1%, when translating foreign sales to U.S. dollars for financial reporting purposes. European sales for the first six months of fiscal year 2025 decreased by 5%, compared to the corresponding period in fiscal year 2024, and included an unfavorable currency impact of less than 1%, when translating foreign sales to U.S. dollars for financial reporting purposes. The year-over-year decreases in European sales in both periods were primarily attributable to a decreased volume of shipments of Hurco and Takumi machines in Germany, France, and Italy, as well as a decreased volume of shipments of electro-mechanical components and accessories manufactured by our wholly-owned subsidiary, LCM Precision Technology S.r.l. ('LCM'), partially offset by increased shipments of higher performance Hurco machines in the United Kingdom. Asian Pacific sales for the second quarter of fiscal year 2025 decreased by 29%, compared to the corresponding prior year period, and included an unfavorable currency impact of 1%, when translating foreign sales to U.S. dollars for financial reporting purposes. Asian Pacific sales for the first six months of fiscal year 2025 decreased by 5%, compared to the corresponding prior year period, and included an unfavorable currency impact of 2%, when translating foreign sales to U.S. dollars for financial reporting purposes. The year-over-year decreases in Asian Pacific sales in both periods were primarily due to decreased sales of higher-performance and 5-axis Hurco and Takumi machines in India, partially offset by increased shipment volume of Hurco VM and Takumi bridge mill and horizontal machines in China and Southeast Asia. Orders for the second quarter of fiscal year 2025 were $43,700,000, a decrease of $492,000, or 1%, compared to the corresponding period in fiscal year 2024, and included an immaterial favorable currency impact of $72,000, or less than 1%, when translating foreign orders to U.S. dollars. Orders for the first six months of fiscal year 2025 were $83,785,000, a decrease of $10,625,000, or 11%, compared to the corresponding period in fiscal year 2024, and included an unfavorable currency impact of $302,000, or less than 1%, when translating foreign orders to U.S. dollars. The following table sets forth new orders booked by geographic region for the second fiscal quarter and six months ended April 30, 2025, and 2024 (dollars in thousands): Three Months Ended Fiscal Year Ended April 30, April 30, 2025 2024 $ Change % Change 2025 2024 $ Change % Change Americas $16,945 $17,069 ($124 ) (1 )% $31,588 $37,865 ($6,277 ) (17 )% Europe 21,086 23,873 (2,787 ) (12 )% 40,456 47,408 (6,952 ) (15 )% Asia Pacific 5,669 3,250 2,419 74 % 11,741 9,137 2,604 28 % Total $43,700 $44,192 ($492 ) (1 )% $83,785 $94,410 ($10,625 ) (11 )% Orders in the Americas for the second quarter of fiscal year 2025 decreased by 1%, compared to the corresponding period in fiscal year 2024, primarily due to reduced demand for OEM machines sold by our wholly-owned domestic distributors, partially offset by increased customer demand for Milltronics machines. Orders in the Americas for the first six months of fiscal year 2025 decreased by 17%, compared to the corresponding period in fiscal year 2024. The year-over-year decrease in orders was primarily due to decreased customer demand for Hurco and Takumi machines and reduced demand for OEM machines sold by our wholly-owned domestic distributors, partially offset by increased customer demand for Milltronics machines. European orders for the second quarter of fiscal year 2025 decreased by 12%, compared to the corresponding prior year period, and included a favorable currency impact of less than 1%, when translating foreign orders to U.S. dollars. The decrease in orders was driven primarily by decreased customer demand for Hurco and Takumi machines in Germany and the United Kingdom, partially offset by increased customer demand for Hurco machines in Italy and electro-mechanical components and accessories manufactured by LCM. European orders for the first six months of fiscal year 2025 decreased by 15%, compared to the corresponding prior year period, and included an unfavorable currency impact of less than 1%, when translating foreign orders to U.S. dollars. The year-over-year decrease was primarily due to decreased customer demand for Hurco machines in Germany, the United Kingdom, and France, and decreased customer demand for electro-mechanical components and accessories manufactured by LCM, partially offset by increased customer demand for Hurco machines in Italy. Asian Pacific orders for the second quarter of fiscal year 2025 increased by 74%, compared to the corresponding prior year period, and included an unfavorable currency impact of 3%, when translating foreign orders to U.S. dollars. Asian Pacific orders for the first six months of fiscal year 2025 increased by 28%, compared to the corresponding prior year period, and included an unfavorable currency impact of 2%, when translating foreign orders to U.S. dollars. The year-over-year increases in Asian Pacific orders were driven primarily by increased customer demand for Hurco and Takumi machines across the Asian Pacific region where our customers are located. Gross profit for the second quarter of fiscal year 2025 was $7,829,000, or 19% of sales, compared to $8,019,000, or 18% of sales, for the corresponding prior year period. The quarter-over-quarter increase in gross profit as a percentage of sales was primarily due to a relative increase of European sales contributions to total sales of 3% and lower fixed costs allocated to overhead related to cost savings implemented in the second half of 2024. Gross profit for the first six months of fiscal year 2025 was $16,119,000, or 18% of sales, compared to $17,714,000, or 20% of sales, for the corresponding prior year period. The year-over-year decrease in gross profit as a percentage of sales was primarily due to the lower volume of sales of vertical milling machines in the Americas and Europe where we typically sell more of our higher-performance VMX series machines and lathes. Selling, general, and administrative expenses for the second quarter of fiscal year 2025 were $10,897,000, or 27% of sales, compared to $11,461,000, or 25% of sales, in the corresponding fiscal year 2024 period, and included an immaterial unfavorable currency impact of $29,000, when translating foreign expenses to U.S. dollars for financial reporting purposes. Selling, general, and administrative expenses for the first six months of fiscal year 2025 were $21,279,000, or 24% of sales, compared to $22,976,000, or 25% of sales, in the corresponding fiscal year 2024 period, and included an immaterial favorable currency impact of $55,000, when translating foreign expenses to U.S. dollars for financial reporting purposes. The year-over-year reductions in selling, general and administrative expenses for the second quarter and first six months of fiscal year 2025 compared to the corresponding prior year periods reflected lower levels of discretionary spending, reduced sales commissions, and reduced employee health insurance costs. Income tax expense for the second quarter of fiscal year 2025 was $518,000, compared to an income tax expense of $40,000 for the corresponding prior year period, and included a valuation allowance of $1,270,000 recorded against our Italian, U.S. and Chinese deferred tax assets. Income tax expense for the first six months of fiscal year 2025 was $2,559,000, compared to an income tax benefit of $561,000 for the corresponding prior year period, and included a valuation allowance of $3,655,000 recorded against our Italian, U.S. and Chinese deferred tax assets. The year-over-year changes in income tax were primarily due to changes in geographic mix of income and loss that include jurisdictions with differing tax rates, and discrete items related to unvested stock compensation. Because we have a valuation allowance recorded against our Italian, U.S. and Chinese deferred tax assets, we did not record a tax benefit for the second quarter and first six months of fiscal year 2025 of $1,270,000 and $2,433,000 respectively. The valuation allowances recorded during the second quarter and first six months of fiscal 2025 reflected a full valuation allowance of the U.S. and Italian deferred tax assets and were recorded after evaluating changes to tax laws, statutory tax rates, and our cumulative three-year income (loss) levels for the U.S. and Italy for the first six months of fiscal year 2025. Cash and cash equivalents totaled $43,807,000 at April 30, 2025, compared to $33,330,000 at October 31, 2024. Working capital was $175,914,000 at April 30, 2025, compared to $180,788,000 at October 31, 2024. The decrease in working capital was primarily driven by decreases in inventories and accounts receivable, net, partially offset by an increase in cash and cash equivalents. Hurco Companies, Inc. is an international, industrial technology company that sells its three brands of computer numeric control ('CNC') machine tools to the worldwide metal cutting and metal forming industry. Two of the Company's brands of machine tools, Hurco and Milltronics, are equipped with interactive controls that include software that is proprietary to each respective brand. The Company designs these controls and develops the software. The third brand of CNC machine tools, Takumi, is equipped with industrial controls that are produced by third parties, which allows the customer to decide the type of control added to the Takumi CNC machine tool. The Company also produces high-value machine tool components and accessories and provides automation solutions that can be integrated with any machine tool. The end markets for the Company's products are independent job shops, short-run manufacturing operations within large corporations, and manufacturers with production-oriented operations. The Company's customers manufacture precision parts, tools, dies, and/or molds for industries such as aerospace, defense, medical equipment, energy, transportation, and computer equipment. The Company is based in Indianapolis, Indiana, with manufacturing operations in Taiwan, Italy, the U.S., and China, and sells its products through direct and indirect sales forces throughout the Americas, Europe, and Asia. The Company has sales, application engineering support and service subsidiaries in China, the Czech Republic, England, France, Germany, India, Italy, the Netherlands, Poland, Singapore, the U.S., and Taiwan. Web Site: Certain statements in this news release are forward-looking statements that involve known and unknown risks, uncertainties, and other factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. These factors include, among others, the cyclical nature of the machine tool industry; uncertain economic conditions, which may adversely affect overall demand, in the Americas, Europe and Asia Pacific markets; the risks of our international operations; governmental actions, initiatives and regulations, including import and export restrictions, duties and tariffs and changes to tax laws; the effects of changes in currency exchange rates; competition with larger companies that have greater financial resources; our dependence on new product development; the need and/or ability to protect our intellectual property assets; the limited number of our manufacturing and supply chain sources; increases in the prices of raw materials, especially steel and iron products; the effect of the loss of members of senior management and key personnel; our ability to integrate acquisitions; acquisitions that could disrupt our operations and affect operating results; failure to comply with data privacy and security regulations; breaches of our network and system security measures; possible obsolescence of our technology and the need to make technological advances; impairment of our assets; negative or unforeseen tax consequences; uncertainty concerning our ability to use tax loss carryforwards; changes in the SOFR rate; the impact of the COVID-19 pandemic and other public health epidemics and pandemics on the global economy, our business and operations, our employees and the business, operations, and economies of our customers and suppliers; and other risks and uncertainties discussed more fully under the caption 'Risk Factors' in our filings with the Securities and Exchange Commission. We expressly disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contact: Sonja K. McClelland Executive Vice President, Treasurer, & Chief Financial Officer 317-293-5309 Hurco Companies, Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) Three Months Ended Six Months Ended April 30, April 30, 2025 2024 2025 2024 (unaudited) (unaudited) Sales and service fees $ 40,867 $ 45,172 $ 87,281 $ 90,231 Cost of sales and service 33,038 37,153 71,162 72,517 Gross profit 7,829 8,019 16,119 17,714 Selling, general and administrative expenses 10,897 11,461 21,279 22,976 Operating (loss) income (3,068 ) (3,442 ) (5,160 ) (5,262 ) Interest expense 4 136 62 267 Interest income 87 164 181 320 Investment income 12 8 173 67 Other (expense) income, net (572 ) (476 ) (956 ) (989 ) (Loss) income before taxes (3,545 ) (3,882 ) (5,824 ) (6,131 ) Provision (benefit) for income taxes 518 40 2,559 (561 ) Net (loss) income $ (4,063 ) $ (3,922 ) $ (8,383 ) $ (5,570 ) (Loss) income per common share Basic $ (0.62 ) $ (0.61 ) $ (1.29 ) $ (0.86 ) Diluted $ (0.62 ) $ (0.61 ) $ (1.29 ) $ (0.86 ) Weighted average common shares outstanding Basic 6,500 6,518 6,479 6,500 Diluted 6,500 6,518 6,479 6,500 Dividends per share $ - $ 0.16 $ - $ 0.32 OTHER CONSOLIDATED FINANCIAL DATA Three Months Ended Six Months Ended April 30, April 30, Operating Data: 2025 2024 2025 2024 (unaudited) (unaudited) Gross margin 19 % 18 % 18 % 20 % SG&A expense as a percentage of sales 27 % 25 % 24 % 25 % Operating (loss) income as a percentage of sales (8 )% (8 )% (6 )% (6 )% Pre-tax (loss) income as a percentage of sales (9 )% (9 )% (7 )% (7 )% Effective tax rate (15 )% (1 )% (44 )% 9 % Depreciation and amortization $ 648 $ 882 $ 1,358 $ 1,790 Capital expenditures $ 800 $ 479 $ 1,356 $ 1,311 Balance Sheet Data: 4/30/2025 10/31/2024 Working capital $ 175,914 $ 180,788 Days sales outstanding 51 49 Inventory turns 1 1 Capitalization Total debt -- -- Shareholders' equity 202,280 207,172 Total $ 202,280 $ 207,172 Hurco Companies, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share data) April 30, October 31, 2025 2024 ASSETS (unaudited) Current assets: Cash and cash equivalents $ 43,807 $ 33,330 Accounts receivable, net 25,583 36,678 Inventories 146,441 153,037 Derivative assets 1,112 323 Prepaid and other assets 5,966 5,209 Total current assets 222,909 228,577 Property and equipment: Land 1,046 1,046 Building 7,381 7,381 Machinery and equipment 26,407 28,106 Leasehold improvements 4,421 4,667 39,255 41,200 Less accumulated depreciation and amortization (31,021 ) (32,404 ) Total property and equipment, net 8,234 8,796 Non-current assets: Software development costs, less accumulated amortization 7,448 7,044 Intangible assets, net 702 763 Operating lease - right of use assets, net 11,280 11,313 Deferred income taxes 640 1,349 Investments 8,548 8,216 Other assets 2,713 2,585 Total non-current assets 31,331 31,270 Total assets $ 262,474 $ 268,643 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 23,632 $ 24,951 Customer deposits 3,633 4,308 Derivative liabilities 1,810 705 Operating lease liabilities 3,900 3,829 Accrued payroll and employee benefits 6,965 7,786 Accrued income taxes 1,844 866 Accrued expenses 4,275 4,258 Accrued warranty expenses 936 1,086 Total current liabilities 46,995 47,789 Non-current liabilities: Deferred income taxes 49 53 Accrued tax liability 28 537 Operating lease liabilities 7,761 7,852 Deferred credits and other 5,361 5,240 Total non-current liabilities 13,199 13,682 Commitment and contingencies - - Shareholders' equity: Preferred stock: no par value per share, 1,000,000 shares authorized; no shares issued - - Common stock: no par value, $.10 stated value per share, 12,500,000 shares authorized; 6,674,154 and 6,548,838 shares issued and 6,506,868 and 6,435,624 shares outstanding, as of April 30, 2025 and October 31, 2024, respectively 651 644 Additional paid-in capital 62,192 61,500 Retained earnings 153,039 161,422 Accumulated other comprehensive loss (13,602 ) (16,394 ) Total shareholders' equity 202,280 207,172 Total liabilities and shareholders' equity $ 262,474 $ 268,643 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-03-2025
- Business
- Yahoo
Hurco Companies First Quarter 2025 Earnings: US$0.67 loss per share (vs US$0.25 loss in 1Q 2024)
Revenue: US$46.4m (up 3.0% from 1Q 2024). Net loss: US$4.32m (loss widened by 162% from 1Q 2024). US$0.67 loss per share (further deteriorated from US$0.25 loss in 1Q 2024). All figures shown in the chart above are for the trailing 12 month (TTM) period Hurco Companies shares are down 3.4% from a week ago. You should learn about the 1 warning sign we've spotted with Hurco Companies. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
