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# HURCO Returns to Profit as Orders Jump 25% in Fiscal Q3
- URL: https://redfiled.com/hurco-returns-to-profit-as-orders-jump-25-in-fiscal-q3/
- Published: 2026-09-04T15:05:38.000Z
- Updated: 2026-09-04T15:34:32.000Z
- Description: The CNC machine tool maker earned $0.35 a share against a year-ago loss, with gross margin up 800 basis points to 28% and orders up 24% year to date.
- Author: William Hayes
- Tags: HURC, Earnings

**Hurco Companies (HURC)** swung back to profit in its fiscal third quarter ended **July 31, 2026**, reporting net income of **$2.31 million, or $0.35 per diluted share**, against a net loss of **$3.69 million, or $(0.58) per share**, a year earlier. Sales and service fees rose **3% to $47.3 million**, while new orders climbed **25% to $51.4 million**, outpacing shipments.

The margin story drove the turnaround. Gross profit was **$13.2 million, or 28% of sales**, up from **$9.1 million, or 20%**, an expansion of **800 basis points**. Management attributed most of the gain to higher machine volumes, a richer mix of 5-axis and higher-performance machines, and price increases taken in the first quarter of fiscal 2026, with a smaller contribution from **tariff refund claims** filed with U.S. Customs and Border Protection.

CEO Greg Volovic said the company's *disciplined execution of strategic pricing and tighter cost control through the down cycle* had finally shown up in the results. He added that Hurco is *not declaring the cycle over*, but believes *the direction of our business has turned*.

Regionally, third-quarter sales in the **Americas rose 11% to $18.8 million** and **Asia Pacific jumped 51% to $7.2 million**, while **Europe fell 12% to $21.3 million** on lower shipments of Hurco machines and of components made by Italian subsidiary LCM. Order intake was positive everywhere: **Americas up 37%**, **Asia Pacific up 68%** and **Europe up 6%**.

For the first nine months, Hurco still posted a net loss of **$3.53 million, or $(0.55) per share**, narrowed from a loss of **$12.08 million, or $(1.87)**. Nine-month sales were **$137.8 million, up 4%**, and orders totalled **$155.0 million, up 24%**.

Operating costs were broadly flat, with SG&A at **$10.9 million, or 23% of sales**, roughly unchanged year over year. The company continues to carry a **full valuation allowance** against its Italian, U.S. and Chinese deferred tax assets, and recorded **$432,000** of tax expense in the quarter.

The balance sheet ended the quarter with **$52.1 million in cash**, up from $48.7 million at the October 2025 fiscal year end, **$166.7 million of working capital** and **no debt**. Volovic said Hurco will use that position to introduce the next generation of its proprietary control technology at the **IMTS show in Chicago** later this month.

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