AI Earnings Predictions for Hurco Companies Inc. (HURC)

EX-99.1

2 hurc-20260904xex99d1.htm

EX-99.1

Exhibit 99.1

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FOR IMMEDIATE RELEASE

FRIDAY, SEPTEMBER 4, 2026

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HURCO REPORTS PROFIT IN THIRD QUARTER RESULTS FOR FISCAL YEAR 2026

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INDIANAPOLIS, INDIANA – September 4, 2026 -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the third fiscal quarter ended July 31, 2026. Hurco recorded net income of $2,314,000, or $0.35 per diluted share, for the third quarter of fiscal year 2026, compared to a net loss of $3,693,000, or $(0.58) per diluted share, for the corresponding period in fiscal year 2025. For the first nine months of fiscal year 2026, Hurco reported a net loss of $3,526,000, or $(0.55) per diluted share, compared to a net loss of $12,076,000, or $(1.87) per diluted share, for the corresponding period in fiscal year 2025.

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Sales and service fees for the third quarter of fiscal year 2026 were $47,289,000, an increase of $1,483,000, or 3%, compared to the corresponding prior year period, and included an unfavorable currency impact of $20,000, or less than 1%, when translating foreign sales to U.S. dollars for financial reporting purposes. Sales and service fees for the first nine months of fiscal year 2026 were $137,775,000, an increase of $4,688,000, or 4%, compared to the corresponding prior year period, and included a favorable currency impact of $3,145,000, or 2%, when translating foreign sales to U.S. dollars for financial reporting purposes.

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Greg Volovic, Chief Executive Officer, stated, "Just last quarter we said our disciplined execution of strategic pricing and tighter cost control through the down cycle was beginning to show, and we were working our way back to profitable quarters. This quarter, we were profitable. Gross margin for the third quarter of this fiscal year expanded 800 basis points to 28%, compared to the corresponding prior year period, primarily through measured cost control that began over two years ago, improved absorption of our fixed overhead across assembly operations, higher machine sales volumes in the U.S. and Asia Pacific, and a stronger mix of 5-axis and higher-performance machine sales globally, reflecting the premium our customers place on proprietary control technology and automation. Tariff refunds have helped this year, but the fundamentals of the business have proven to be the larger contributor to profitability. Orders for the first nine months of fiscal 2026 increased 24% compared to this same period last year, and improved across all regions of the world, outpacing shipments."

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Mr. Volovic continued, "We know this industry is cyclical, and we are not declaring the cycle over, but we believe the direction of our business has turned, and we intend to build on it. We will carry that momentum into IMTS in Chicago later this month, where we plan to introduce the next generation of our proprietary control technology to customers from around the world. With $52 million in cash, $167 million of working capital, and no debt, we have both the confidence and the financial strength to invest in that future to build long-term value for our shareholders."

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The following table sets forth net sales and service fees by geographic region for the third fiscal quarter and nine months ended July 31, 2026, and 2025 (dollars in thousands):

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Three Months Ended

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Nine Months Ended

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July 31,

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July 31,

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2026

2025

$ Change

% Change

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2026

2025

$ Change

% Change

Americas

$18,778

$16,901

$1,877

11%

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$56,174

$50,370

$5,804

12%

Europe

21,336

24,166

(2,830)

(12)%

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61,697

67,388

(5,691)

(8)%

Asia Pacific

7,175

4,739

2,436

51%

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19,904

15,329

4,575

30%

Total

$47,289

$45,806

$1,483

3%

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$137,775

$133,087

$4,688

4%

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Sales in the Americas for the third quarter of fiscal year 2026 increased by 11%, compared to the corresponding period in fiscal year 2025, primarily due to increased shipments of Hurco 5-axis and larger, higher-performance vertical milling machines, and increased shipments of Takumi and Milltronics toolroom lathes.  Sales in the Americas for the first nine months of fiscal year 2026 increased by 12%, compared to the corresponding period in fiscal year 2025, primarily due to increased shipments of Hurco 5-axis machines and larger, higher-performance vertical milling machines, increased shipments of Takumi lathes and vertical milling machines, and increased shipments of Milltronics toolroom lathes.

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European sales for the third quarter of fiscal year 2026 decreased by 12%, compared to the corresponding period in fiscal year 2025, and included a favorable currency impact of less than 1%, when translating foreign sales to U.S. dollars for financial reporting purposes. European sales for the first nine months of fiscal year 2026 decreased by 8%, compared to the corresponding period in fiscal year 2025, and included a favorable currency impact of 5%, when translating foreign sales to U.S. dollars for financi

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Hurco Companies, Inc._March 6, 2026 0000315374false00003153742026-03-062026-03-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549 ​

FORM 8-K

​ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ​ Date of report (Date of earliest event reported): March 6, 2026 ​ Hurco Companies, Inc. (Exact Name of Registrant as Specified in Its Charter) ​ Indiana (State or Other Jurisdiction of Incorporation) ​ ​

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0-9143 35-1150732

(Commission File Number) (IRS Employer Identification No.)

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One Technology Way Indianapolis, Indiana 46268

(Address of Principal Executive Offices) (Zip Code)

​ (317) 293-5309 (Registrant’s Telephone Number, Including Area Code) ​ Not Applicable (Former Name or Former Address, if Changed Since Last Report) ​ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ◻Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ◻Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ◻Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ◻Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ​ Securities registered pursuant to Section 12(b) of the Act: ​ ​

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Title of each class Trading Symbol(s) ​ Name of each exchange on which registered

Common Stock, no par value

HURC

The Nasdaq Stock Market LLC

​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ​ Emerging growth company ◻ ​ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻ ​

Item 2.02    Results of Operations and Financial Condition. ​ On March 6, 2026, Hurco Companies, Inc. (the “Company”) reported its results of operations for the first fiscal quarter ended January 31, 2026. The Company’s earnings release for the period is attached as Exhibit 99.1 and the information set forth therein is incorporated herein by reference and constitutes a part of this report. The attached Exhibit 99.1 is furnished pursuant to Item 2.02 of Form 8-K. ​ Item 9.01Financial Statements and Exhibits. ​ Exhibit Index ​

99.1 ​ Press Release of Hurco Companies, Inc., dated March 6, 2026 ​

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: March 6, 2026

HURCO COMPANIES, INC.

By: /s/ Sonja K. McClelland_______________

Sonja K. McClelland, Executive Vice President, Treasurer and Chief Financial Officer

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