HURC News & Events

Greg Volovic, Chief Executive Officer, stated, "Our orders have picked up considerably in the U.S. despite the increase in tariffs, overall gross profit (as a percentage of sales) has improved reflecting cost reductions and containment, and continued working capital efficiency reflects our steadfast focus on a strong balance sheet. We have made meaningful progress to our financial position and remain committed to managing the business for the long-term sustainable future. Seeing improved order activity in the US affirms what we have been anticipating and hoping to see in the global market. We would like to see this trend continue on a broader scale, and we will remain focused on a potential recovery in 2026."

Reports Q4 revenue $45.467M vs $53.702M last year. Greg Volovic, Chief Executive Officer, stated, "Our largest markets, the U.S. and Germany, ended the fiscal year with their strongest quarter of orders and sales for the year, reflecting a change in trend that developed during the second half of the year, with orders and sales improving by approximately 5% from the first half to the second half of the year. While this fiscal year was challenging given the headwinds from tariffs and the macro-economic conditions, we were committed to continuous improvement in our business strategy and implemented targeted leadership transitions in both the U.S. and Germany. Our new leaders bring deep industry experience with a strong focus on execution, customer engagement, and growth. Our results during this period highlight our focus on disciplined execution: we increased cash by approximately $15 million year over year and reduced selling, general, and administrative expenses by nearly $3 million year over year, all while we continued to invest in innovative technologies. As we look ahead to fiscal 2026, we believe Hurco is positioned to navigate the cycle with a strong balance sheet, an even stronger management team, and a product portfolio that supports long-term growth."

Hurco Companies announced that Executive Chairman Michael Doar will retire from his employment with the company following Hurco's 2026 Annual Meeting of Stockholders. Upon receipt of his retirement notice, the company's Board of Directors requested that Doar continue service as a non-employee director of the company and formally nominated him to stand for re-election as a director at the 2026 Annual Meeting. If re-elected, Doar will serve as non-employee director and non-executive Chairman of the Board from that date. Doar joined Hurco as a Board member in 2000 and served as its CEO for twenty years before transitioning to the role as Executive Chairman. "I am very proud of the success we have achieved at Hurco during my tenure and the role we have played in supporting advanced manufacturing around the world," said Doar. "Our leadership team, led by our CEO, Greg Volovic, and CFO, Sonja McClelland, will continue to build on our strong foundation to support our customers with cutting-edge technologies. I am confident in the long-term strength of the business, and Hurco is well positioned to capitalize on opportunities ahead and create long-term value for our shareholders. I look forward to my new role as non-executive Chairman of the Board and am excited to play a part in Hurco's next chapter."

Reports Q3 revenue $45.8M vs $42.7M last year. Greg Volovic, Chief Executive Officer, stated, "While capital purchase decisions remain somewhat cautious due to macroeconomic uncertainty, I am encouraged by the progress we made this quarter. We increased our gross profit and reduced our operating costs to improve our overall financial results compared to the prior year. We delivered 10% sales growth in the Americas and nearly 50% growth in Asia Pacific and strengthened our balance sheet, resulting in over $44 million in cash and cash equivalents as of July 31, 2025. These improvements reflect the value of our product portfolio, the discipline of our teams, and the growing confidence we are seeing from customers as they begin to navigate advancements in trade agreements and changes in tax legislation. With a healthy cash position and ongoing investments in technology, we believe Hurco is well positioned to return to profitability and deliver long-term value for our shareholders."