HURC

Shares of Hurco Companies, Inc. HURC have lost 1.8% since the company reported its earnings for the quarter ended July 31, 2026. This compares to the S&P 500 Index’s 0.9% decline over the same time frame. Over the past month, the stock gained 3.1% against the S&P 500’s 1.3% decline. Hurco reported third-quarter fiscal 2026 sales and service fees of $47.3 million, up 3.2% from $45.8 million in the year-ago period. Net income was $2.3 million, or $0.35 per share, against a net loss of $3.7 million, or $0.58 per share, a year earlier. Hurco operates as a single reportable segment: industrial automation equipment. By geography, Americas sales increased 11% to $18.8 million, European sales fell 12% to $21.3 million, and Asia Pacific sales rose 51% to $7.2 million. By product category, computerized machine tool sales increased 3%, service parts rose 6.3%, while computer control systems and software and service fees each declined 1.3%. Orders were $51.4 million in the fiscal third quarter, up 25.3% year over year. Orders increased 37% in the Americas, 6% in Europe and 68% in Asia Pacific. Gross profit was $13.2 million, or 28% of sales, compared with $9.1 million, or 20% of sales, a year earlier. Operating income was $2.3 million against an operating loss of $1.7 million. Selling, general and administrative (SG&A) expenses were $10.9 million, or 23% of sales, compared with $10.8 million, also 23% of sales. Net cash provided by operating activities was $5.3 million for the first nine months of fiscal 2026, compared with $13.9 million in the corresponding prior-year period. As of July 31, 2026, cash and cash equivalents were $52.1 million compared with $48.7 million as of Oct. 31, 2025. Working capital was $166.7 million compared with $173.1 million, and the company reported no debt. Inventories were $136.6 million compared with $142.9 million over the same comparison periods. Hurco Companies, Inc. price-consensus-eps-surprise-chart | Hurco Companies, Inc. Quote CEO Greg Volovic said that HURC’s strategic pricing and tighter cost controls were contributing to its return to quarterly profitability. Management also pointed to improved fixed-overhead absorption, higher machine sales volumes in the United States and Asia Pacific and a stronger mix of 5-axis and higher-performance machines. Volovic cautioned that Hurco operates in a cyclical industry and said that management was not declaring the cycle over, although it believes the direction of the business has improved. Orders for the first nine months of fiscal 2026 increased 24.2% and improved across all regions, outpacing shipments. Management also said that Hurco planned to introduce the next generation of its proprietary control technology at IMTS in Chicago and cited its cash position, working capital and lack of debt as supporting continued investment. The Americas benefited from higher shipments of Hurco 5-axis and larger, higher-performance vertical milling machines, along with increased Milltronics and Takumi toolroom lathe shipments. Asia Pacific growth reflected higher shipments of Hurco vertical milling machines in China and Southeast Asia, Takumi vertical milling machines and private-labeled machine frames. Europe remained pressured by lower shipments of Hurco machines and electro-mechanical components and accessories from LCM, partly offset by higher Takumi vertical milling machine volumes and ProCobots automation sales. Gross profit improvement was driven mainly by higher machine sales volume, a greater mix of higher-performance machines and price increases implemented in the first quarter of fiscal 2026. Tariff refund claims also contributed, but management said that they were a smaller factor. SG&A expenses were affected by unfavorable currency translation and higher global wages, sales commissions and employee benefits. Other income, net, was $0.3 million against other expense, net, of $1.5 million a year earlier, mainly reflecting a lower foreign currency exchange loss. 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.com). Zacks Investment Research

INDIANAPOLIS, Sept. 04, 2026 (GLOBE NEWSWIRE) -- 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. 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. 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." 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." 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): 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. 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 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 machines and electro-mechanical components and accessories manufactured by our wholly-owned subsidiary in Italy, LCM Precision Technology S.r.l. (“LCM”), partially offset by an increased volume of shipments of Takumi vertical milling machines and increased sales of ProCobots automation solutions. Asian Pacific sales for the third quarter and first nine months of fiscal year 2026 increased by 51% and 30%, respectively, compared to the corresponding prior year periods, and included an unfavorable currency impact of 3% for the third quarter and less than 1% for the nine month periods, when translating foreign sales to U.S. dollars for financial reporting purposes. The year-over-year increases in Asian Pacific sales in both periods were primarily due to increased shipments of Hurco vertical milling machines in China and Southeast Asia, as well as increased shipments of Takumi vertical milling machines and private labeled machine frames produced for third parties. Orders for the third quarter of fiscal year 2026 were $51,368,000, an increase of $10,372,000, or 25%, compared to the corresponding period in fiscal year 2025, and included an unfavorable currency impact of $260,000, or less than 1%, when translating foreign orders to U.S. dollars. Orders for the first nine months of fiscal year 2026 were $154,995,000, an increase of $30,214,000, or 24%, compared to the corresponding period in fiscal year 2025, and included a favorable currency impact of $3,106,000, or 2%, when translating foreign orders to U.S. dollars. The following table sets forth new orders booked by geographic region for the third fiscal quarter and nine months ended July 31, 2026, and 2025 (dollars in thousands): Orders in the Americas for the third quarter and first nine months of fiscal year 2026 increased by 37% and 40%, respectively, compared to the corresponding periods in fiscal year 2025, primarily due to increased demand for Hurco 5-axis and larger, higher-performance vertical milling machines, Takumi lathes and vertical milling machines, as well as Milltronics toolroom lathes. European orders for the third quarter and first nine months of fiscal year 2026 increased by 6% and 7%, respectively, compared to the corresponding prior year periods, and included a favorable currency impact of less than 1% for the third quarter and 5% for the nine month periods, when translating foreign orders to U.S. dollars. The year-over-year increases in orders were driven primarily by increased customer demand for Hurco higher-performance vertical milling machines in the United Kingdom and electro-mechanical components and accessories manufactured by LCM, partially offset by decreased customer demand for Hurco machines in Germany and France. Asian Pacific orders for the third quarter and first nine months of fiscal year 2026 increased by 68% and 41%, respectively, compared to the corresponding prior year periods, and included an unfavorable currency impact of 7% for the third quarter and 1% for the nine month periods, when translating foreign orders to U.S. dollars. The year-over-year increases in orders were due primarily to increased customer demand for Takumi machines and for private labeled machine frames produced for third parties, partially offset by decreased customer demand for Hurco machines in China. Gross profit for the third quarter of fiscal year 2026 was $13,183,000, or 28% of sales, compared to $9,112,000, or 20% of sales, for the corresponding prior year period. Gross profit for the first nine months of fiscal year 2026 was $31,452,000, or 23% of sales, compared to $25,231,000, or 19% of sales, for the corresponding prior year period. Most of the year-over-year increases in gross profit were attributable to an increased volume of machine sales and a greater mix of higher-performance machines sold, as well as price increases implemented in the first quarter of fiscal 2026. Additionally, a smaller portion of the gross profit improvement for the third quarter and first nine months of fiscal 2026 included tariff refund claims filed with the United States Customs and Border Protection. Selling, general, and administrative expenses for the third quarter of fiscal year 2026 were $10,889,000, or 23% of sales, compared to $10,762,000, or 23% of sales, in the corresponding fiscal year 2025 period, and included an unfavorable currency impact of $10,000 when translating foreign expenses to U.S. dollars for financial reporting purposes. Selling, general, and administrative expenses for the first nine months of fiscal year 2026 were $33,127,000, or 24% of sales, compared to $32,041,000, or 24% of sales, in the corresponding fiscal year 2025 period, and included an unfavorable currency impact of $753,000 when translating foreign expenses to U.S. dollars for financial reporting purposes. The year-over-year increases in selling, general, and administrative expenses were primarily due to the unfavorable impact of currency translation and increased global wages, sales commissions, and employee benefits. Income tax expense for the third quarter of fiscal year 2026 was $432,000, compared to $567,000 for the corresponding prior year period. The year-over-year change was primarily due to changes in geographic mix of income and loss that includes jurisdictions with differing tax rates. Income tax expense for the first nine months of fiscal year 2026 was $1,668,000, compared to $3,126,000 for the corresponding prior year period. The year-over-year change was primarily due to a $1,232,000 valuation allowance recorded during the first quarter of 2025 on our Italian deferred tax assets and changes in geographic mix of income and loss that include jurisdictions with differing tax rates. A full valuation allowance has been recorded against our Italian, U.S., and Chinese deferred tax assets as of July 31, 2026, based on our conclusion that the deferred tax assets were not more likely than not to be realized under generally accepted accounting principles. Cash and cash equivalents totaled $52,087,000 at July 31, 2026, compared to $48,713,000 at October 31, 2025. Working capital was $166,717,000 at July 31, 2026, compared to $173,055,000 at October 31, 2025. The decrease in working capital was primarily driven by a decrease in inventories and an increase in accounts payable and customer deposits, partially offset by increases in cash and cash equivalents and prepaid and other assets. 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, and the U.S., 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, Taiwan, and the U.S. Web Site: www.hurco.com. 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, including an inability to receive any refunds of tariffs paid in previous periods, 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 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. McClellandExecutive Vice President, Treasurer, & Chief Financial Officer 317-293-5309

Shares of Hurco Companies, Inc. HURC have gained 26.8% since the company reported results for the quarter ended April 30, 2026, significantly outperforming the S&P 500 Index, which declined 4.2% over the same period. The stock has also delivered strong momentum over the past month, rising 30.2% against a 2.3% decline for the broader market benchmark. Hurco reported second-quarter fiscal 2026 sales and service fees of $47.6 million, up 16.5% from $40.9 million in the year-ago quarter. Net loss narrowed to $2.4 million, or $0.37 per diluted share, from $4.1 million, or $0.62 per diluted share, a year earlier. By geography, sales in the Americas increased 35% to $20.7 million, while Asia-Pacific revenues surged 81% to $7.1 million. Europe remained weak, with sales declining 8% to $19.8 million. For the first six months of fiscal 2026, revenues increased 3.7% to $90.5 million, while the net loss narrowed to $5.8 million, or $0.91 per share, from $8.4 million, or $1.29 per share, in the prior-year period. A notable highlight of the quarter was a sharp acceleration in orders. New orders rose 41% year over year to $61.6 million, driven by broad-based strength across all major regions. Orders in the Americas climbed 63% to $27.6 million, Europe increased 17% to $24.7 million and Asia-Pacific advanced 66% to $9.4 million. For the first six months of fiscal 2026, orders increased 24% to $103.6 million. Management attributed the growth largely to stronger demand for Hurco and Takumi 5-axis and higher-performance vertical milling machines. Demand was particularly strong in the U.K., Germany, France, China and India. Hurco Companies, Inc. price-consensus-eps-surprise-chart | Hurco Companies, Inc. Quote Gross profit increased 31.9% to $10.3 million from $7.8 million a year earlier, while gross margin expanded 300 basis points to 22% of sales from 19%. The improvement reflected higher machine sales volumes and a greater mix of higher-performance products. HURC also benefited modestly from pricing actions implemented in 2026 and tariff refund claims, although those gains were partially offset by incremental tariffs. Selling, general and administrative (SG&A) expenses edged up 2.1% to $11.1 million from $10.9 million, primarily because of unfavorable foreign-currency translation. However, as a percentage of revenue, SG&A improved to 23% from 27%, reflecting stronger operating leverage. Operating loss narrowed significantly to $0.8 million from $3.1 million in the prior-year quarter. Chief executive officer Greg Volovic described the quarter as the result of more than two years of disciplined execution during a prolonged downturn in the machine tool industry. Volovic highlighted the company's strongest quarterly order intake in many years and pointed to growing customer adoption of 5-axis and higher-performance vertical milling machines. According to Volovic, investments in proprietary WinMax control technology, the Takumi platform and automation solutions contributed to the improved product mix, while disciplined pricing and tighter cost controls helped expand margins and reduce losses. Hurco ended the quarter with cash and cash equivalents of $50.1 million, up from $48.7 million as of Oct. 31, 2025. Working capital totaled $166.9 million as of April 30, 2026, compared with $173.1 million as of Oct. 31, 2025, reflecting lower inventory levels and higher customer deposits. HURC remained debt-free at quarter’s end, providing financial flexibility despite ongoing market uncertainty. Customer deposits increased to $7.8 million from $4.8 million at fiscal year-end, while inventories declined to $137.2 million from $142.9 million during the same period. Hurco did not provide formal financial guidance for the upcoming quarters. Management indicated that while demand trends have strengthened, the company remains cautious and intends to continue managing through potential market volatility while positioning itself to benefit if improving order trends prove sustainable. The company reported no acquisitions, divestitures or restructuring actions during the quarter. Hurco entered into a new secured revolving credit and letter-of-credit facility with Bank of America in January 2026, providing up to $20 million of borrowing capacity through Dec. 31, 2026. However, HURC had no borrowings outstanding as of April 30, 2026. 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.com). Zacks Investment Research

INDIANAPOLIS, June 05, 2026 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the second fiscal quarter ended April 30, 2026. Hurco recorded a net loss of $2,372,000, or $0.37 per diluted share, for the second quarter of fiscal year 2026, compared to a net loss of $4,063,000, or $0.62 per diluted share, for the corresponding period in fiscal year 2025. For the first six months of fiscal year 2026, Hurco reported a net loss of $5,840,000, or $0.91 per diluted share, compared to a net loss of $8,383,000, or $1.29 per diluted share, for the corresponding period in fiscal year 2025. Sales and service fees for the second quarter of fiscal year 2026 were $47,618,000, an increase of $6,751,000, or 17%, compared to the corresponding prior year period, and included a favorable currency impact of $1,352,000, or 3%, when translating foreign sales to U.S. dollars for financial reporting purposes. Sales and service fees for the first six months of fiscal year 2026 were $90,486,000, an increase of $3,205,000, or 4%, compared to the corresponding prior year period, and included a favorable currency impact of $3,165,000, or 4%, when translating foreign sales to U.S. dollars for financial reporting purposes. Greg Volovic, Chief Executive Officer, stated, “After more than two years of disciplined execution through one of the deepest machine tool downcycles in history, the second quarter produced the kind of results we have been working toward. Orders increased 41% year-over-year to $61.6 million, our strongest quarterly intake in many years, with broad-based order growth of 63% in the Americas, 66% in Asia Pacific, and 17% in Europe despite continued weakness in Germany. The composition of the demand in the second quarter is also encouraging. Customers are increasingly choosing our 5-axis and higher-performance vertical milling machines, reflecting the value of our investments in proprietary WinMax control technology, the Takumi platform, and automation. That mix, combined with disciplined pricing and tighter operating costs, expanded gross margin by 300 basis points to 22% and narrowed our net loss per share by 40% versus the prior-year quarter. We are not yet back to profitability, but the operating leverage we have built through this downturn is starting to show in our results. With just over $50 million in cash and cash equivalents, more efficient working capital levels, and no debt, we have the financial flexibility to participate substantially if these early signs of demand strength prove durable, and to weather continued volatility if they do not. We will continue to manage Hurco for long-term value.” The following table sets forth net sales and service fees by geographic region for the second quarter and six months ended April 30, 2026, and 2025 (dollars in thousands): Sales in the Americas for the second quarter of fiscal year 2026 increased by 35%, compared to the corresponding period in fiscal year 2025, primarily due to increased shipments of Hurco, Takumi and Milltronics machines. The increase in machine shipments was mostly attributable to increased shipments of Hurco 5-axis and larger, higher-performance vertical milling machines, Milltronics toolroom machines, and Takumi vertical milling machines. Sales in the Americas for the first six 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 as well as larger, higher-performance vertical milling machines and Takumi vertical milling machines. European sales for the second quarter of fiscal year 2026 decreased by 8%, compared to the corresponding period in fiscal year 2025, and included a favorable currency impact of 6%, when translating foreign sales to U.S. dollars for financial reporting purposes. European sales for the first six months of fiscal year 2026 decreased by 7%, compared to the corresponding period in fiscal year 2025, and included a favorable currency impact of 7%, 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 machines and electro-mechanical components and accessories manufactured by our wholly-owned subsidiary in Italy, LCM Precision Technology S.r.l. (“LCM”), partially offset by an increased volume of shipments of Takumi 5-axis and vertical milling machines. Asian Pacific sales for the second quarter and first six months of fiscal year 2026 increased by 81% and 20%, respectively, compared to the corresponding prior year periods, and included a favorable currency impact of 2% for each respective period, when translating foreign sales to U.S. dollars for financial reporting purposes. The year-over-year increases in Asian Pacific sales in both periods were primarily due to increased shipments in China and India of Hurco 5-axis and larger, higher-performance vertical milling machines, as well as Takumi 5-axis and vertical milling machines. Orders for the second quarter of fiscal year 2026 were $61,647,000, an increase of $17,947,000, or 41%, compared to the corresponding period in fiscal year 2025, and included a favorable currency impact of $1,815,000, or 4%, when translating foreign orders to U.S. dollars. Orders for the first six months of fiscal year 2026 were $103,627,000, an increase of $19,842,000, or 24%, compared to the corresponding period in fiscal year 2025, and included a favorable currency impact of $3,366,000, or 4%, when translating foreign orders to U.S. dollars. The following table sets forth new orders booked by geographic region for the second quarter and six months ended April 30, 2026, and 2025 (dollars in thousands): Orders in the Americas for the second quarter and first six months of fiscal year 2026 increased by 63% and 42%, respectively, compared to the corresponding periods in fiscal year 2025, primarily due to increased demand for Hurco 5-axis and larger, higher-performance vertical milling machines and for Takumi vertical milling machines. European orders for the second quarter of fiscal year 2026 increased by 17%, compared to the corresponding prior year period, and included a favorable currency impact of 7%, when translating foreign orders to U.S. dollars. The increase in orders was driven primarily by increased customer demand for Hurco higher-performance milling machines in the United Kingdom and Germany and for Takumi 5-axis machines in France. European orders for the first six months of fiscal year 2026 increased by 8%, compared to the corresponding prior year period, and included a favorable currency impact 8%, when translating foreign orders to U.S. dollars. The year-over-year increase was primarily due to increased customer demand for Hurco and Takumi 5-axis machines and higher-performance vertical milling machines in the United Kingdom, Germany, and France and increased customer demand for electro-mechanical components and accessories manufactured by LCM, partially offset by a decreased volume of machine demand in Italy and Germany. Asian Pacific orders for the second quarter of fiscal year 2026 increased by 66%, compared to the corresponding prior year period, and included a favorable currency impact of 4%, when translating foreign orders to U.S. dollars. The increase in orders was driven primarily by increased customer demand for Takumi machines across the Asia Pacific region where our customers are located, as well as for Hurco vertical milling machines in China. Asian Pacific orders for the first six months of fiscal year 2026 increased by 29%, compared to the corresponding prior year period, and included a favorable currency impact of 2%, when translating foreign orders to U.S. dollars. The year-over-year increase in Asian Pacific orders was driven primarily by increased customer demand for Takumi machines across the Asian Pacific region where our customers are located and for higher-performance Hurco vertical milling machines in India. Gross profit for the second quarter of fiscal year 2026 was $10,331,000, or 22% of sales, compared to $7,829,000, or 19% of sales, for the corresponding prior year period. Gross profit for the first six months of fiscal year 2026 was $18,269,000, or 20% of sales, compared to $16,119,000, or 18% of sales, for the corresponding prior year period. The year-over-year increases in gross profit were primarily due to an increased volume of machine sales and a greater mix of higher-performance machine sales. Although not significant factors, gross profit for the second quarter and first six months also benefited from price increases implemented in 2026 and tariff refund claims filed with the United States Customs and Border Protection, both of which were partially offset by incremental tariffs compared to prior year. Selling, general, and administrative expenses for the second quarter of fiscal year 2026 were $11,130,000, or 23% of sales, compared to $10,897,000, or 27% of sales, in the corresponding fiscal year 2025 period, and included an unfavorable currency impact of $341,000, 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 2026 were $22,238,000, or 25% of sales, compared to $21,279,000, or 24% of sales, in the corresponding fiscal year 2025 period, and included an unfavorable currency impact of $743,000, when translating foreign expenses to U.S. dollars for financial reporting purposes. The year-over-year increases in selling, general, and administrative expenses was primarily due to the unfavorable currency impact. Income tax expense for the second quarter of fiscal year 2026 was $775,000, compared to $518,000 for the corresponding prior year period. The year-over-year change was primarily due to changes in geographic mix of income and loss that includes jurisdictions with differing tax rates. Income tax expense for the first six months of fiscal year 2026 was $1,236,000, compared to $2,559,000 for the corresponding prior year period. The year-over-year change was primarily due to a $1,232,000 valuation allowance recorded during the first quarter of 2025 on our Italian deferred tax assets and changes in geographic mix of income and loss that include jurisdictions with differing tax rates. A full valuation allowance has been recorded against our Italian, U.S., and Chinese deferred tax assets as of April 30, 2026, based on our conclusion that the deferred tax assets were not more likely than not to be realized. Cash and cash equivalents totaled $50,055,000 at April 30, 2026, compared to $48,713,000 at October 31, 2025. Working capital was $166,943,000 at April 30, 2026, compared to $173,055,000 at October 31, 2025. The decrease in working capital was primarily driven by a decrease in inventories and an increase in customer deposits, partially offset by increases in cash and cash equivalents and prepaid and other assets. 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, and the U.S., 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: www.hurco.com. 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, including an inability to receive any refunds of tariffs paid in previous periods, 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 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. McClellandExecutive Vice President, Treasurer, & Chief Financial Officer 317-293-5309

Shares of Hurco Companies, Inc. HURC have lost 9.1% since the company reported its earnings for the quarter ended Jan. 31, 2026. This compares to the S&P 500 Index’s 0.6% decline over the same time frame. Over the past month, the stock lost 15.3% compared with the S&P 500’s 0.8% decline. Hurco reported a net loss of $3.5 million, or $0.54 per diluted share, for the first quarter of fiscal 2026, compared with $4.3 million, or $0.67 per diluted share, in the prior-year quarter. Sales and service fees declined 7.6% year over year to $42.9 million from $46.4 million. By region, sales fell 8% in the Americas to $16.6 million from $18.1 million, decreased 5% in Europe to $20.5 million from $21.6 million, and dropped 15% in the Asia Pacific region to $5.7 million from $6.7 million, reflecting weaker shipment volumes in multiple markets. Hurco operates as a single reportable segment focused on industrial automation equipment, primarily CNC (Computer Numeric Control) machine tools. Within its product mix, computerized machine tool sales — the company’s largest revenue contributor — declined 11.3% year over year to $33.5 million from $37.8 million. The drop mainly reflected reduced shipments of Milltronics machines in the Americas and Hurco machines in the U.K., Germany, China and India. Sales of computer control systems and software decreased 31.1% year over year to $0.5 million from $0.7 million, primarily due to lower software sales in the Americas and Europe. In contrast, service parts revenue rose 17% to $6.9 million from $5.9 million as aftermarket demand for Takumi and Hurco products improved in Europe and Asia Pacific. Service fees declined 3.8% to $2 million from $2.1 million due to lower aftermarket service activity in the Americas, partly offset by higher service demand in the U.K. and France. Hurco Companies, Inc. price-consensus-eps-surprise-chart | Hurco Companies, Inc. Quote Orders increased during the quarter despite the decline in sales. New orders totaled $41.9 million, up 5% from $40.1 million in the prior-year quarter. Orders in the Americas climbed 18% to $17.3 million from $14.6 million, driven by stronger demand for Hurco and Takumi machines. European orders declined 2% to $18.9 million from $19.4 million, while Asia Pacific orders fell 6% to $5.7 million from $6.1 million amid weaker demand in China. Profitability metrics showed mixed trends. Gross profit was $7.9 million, down 4.2% from $8.3 million a year earlier. However, gross margin improved to 19% from 18% due to a more favorable sales mix of higher-performance Hurco and Takumi machines and better leverage of fixed production costs. Selling, general and administrative expenses rose 6.9% to $11.1 million from $10.4 million, representing 26% of sales compared with 22% in the prior-year quarter. The increase reflected higher employee benefit costs and unfavorable currency impacts when translating foreign expenses into U.S. dollars. Operating loss widened to $3.2 million from $2.1 million in the prior-year quarter, primarily due to lower shipment volumes. Income tax expense for the quarter was $0.5 million compared with $2 million in the year-ago period. Chief Executive Officer Greg Volovic noted that order activity in the United States improved during the quarter despite higher tariffs. Volovic added that HURC’s gross profit margin benefited from cost reductions and improved working capital efficiency. Management indicated that the uptick in U.S. orders could signal early signs of recovery in global machine tool markets, although broader demand improvement remains uncertain. Hurco also emphasized ongoing efforts to manage operating costs and inventory levels during a period of cyclical industry weakness. The company has implemented cost-reduction initiatives in recent fiscal years and suspended its quarterly dividend to preserve cash and maintain balance-sheet flexibility. Hurco ended the quarter with $48 million in cash and cash equivalents, slightly lower than $48.7 million at the end of fiscal 2025. Working capital totaled $169.5 million compared with $173.1 million as of Oct. 31, 2025. The decrease was primarily due to higher accounts payable and lower inventory balances. Capital expenditures during the quarter were approximately $0.6 million, mainly related to software development and facility improvements. The company funded these investments using cash on hand. During the quarter, HURC entered into a new credit agreement with Bank of America providing a secured revolving credit and letter-of-credit facility of up to $20 million, replacing earlier credit arrangements that expired at the end of 2025. As of Jan. 31, 2026, Hurco had no borrowings outstanding under its credit facilities. Hurco did not issue formal financial guidance for revenue, earnings or orders for the remainder of fiscal 2026. Management also did not provide specific quantitative forecasts for upcoming quarters, indicating that the company continues to navigate uncertain demand conditions in the global machine tool market. HURC’s commentary suggested that visibility remains limited and management continues to focus on operational discipline and maintaining financial flexibility while monitoring broader demand trends across its key geographic markets. Hurco announced that its previous revolving credit agreement terminated on Dec. 31, 2025, and it subsequently entered into a new secured credit agreement on Jan. 5, 2026. The new facility provides access to up to $20 million in revolving credit and letters of credit and is secured by substantially all of the company’s personal property. The agreement is scheduled to mature on Dec. 31, 2026. 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.com). Zacks Investment Research

INDIANAPOLIS, March 06, 2026 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the first fiscal quarter ended January 31, 2026. Hurco recorded a net loss of $3,468,000, or $0.54 loss per diluted share, for the first quarter of fiscal year 2026, compared to a net loss of $4,320,000, or $0.67 loss per diluted share, for the corresponding period in fiscal year 2025. Sales and service fees for the first quarter of fiscal year 2026 were $42,868,000, a decrease of $3,546,000, or 8%, compared to the corresponding prior year period, and included a favorable currency impact of $1,813,000, or 4%, when translating foreign sales to U.S. dollars for financial reporting purposes. 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.” The following table sets forth net sales and service fees by geographic region for the first fiscal quarter ended January 31, 2026, and 2025 (dollars in thousands): Sales in the Americas for the first quarter of fiscal year 2026 decreased by 8%, compared to the corresponding period in fiscal year 2025, primarily due to a decreased volume of shipments of Milltronics vertical milling and toolroom machines. European sales for the first quarter of fiscal year 2026 decreased by 5%, compared to the corresponding period in fiscal year 2025, and included a favorable currency impact of 8%, when translating foreign sales to U.S. dollars for financial reporting purposes. The decrease in European sales for the first quarter of fiscal year 2026 was primarily attributable to a decreased volume of shipments of Hurco VM machines and lathes in the UK and Germany. In addition to the decreased machine sales for the quarter, European sales also reflected a decline in shipments of accessories manufactured by our wholly owned Italian subsidiary, LCM Precision Technology S.r.l. (“LCM”). Asian Pacific sales for the first quarter of fiscal year 2026 decreased by 15%, compared to the corresponding period in fiscal year 2025, and included a favorable currency impact of 2%, when translating foreign sales to U.S. dollars for financial reporting purposes. The decrease in Asian Pacific sales primarily resulted from a lower volume of shipments of Hurco machines in China and India. Orders for the first quarter of fiscal year 2026 were $41,980,000, an increase of $1,895,000, or 5%, compared to the corresponding period in fiscal year 2025, and included a favorable currency impact of $1,506,000, or 4%, when translating foreign orders to U.S. dollars. The following table sets forth new orders booked by geographic region for the first fiscal quarter ended January 31, 2026, and 2025 (dollars in thousands): Orders in the Americas for the first quarter of fiscal year 2026 increased by 18%, compared to the corresponding period in fiscal year 2025, primarily due to increased customer demand for Hurco and Takumi machines. European orders for the first quarter of fiscal year 2026 decreased by 2%, compared to the corresponding prior year period, and included a favorable currency impact of 8%, 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, France, Italy and the U.K., partially offset by increased customer demand for electro-mechanical components and accessories manufactured by LCM. Asian Pacific orders for the first quarter of fiscal year 2026 decreased by 6%, 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 decrease in Asian Pacific orders was driven primarily by a decrease in customer demand for Hurco machines in China, partially offset by increased customer demand for Hurco and Takumi machines in India. Gross profit for the first quarter of fiscal year 2026 was $7,938,000, or 19% of sales, compared to $8,290,000, or 18% of sales, for the corresponding prior year period. The year-over-year increase in gross profit as a percentage of sales was primarily due to a greater sales mix of Hurco and Takumi higher-performance machines and improved leverage of fixed costs allocated to sales and production volumes. Selling, general, and administrative expenses for the first quarter of fiscal year 2026 were $11,108,000, or 26% of sales, compared to $10,382,000, or 22% of sales, in the corresponding fiscal year 2025 period, and included an unfavorable currency impact of $402,000, when translating foreign expenses to U.S. dollars for financial reporting purposes. The year-over-year increase in selling, general and administrative expenses for the quarter reflected the unfavorable currency impact and increased employee benefits costs. Income tax expense for the first quarter of fiscal year 2026 was $461,000, compared to $2,041,000 for the corresponding prior year period. The year-over-year change was primarily due to a $1,232,000 valuation allowance recorded during the first quarter of 2025 on our Italian deferred tax assets and changes in geographic mix of income and loss that includes jurisdictions with differing tax rates. A full valuation allowance has been recorded against our Italian, U.S., and Chinese deferred tax assets as of January 31, 2026 based on our conclusion that the deferred tax assets were not more likely than not to be recognized. Cash and cash equivalents totaled $48,011,000 at January 31, 2026, compared to $48,713,000 at October 31, 2025. Working capital was $169,506,000 at January 31, 2026, compared to $173,055,000 at October 31, 2025. The decrease in working capital was primarily driven by an increase in accounts payable and a decrease in inventories. 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, and the U.S., 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: www.hurco.com. 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

Shares of Hurco Companies, Inc. HURC have gained 2.7% since the company reported its earnings for the quarter ended Oct. 31, 2025. This compares to the S&P 500 Index’s 0.8% rise over the same time frame. Over the past month, the stock gained 9.6% compared with the S&P 500’s 2.5% rise. For the fourth quarter of fiscal 2025, Hurco reported sales and service fees of $45.5 million, down 15% year over year from $53.7 million, while the net loss widened to $3 million, or $0.47 per diluted share, from a net loss of $1.4 million, or $0.23 per share, in the year-ago period. Gross profit declined 36.4% to $7.7 million from $12.2 million, with gross margin compressing to 17% from 23% year over year. For the full fiscal year, sales and service fees decreased 4% to $178.6 million from $186.6 million. HURC posted a net loss of $15.1 million, or $2.34 per diluted share, compared with $16.6 million, or $2.56 per share, in fiscal 2024. Segmentally, the Americas recorded a 22% decline in fiscal fourth-quarter revenues, Europe saw an 8% drop, and Asia Pacific revenues fell 25%, reflecting lower machine shipments across most regions. Order trends remained mixed. Fourth-quarter fiscal 2025 orders totaled $46.5 million, down 9% year over year from $51.1 million, while full-year orders declined 14% to $171.3 million from $198.3 million. The Americas was a relative bright spot in the quarter, posting a 4% increase in orders, supported by stronger demand for Hurco and Takumi machines. In contrast, Europe and the Asia Pacific experienced order declines of 13% and 39%, respectively, driven by softer customer demand in major markets such as Germany, France, China and India. From a cost perspective, selling, general and administrative (SG&A) expenses fell 11.6% year over year in the fiscal fourth quarter to $11.2 million from $12.7 million, reflecting lower trade show spending and global cost reductions, although SG&A rose as a percentage of sales due to lower revenue. Cash and cash equivalents increased to $48.7 million as of Oct. 31, 2025, from $33.3 million a year earlier, underscoring balance sheet strength. Hurco Companies, Inc. price-consensus-eps-surprise-chart | Hurco Companies, Inc. Quote Management characterized fiscal 2025 as a challenging year marked by macroeconomic headwinds and tariff-related cost pressures. Chief Executive Officer Greg Volovic highlighted that HURC’s largest markets, the United States and Germany, ended the year with their strongest quarter of orders and sales, reflecting an improving trend in the second half of the year. Volovic also emphasized disciplined execution, noting year-over-year cash growth of approximately $15 million and a nearly $3 million reduction in SG&A expenses, alongside continued investment in product innovation and leadership transitions in key regions. Lower sales volumes and an unfavorable mix shift weighed on profitability during the quarter. Gross margin erosion was attributed to reduced shipments of higher-performance 5-axis machines and a greater mix of lower-margin 3-axis machines, particularly in the Americas and Europe. Additionally, tariffs implemented in the second half of fiscal 2025 increased the cost of goods sold, further pressuring margins and limiting fixed-cost leverage. Currency movements provided modest support to reported sales and orders in Europe, but were insufficient to offset volume declines. The company did not issue formal quantitative guidance for fiscal 2026. However, management expressed confidence in Hurco’s positioning, citing a strong balance sheet, an enhanced management team and a diversified product portfolio. The commentary suggested cautious optimism as the company prepares to navigate ongoing industry cyclicality and macroeconomic uncertainty. HURC did not disclose any acquisitions, divestitures or major restructuring activities during the quarter. Management’s strategic actions during the period were focused primarily on leadership transitions, cost control initiatives and operational discipline rather than transformational corporate activity. 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.com). Zacks Investment Research

INDIANAPOLIS, Jan. 09, 2026 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the fourth fiscal quarter and fiscal year ended October 31, 2025. Hurco recorded a net loss of $3,041,000, or $0.47 per diluted share, for the fourth quarter of fiscal year 2025, compared to a net loss of $1,442,000, or $0.23 per diluted share, for the corresponding period in fiscal year 2024. Hurco recorded a net loss of $15,117,000, or $2.34 per diluted share, for fiscal year 2025, compared to a net loss of $16,608,000, or $2.56 per diluted share, for fiscal year 2024. The recorded net losses for fiscal years 2025 and 2024, included non-cash tax valuation allowances of $4,778,000 and $8,590,000, respectively, recorded in provision for income taxes. Sales and service fees for the fourth quarter of fiscal year 2025 were $45,467,000, a decrease of $8,235,000, or 15%, compared to the corresponding prior year period, and included a favorable currency impact of $882,000, or less than 2%, when translating foreign sales to U.S. dollars for financial reporting purposes. Sales and service fees for fiscal year 2025 were $178,554,000, a decrease of $8,030,000, or 4%, compared to fiscal year 2024, and included a favorable currency impact of $2,038,000, or 1%, when translating foreign sales to U.S. dollars for financial reporting purposes. 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.” The following table sets forth net sales and service fees by geographic region for the fourth quarter and fiscal year ended October 31, 2025, and 2024 (dollars in thousands): Sales in the Americas for the fourth quarter and fiscal year 2025 decreased by 22% and 5%, respectively, compared to the corresponding periods in fiscal year 2024, primarily due to a change in mix of machine model shipments in the fourth quarter. The decrease in sales was attributable to decreased shipments of Hurco 5-axis vertical machines and entry-level Hurco and Milltronics 3-axis machines, partially offset by increased sales of higher-performance Hurco 3-axis vertical machines and multi-axis lathes. Even though the mix of machine model shipments in the fourth quarter and fiscal year 2025 produced lower sales in dollars compared to the prior year periods, the overall volume of machine shipments in the Americas increased from 2024 to 2025 for the quarter and fiscal year. European sales for the fourth quarter of fiscal year 2025 decreased by 8%, compared to the corresponding prior year period, and included a favorable currency impact of 4%, when translating foreign sales to U.S. dollars for financial reporting purposes. The year-over-year decrease in the fourth quarter in European sales was mainly due to a decreased volume of shipments of Hurco 5-axis vertical machines in the United Kingdom, Germany, and Italy, as well as decreased shipments of Milltronics machines throughout Europe. European sales for fiscal year 2025 decreased by 4%, compared to fiscal year 2024, and included a favorable currency impact of 2%, when translating foreign sales to U.S. dollars for financial reporting purposes. The year-over-year decrease in European sales was primarily attributable to a decreased volume of shipments of Hurco 5-axis vertical machines and entry-level Hurco 3-axis machines in Germany and France, and of electro-mechanical components and accessories manufactured by LCM Precision Technologies S.r.l. (“LCM”), partially offset by an increased volume of shipments of Hurco machines in the United Kingdom. Asian Pacific sales for the fourth quarter and fiscal year 2025 decreased by 25% and 1%, respectively, compared to the corresponding periods in fiscal year 2024, and each period included an unfavorable currency impact of less than 1%, when translating foreign sales to U.S. dollars for financial reporting purposes. The decreases in Asian Pacific sales in both periods were primarily due to decreases in sales of Hurco machines in India and China, partially offset by increased sales of Takumi machines in the Asia Pacific region generally. Orders for the fourth quarter of fiscal year 2025 were $46,509,000, a decrease of $4,568,000, or 9%, compared to the corresponding period in fiscal year 2024, and included a favorable currency impact of $839,000, or 2%, when translating foreign orders to U.S. dollars. Orders for fiscal year 2025 were $171,290,000, a decrease of $27,012,000, or 14%, compared to fiscal year 2024, and included a favorable currency impact of $1,761,000, 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 fourth fiscal quarter and fiscal year ended October 31, 2025, and 2024 (dollars in thousands): Orders in the Americas for the fourth quarter of fiscal year 2025 increased by 4%, compared to the corresponding period in fiscal year 2024. The increase in orders was primarily due to increased customer demand for Hurco and Takumi machines, partially offset by decreased demand for Milltronics toolroom and 3-axis vertical machines and non-Hurco branded machine tools sold by one of our wholly owned distributors. Orders in the Americas for fiscal year 2025 decreased by 10%, compared to fiscal year 2024. The decrease in orders was primarily due to a shift in customer demand from Hurco 5-axis vertical machines, Milltronics toolroom and 3-axis vertical machines, and non-Hurco branded machine tools sold by one of our wholly owned distributors, to a higher volume of Hurco lathes and entry-level and higher-performance Hurco 3-axis vertical machines. European orders for the fourth quarter and fiscal year 2025 decreased by 13% and 18%, respectively, compared to the corresponding prior year periods, and included a favorable currency impact of 4% and 2%, respectively, when translating foreign orders to U.S. dollars. The year-over-year decreases in orders in both periods were driven primarily by decreased customer demand for Hurco and Takumi machines in the United Kingdom, Germany, and France, as well as decreased demand for electro-mechanical components and accessories manufactured by LCM. Asian Pacific orders for the fourth quarter and fiscal year 2025 decreased by 39% and 6%, respectively, compared to the corresponding prior year periods, and each period included an unfavorable currency impact of less than 1% when translating foreign orders to U.S. dollars. The decreases in Asian Pacific orders in both periods were driven primarily by decreased customer demand for Hurco machines in China and India. Gross profit for the fourth quarter of fiscal year 2025 was $7,749,000, or 17% of sales, compared to $12,186,000, or 23% of sales, for the corresponding prior year period. Gross profit for fiscal year 2025 was $32,980,000, or 18% of sales, compared to $37,743,000, or 20% of sales, for fiscal year 2024. The year-over-year decreases were primarily due to the lower overall sales volume of vertical milling machines and the change in mix and volume from higher-performance 5-axis machines to 3-axis machines in the Americas and Europe. Additionally, gross profit in both periods was negatively impacted by an increase in cost of goods sold as a result of tariffs on goods imported into the U.S. implemented in the second half of fiscal year 2025. The decrease in overall sales dollars and the increase in tariffs negatively impacted gross profit in dollars and percentage of sales, reducing the leverage of fixed costs, in comparison to the corresponding prior year periods. Selling, general, and administrative expenses for the fourth quarter of fiscal year 2025 were $11,207,000, or 25% of sales, compared to $12,677,000, or 24% of sales, in the corresponding fiscal year 2024 period, and included an unfavorable currency impact of $186,000, when translating foreign expenses to U.S. dollars for financial reporting purposes. Selling, general, and administrative expenses for fiscal year 2025 were $43,248,000, or 24% of sales, compared to $46,029,000, or 25% of sales, in fiscal year 2024, and included an unfavorable currency impact of $407,000, when translating foreign expenses to U.S. dollars for financial reporting purposes. The year-over-year reductions in selling, general, and administrative expenses in both periods were primarily due to decreased tradeshow costs due to IMTS being in the fourth quarter of fiscal year 2024 and additional global cost reductions that we have implemented over the last twelve months during the continued recessed period of sales. Despite the reductions from an absolute dollar perspective, selling, general, and administrative expenses increased as a percentage of sales in the fourth quarter, compared to the corresponding prior year period, due to the lower volume of sales year-over-year. Income taxes recorded during the fourth quarter and fiscal year 2025 were a benefit of $178,000 and an expense of $2,948,000, respectively, compared to expenses of $320,000 and $6,758,000 for the corresponding periods in fiscal year 2024. The year-over-year decreases in annual income tax expenses were primarily due to an $8,449,000 non-cash change in valuation allowance recorded in the prior year on U.S. and China deferred tax assets, compared to a $4,821,000 non-cash change in valuation allowance recorded in fiscal year 2025 on U.S., China, and certain Italian deferred tax assets. Additionally, income taxes were also impacted by a change in geographic mix of income and loss that includes jurisdictions with differing tax rates and discrete items related to unvested stock compensation. We have a $13,244,000 full valuation allowance recorded against our U.S., Chinese and certain Italian deferred tax assets, and we did not record a tax benefit for our net losses in these countries. Cash and cash equivalents totaled $48,713,000 as of October 31, 2025, compared to $33,330,000 as of October 31, 2024. Working capital was $173,055,000 as of October 31, 2025, compared to $180,788,000 as of October 31, 2024. The decrease in working capital was primarily driven by decreases in inventories and accounts receivable, net, as well as increases in accounts payable and derivative liabilities, 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, and the U.S., 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: www.hurco.com. 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