Hurco Companies Q2 revenue rises on high-performance machine demand
Hurco Companies, Inc. HURC | 0.00 |
Overview
US CNC machine tool maker's fiscal Q2 revenue rose 17% yr/yr; net loss narrowed
Company's gross margin expanded to 22% from 19% on higher sales of high-performance machines
Orders jumped 41% yr/yr, led by Americas and Asia Pacific demand for 5-axis machines
Outlook
Company did not provide specific guidance for the current quarter or full year
Result Drivers
HIGH-PERFORMANCE MACHINE DEMAND - Increased shipments and orders of Hurco 5-axis and higher-performance vertical milling machines, especially in the Americas and Asia Pacific, drove revenue growth
FAVORABLE PRODUCT MIX & PRICING - Gross margin expanded due to a greater mix of higher-performance machine sales and disciplined pricing, with minor benefits from price increases and tariff refunds
EUROPEAN SALES WEAKNESS - European sales declined due to lower shipments of Hurco machines and LCM components, partly offset by increased Takumi machine shipments
Company press release: ID:nGNX8ymNj2
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q2 Net Income |
|
-$2.37 mln |
|
Q2 Gross Margin |
|
22.00% |
|
Q2 Capex |
|
$728,000 |
|
Q2 Gross Profit |
|
$10.33 mln |
|
Q2 Operating Income |
|
-$799,000 |
|
Q2 Pretax Profit |
|
-$1.60 mln |
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