Titan Machy Inc Stock Price, News & Analysis

Titan Machinery Inc. (Nasdaq: TITN) reported a strong fiscal Q3 2022, with revenue rising 25.8% to $454.0 million. Equipment sales grew 37% to $329.8 million, while parts and service revenue increased to $80.5 million and $32.0 million, respectively. GAAP EPS was $0.97, versus $0.44 last year. The company raised its EPS guidance for FY 2022 to $2.40-$2.60. Pre-tax income surged 109% to $34.3 million, reflecting robust demand in the agriculture segment. The firm is optimistic about upcoming quarters, citing strong operational leverage and momentum.

Titan Machinery Inc. (Nasdaq: TITN) will release its third-quarter financial results on November 23, 2021, for the period ending October 31, 2021. Following the release, an investor conference call is scheduled at 7:30 a.m. Central time (8:30 a.m. Eastern time). Interested parties can join the call by dialing (877) 705-6003 in the U.S. or (201) 493-6725 internationally.

A live webcast will also be available on the company's Investor Relations website and archived for 30 days, ensuring access to the results and discussion following the announcement.

Titan Machinery Inc. (Nasdaq: TITN) has signed a definitive purchase agreement to acquire Jaycox Implement, Inc., consisting of three Case IH agriculture dealerships in Minnesota and Iowa. Jaycox generated approximately $91 million in revenue over the past twelve months. The acquisition is set to close in December 2021 and is expected to be immediately accretive to earnings per diluted share. This strategic move aims to enhance Titan's presence in a productive agricultural region and leverage Jaycox's established customer service reputation.

Titan Machinery Inc. (TITN) announced robust Q2 2022 results, with revenue soaring 24.4% to $377.6 million. Equipment sales jumped 35%, driving pre-tax income up 89%. Net income rose to $11.2 million ($0.50 EPS), with adjusted EPS at $0.57. The Agriculture segment thrived, generating $219.4 million, while Construction and International segments also reported growth. Despite a gross profit margin decline to 19.9%, the company expects strong performance for the rest of the fiscal year, raising revenue and EPS guidance. Operating activities generated $28.6 million in cash.

Titan Machinery Inc. (Nasdaq: TITN) announced it will release its financial results for Q2 ended July 31, 2021, on August 26, 2021, with a conference call at 7:30 a.m. CT. Investors can participate via phone or listen to a live webcast available on their website. The webcast will be archived for 30 days. The company operates a network of agricultural and construction equipment dealerships across North America and Europe, representing several CNH Industrial brands.

Titan Machinery reported a robust 20.1% increase in revenue for Q1 FY2022, totaling $372.7 million. Equipment sales surged by 26%, with a notable pre-tax income growth of 82% in the Agriculture segment. Adjusted earnings per share rose to $0.46, up from $0.15 year-over-year. Operating expenses increased but remained a lower percentage of revenue at 15.1%. The Company revised its fiscal 2022 modeling assumptions upward, expecting segment revenue increases in Agriculture (15-20%), Construction (2-7%), and International (17-22%).

Titan Machinery Inc. (Nasdaq: TITN) will release its financial results for the first quarter ended April 30, 2021, on May 27, 2021. A live investor conference call is scheduled for 7:30 a.m. Central time (8:30 a.m. Eastern time) to discuss these results. Investors can join the call by dialing (877) 705-6003 from the U.S. or (201) 493-6725 from international locations. The call will be replayed until June 10, 2021. A live webcast will also be available on the company's Investor Relations website and archived for 30 days.

Titan Machinery reported an 8.1% revenue increase for Fiscal 2021, totaling $1.4 billion. GAAP EPS rose to $0.86 while adjusted EPS grew 50% to $1.26. The fourth quarter saw revenues of $436.7 million, with equipment revenue up 35%. Agricultural segment revenue surged to $303.2 million, marking a pre-tax income of $7.9 million. The company expects 10-15% growth in Agriculture and up to 17% in International for Fiscal 2022, despite challenges posed by the pandemic. Adjusted EBITDA improved 24.6% to $65.4 million.

Titan Machinery Inc. (Nasdaq: TITN) will report its financial results for the fourth quarter and full year ended January 31, 2021, on March 18, 2021. Following the release, an investor conference call is scheduled for 7:30 a.m. CT (8:30 a.m. ET). Interested investors can join the live call by dialing (877) 705-6003 for U.S. callers or (201) 493-6725 for international participants. A replay will be available until April 1, 2021. The company operates agricultural and construction equipment stores across North America and Europe, representing CNH Industrial Brands.