Titan Machy Inc Stock Price, News & Analysis

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.

Titan Machinery Inc. (Nasdaq: TITN) announced a fireside chat featuring its management team at the 2021 ICR Conference, scheduled for January 11-14, 2021. The chat will occur on January 12 at 2:30 PM Eastern Time.

David Meyer, Chairman and CEO, Mark Kalvoda, CFO, and Bryan Knutson, COO, will represent the company. Titan Machinery operates a network of agricultural and construction equipment stores across North America and Europe, representing various CNH Industrial Brands. For more details, visit titanmachinery.com.

Titan Machinery (TITN) reported a revenue of $360.9 million for the third quarter of fiscal 2021, showing stability compared to the previous year. GAAP EPS was $0.44, with adjusted EPS at $0.58, reflecting operational efficiency and strong parts and service performance. The company increased its fiscal 2021 guidance due to favorable market conditions in agriculture. However, the International segment faced challenges, resulting in a $2.4 million pre-tax loss. Overall, net income rose to $9.9 million, supported by improved cash flow and managed expenses.

Titan Machinery Inc. (Nasdaq: TITN) announced it will release its third-quarter financial results for the period ending October 31, 2020, on November 24, 2020. Investors can participate in a conference call at 7:30 a.m. Central time. A replay will be available two hours post-call until December 8, 2020. Additionally, a live webcast of the call will be accessible on the company's website. Titan Machinery operates a network of agricultural and construction equipment dealerships across North America and Europe, representing brands such as Case IH and New Holland.