Titan Machinery Q2 revenue +24.4% to $377.6M; raises FY2022 EPS guidance to $2.00-$2.20

Titan Machinery Inc.

2022-Q2 EPS reported $0.97 revenue$750,334,000

GAAP EPS $0.50 (diluted) vs $0.28 last year; adjusted EPS $0.57 vs $0.29.
Agriculture segment pre-tax income up 78% to $12.1M; Construction up 100% to $2.8M.
International segment improved to $0.4M pre-tax income from -$0.4M; $1.5M impairment.
FY2022 EPS guidance raised to $2.00-$2.20 from $1.65-$1.85; Agriculture revenue growth now 18-23%.
Adjusted EBITDA $23.5M in Q2 vs $15.8M; net cash provided by ops $28.6M YTD.

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