Titan Machinery Q3 revenue up 25.8% to $454M; EPS $0.97 vs $0.44; raises FY22 EPS guidance to $2.40-$2.60

Titan Machinery Inc.

2022-Q3 EPS reported $1.93 revenue$1,204,311,000

Revenue $454M (+25.8% YoY); GAAP EPS $0.97, adjusted EPS $0.96; net income $21.8M.
Agriculture record pre-tax margin 7%; Construction same-store sales +11.1%; International pre-tax $6.3M vs loss.
Raises FY22 diluted EPS guidance to $2.40-$2.60 from $2.00-$2.20; ag revenue growth now +23-28%.
Agrees to acquire Jaycox Implement (3 Case IH dealerships) for cash; trailing revenue ~$91M; close early Dec.
Cash $90.5M; operating cash flow $72.3M YTD; inventory $412.7M, down slightly.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.