secwatch.observer — SEC 8-K summary
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Issuer:     Titan Machinery Inc. (TITN)
CIK:        0001409171
Form:       8-K
Filed at:   2021-11-23T23:59:59+00:00
Accession:  0001409171-21-000086
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409171/000140917121000086/0001409171-21-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409171/000140917121000086/titn-20211123.htm
  HTML page:      https://secwatch.observer/filing/0001409171-21-000086

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