---
schema_version: "secwatch.filing_event.v1"
accession: "0001409171-22-000083"
form_type: "8-K"
ticker: "TITN"
cik: "0001409171"
company_name: "Titan Machinery Inc."
filed_at: "2022-11-30T23:59:59+00:00"
generated_at: "2026-06-21T11:36:03.912603+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Titan Machinery Q3 EPS $1.82 beats prior; raises FY2023 EPS guidance to $4.55-$4.85

## Summary
- Revenue $668.8M (+47.3% YoY); EPS $1.82 vs $0.97; net income $41.3M.
- Raises FY2023 EPS guidance to $4.55-$4.85 from $3.70-$4.00; Agriculture revenue growth raised to 55-60%.
- Adjusted EBITDA $63.5M (+80% YoY); pre-tax margin 8.2% (record).
- CFO transition: Bo Larsen to succeed Mark Kalvoda effective Dec 1, 2022.
- Inventories increased to $630.4M; operating cash flow negative $7.1M YTD vs +$72.3M prior year due to inventory build.

## SEC filing metadata
- accession: 0001409171-22-000083
- form_type: 8-K
- ticker: TITN
- cik: 0001409171
- company_name: Titan Machinery Inc.
- filed_at: 2022-11-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01, 99.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409171/000140917122000083/0001409171-22-000083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409171/000140917122000083/titn-20221130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001409171-22-000083
- JSON: https://secwatch.observer/filing/0001409171-22-000083.json
- Plain text: https://secwatch.observer/filing/0001409171-22-000083.txt

## Key facts
- Earnings Releases
  Titan Machinery Inc. reported third quarter of fiscal 2023 ended October 31, 2022 results: revenue $668.8 million, net income $41.3 million, EPS $1.82. Guidance raised.
  - Period: third quarter of fiscal 2023 ended October 31, 2022
  - Revenue: $668.8 million
  - Net income: $41.3 million
  - EPS: $1.82
  - Guidance: raised
  - Result: reported results
  source text: Titan Machinery Inc. Announces Results for Fiscal Third Quarter Ended October 31, 2022 - Revenue for Third Quarter of Fiscal 2023 Increased 47.3% to $668.8 million - - Third Quarter of Fiscal 2023 EPS Increased 88% to a Record $1.82 - - Increases Fiscal 2023 EPS Modeling Assumption in Range of $4.55-$4.85 -
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409171/000140917122000083/0001409171-22-000083-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.