Titan Machinery reports record FY2023 EPS $4.49; FY2024 guidance $4.50-$5.10

Titan Machinery Inc.

2023-FY EPS reported $4.49 revenue$2,209,306,000

Revenue $2.2B, up 29.1% YoY; record GAAP EPS $4.49 and adjusted EPS $4.52, up ~51.7% YoY.
Q4 revenue $583M vs $507.6M; Q4 adjusted EPS $0.81 vs $0.99, impacted by delayed equipment shipments.
Agriculture revenue up 27% YoY in Q4; construction same-store sales up 27.8% offset by divestitures.
FY2024 guidance: diluted EPS $4.50-$5.10, Ag revenue up 20-25%, Construction flat to +5%, International +8-13%.
Inventories increased to $703.9M from $421.8M; operating cash flow $10.8M vs $158.9M due to inventory build.

item 2.02 item 9.01 item 99.1

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Titan Machinery Inc. reported financial results for for its fourth quarter and fiscal year ended January 31, 2023.

Period: for its fourth quarter and fiscal year ended January 31, 2023
Result: reported results

Exact text from the filing

On March 16, 2023, Titan Machinery Inc. (the "Company") issued a press release announcing its financial results for its fourth quarter and fiscal year ended January 31, 2023.

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Source: SEC EDGAR

accession 0001409171-23-000003

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