Titan Machinery Q1 revenue up 23.6% to $569.6M; EPS $1.19 beats prior year $0.78

Titan Machinery Inc.

2024-Q1 EPS reported $1.19 revenue$569,631,000

Revenue $569.6M vs $461.0M YoY; gross margin expanded 160 bps to 20.8%.
Diluted EPS $1.19, up 55% from $0.78; EBITDA $43.6M, up 45.7%.
Agriculture segment revenue $423.2M (+33%); pre-tax income $24.2M vs $16.4M.
Construction revenue $72.0M (+7.5%); International revenue $74.4M (-1.5% due to FX).
Reiterates FY2024 EPS guidance $4.50-$5.10; inventory rose to $854.2M.

item 2.02 item 9.01 item 99.1

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Titan Machinery Inc. reported first quarter ended April 30, 2023 results: revenue $569.6 million, net income $27.0 million, EPS $1.19. Guidance reaffirmed.

Period: first quarter ended April 30, 2023
Revenue: $569.6 million
Net income: $27.0 million
EPS: $1.19
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Titan Machinery Inc. Announces Results for Fiscal First Quarter Ended April 30, 2023 - Revenue for First Quarter of Fiscal 2024 Increased 23.6% to $569.6 million - - First Quarter of Fiscal 2024 EPS Increased 55% to $1.19 - - Reiterates Fiscal 2024 EPS Modeling Assumption Range of $4.50-$5.10 -

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Source: SEC EDGAR

accession 0001409171-23-000039

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