---
schema_version: "secwatch.filing_event.v1"
accession: "0001409171-23-000039"
form_type: "8-K"
ticker: "TITN"
cik: "0001409171"
company_name: "Titan Machinery Inc."
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:20:21.932333+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001409171-23-000039
- form_type: 8-K
- ticker: TITN
- cik: 0001409171
- company_name: Titan Machinery Inc.
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01, 99.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409171/000140917123000039/0001409171-23-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409171/000140917123000039/titn-20230525.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001409171-23-000039
- JSON: https://secwatch.observer/filing/0001409171-23-000039.json
- Plain text: https://secwatch.observer/filing/0001409171-23-000039.txt

## Key facts
- Earnings Releases
  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
  source text: 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 -
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409171/000140917123000039/0001409171-23-000039-index.htm

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