---
schema_version: "secwatch.filing_event.v1"
accession: "0001409171-23-000066"
form_type: "8-K"
ticker: "TITN"
cik: "0001409171"
company_name: "Titan Machinery Inc."
filed_at: "2023-08-31T23:59:59+00:00"
generated_at: "2026-06-11T01:06:11.026893+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Titan Q2 EPS $1.38, rev $642.6M (+29% YoY); acquires O'Connors in Australia

## Summary
- Q2 FY2024 revenue $642.6M (+29.4%), diluted EPS $1.38 vs $1.10, net income $31.3M.
- Acquiring J.J. O'Connor & Sons, largest Case IH dealer in Australia; Oct 2023 close expected with partial-year rev $70-90M.
- Construction guidance raised to +5-10% (from flat); Europe lowered to +5-10% (from +8-13%); Agriculture reaffirmed +20-25%.
- FY2024 diluted EPS guidance $4.60-$5.25 includes ~$0.10-$0.15 from O'Connors; underlying ex-O'Connors $4.50-$5.10.
- Inventory $979.4M (up 39% since Jan 31); operating cash flow used $122.7M in H1 due to inventory build.

## SEC filing metadata
- accession: 0001409171-23-000066
- form_type: 8-K
- ticker: TITN
- cik: 0001409171
- company_name: Titan Machinery Inc.
- filed_at: 2023-08-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01, 99.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409171/000140917123000066/0001409171-23-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409171/000140917123000066/titn-20230831.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001409171-23-000066
- JSON: https://secwatch.observer/filing/0001409171-23-000066.json
- Plain text: https://secwatch.observer/filing/0001409171-23-000066.txt

## Key facts
- Earnings Releases
  Titan Machinery Inc. reported fiscal second quarter ended July 31, 2023 results: revenue $642.6 million, net income $31.3 million, EPS $1.38.
  - Period: fiscal second quarter ended July 31, 2023
  - Revenue: $642.6 million
  - Net income: $31.3 million
  - EPS: $1.38
  - Result: reported results
  source text: Titan Machinery Inc. Announces Results for Fiscal Second Quarter Ended July 31, 2023 - Revenue for Second Quarter of Fiscal 2024 Increased 29.4% to $642.6 million - - Second Quarter of Fiscal 2024 EPS Increased 25% to $1.38
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409171/000140917123000066/0001409171-23-000066-index.htm

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