earnings
confidence high
sentiment negative
materiality 0.75
Titan Machinery Q3 FY2024 EPS $1.32; revenue $694.1M record; updates FY guidance
Titan Machinery Inc.
2024-Q3 EPS reported
$3.88
revenue$1,906,312,000
- Revenue $694.1M (+3.8% YoY); net income $30.2M vs $41.3M; diluted EPS $1.32 vs $1.82.
- Agriculture segment revenue $531.4M (+7.7% YoY); pre-tax income $35.1M vs $42.0M.
- Construction segment revenue $77.5M (-10.3% YoY); Europe segment revenue $85.2M (-4.3% on a reported basis).
- Closed acquisition of J.J. O'Connor & Sons (Australia) on Oct 2, 2023; segment results start Q4.
- FY2024 EPS guidance narrowed to $4.60-$5.25; Agriculture revenue growth guided 20-23% (prev. 20-25%).