earnings
confidence high
sentiment negative
materiality 0.75
Titan Machinery Q1 EPS drops to $0.41; cuts FY2025 guidance on softening demand
Titan Machinery Inc.
2025-Q1 EPS reported
$0.41
revenue$628,703,000
- Revenue $628.7M (+10.4% YoY) but net income $9.4M ($0.41 diluted EPS) vs $27.0M ($1.19) prior year.
- Gross margin fell to 19.4% from 20.8%; floorplan interest expense surged to $9.5M from $2.5M.
- Agriculture pre-tax income halved to $13.0M despite 5.8% revenue growth; Construction pre-tax income $0.3M vs $4.5M.
- Updated FY2025 guidance: Diluted EPS $2.25-$2.75 (from $3.00-$3.50); Agriculture revenue now down 2.5% to up 2.5%.
- Management cites softening demand, excess inventory, and high interest rates; focuses on cost control and inventory management.