{"schema_version":"secwatch.filing_event.v1","accession":"0001409171-24-000045","form_type":"8-K","ticker":"TITN","cik":"0001409171","company_name":"Titan Machinery Inc.","filed_at":"2024-05-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.289911+00:00","generated_at":"2026-06-01T09:08:09.826325+00:00","sec_items":["2.02","9.01","99.1"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Titan Machinery Q1 EPS drops to $0.41; cuts FY2025 guidance on softening demand","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001409171-24-000045","json":"https://secwatch.observer/filing/0001409171-24-000045.json","markdown":"https://secwatch.observer/filing/0001409171-24-000045.md","text":"https://secwatch.observer/filing/0001409171-24-000045.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1409171/000140917124000045/0001409171-24-000045-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1409171/000140917124000045/titn-20240523.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T09:08:09.826325+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}