---
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"
generated_at: "2026-06-01T09:08:09.826325+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Titan Machinery Q1 EPS drops to $0.41; cuts FY2025 guidance on softening demand

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/1409171/000140917124000045/0001409171-24-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409171/000140917124000045/titn-20240523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001409171-24-000045
- JSON: https://secwatch.observer/filing/0001409171-24-000045.json
- Plain text: https://secwatch.observer/filing/0001409171-24-000045.txt

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