---
schema_version: "secwatch.filing_event.v1"
accession: "0001409171-24-000102"
form_type: "8-K"
ticker: "TITN"
cik: "0001409171"
company_name: "Titan Machinery Inc."
filed_at: "2024-11-26T23:59:59+00:00"
generated_at: "2026-05-29T17:44:36.149048+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Titan Machinery Q3 EPS $0.07 vs $1.32 last year; cuts fiscal 2025 guidance

## Summary
- Net income $1.7M ($0.07 diluted EPS) vs $30.2M ($1.32) last year; revenue $679.8M down 2% YoY.
- Gross margin fell to 16.3% from 19.9% due to lower equipment margins and inventory reduction strategy.
- Inventory reduced ~$115M sequentially to $1.4B; floorplan payables $1.0B.
- Lowered fiscal 2025 diluted EPS guidance to ($0.61)-($0.11) from ($0.36)-$0.14; adjusted EPS to ($0.25)-$0.25.
- Europe segment revenue down 27.2% on weaker demand and drought; Australia revenue outlook cut to $220M-$230M USD.

## SEC filing metadata
- accession: 0001409171-24-000102
- form_type: 8-K
- ticker: TITN
- cik: 0001409171
- company_name: Titan Machinery Inc.
- filed_at: 2024-11-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01, 99.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409171/000140917124000102/0001409171-24-000102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409171/000140917124000102/titn-20241126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001409171-24-000102
- JSON: https://secwatch.observer/filing/0001409171-24-000102.json
- Plain text: https://secwatch.observer/filing/0001409171-24-000102.txt

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