earnings
confidence high
sentiment negative
materiality 0.65
Titan Q2 FY27 loss widens to $9.2M; revenue down 9%; reaffirms FY27 EPS guidance
Titan Machinery Inc.
- Revenue $496.4M vs $546.4M YoY (-9.1%); net loss $9.2M (-$0.40/sh) vs -$6.0M (-$0.26/sh) prior year.
- Gross margin expanded 150 bps to 18.6% on stronger equipment margins and parts/service mix; Adjusted EBITDA $4.6M vs $5.6M.
- Ag revenue down 8.4% same-store to $310.2M, pre-tax loss improved to -$3.3M; Construction revenue up 9.2% to $78.6M, pre-tax income $0.4M.
- Europe revenue fell 33.7% ex-FX to $66.1M incl. ~$11M German wind-down; Australia revenue up 22.5% ex-FX to $41.4M.
- FY27 guidance: reaffirms adjusted EPS loss $1.25-$1.75 and EBITDA $17-29M; cuts Europe revenue outlook to -30/-40%, raises Construction to +5/+10% and Australia to +15/+20%.