Highest-materiality recent filing
Titan Q2 FY27 loss widens to $9.2M; revenue down 9%; reaffirms FY27 EPS guidance
Revenue $496.4M vs $546.4M YoY (-9.1%); net loss $9.2M (-$0.40/sh) vs -$6.0M (-$0.26/sh) prior year.
Titan Machinery Q1 FY2027: revenue down 12% to $522.4M, net loss narrows to $12.6M
Revenue $522.4M vs $594.3M YoY; equipment revenue $364.7M vs $436.8M.
Titan Machinery Q4 loss $1.59/sh; FY2027 sees further ag revenue decline of 15-20%
Q4 revenue $641.8M (-15.5% YoY); net loss $36.2M ($1.59 loss per share) includes $17.8M deferred tax valuation allowance.
Titan Machinery Q3 revenue $644.5M, EPS $0.05; inventory reduction target raised to $150M
Q3 revenue $644.5M (down 5.2% YoY); diluted EPS $0.05 vs $0.07; net income $1.2M.
Titan Machinery Q2 Fiscal 2026: Net Loss $6.0M, Revenue Down 13.8% to $546.4M
Agriculture segment revenue fell 18.4% to $345.8M; same-store sales down 18.7%.
Titan Machinery Q1 net loss $13.2M; raises Europe guidance, lowers Australia
Q1 revenue $594.3M (down 5.5% YoY); net loss $0.58/sh vs $0.41 EPS prior year.
Titan Machinery posts Q4 loss of $1.93/shr; FY2026 adjusted loss guidance $(1.25)-$(2.00)
Q4 FY2025 revenue $759.9M (down 10.8% YoY); net loss $43.8M vs prior year net income $24.0M.
Titan Machinery Q4 FY2025 net loss $43.8M; guides FY2026 adj EPS loss ($1.25)-($2.00)
Net loss of $43.8M ($1.93 loss per diluted share) vs net income of $24.0M ($1.05 EPS) a year ago.
Titan Machinery Q3 EPS $0.07 vs $1.32 last year; cuts fiscal 2025 guidance
Net income $1.7M ($0.07 diluted EPS) vs $30.2M ($1.32) last year; revenue $679.8M down 2% YoY.
Titan Machinery Q2 FY2025 net loss $4.3M, EPS -$0.19; reiterates weak FY guidance
Revenue $633.7M, down 1.4% YoY; gross margin fell to 17.7% from 20.8% on lower equipment margins.
Titan Machinery prelim Q2 rev $634M, adj EPS $0.17; FY25 adj EPS guided to $0.00-$0.50
Prelim Q2 revenue ~$634M; GAAP pre-tax loss $4.3M, adj pre-tax income $6.9M.
Titan Machinery ups credit facility to $500M, adds Australian borrower, extends maturity to 2029
New $500M secured facility: $395M floorplan + $105M revolver, replacing prior $350M facility.
Titan Machinery Q1 EPS drops to $0.41; cuts FY2025 guidance on softening demand
Revenue $628.7M (+10.4% YoY) but net income $9.4M ($0.41 diluted EPS) vs $27.0M ($1.19) prior year.
Titan Machinery reports record FY2024 revenue $2.8B, EPS $4.93; guides FY2025 EPS $3.00-$3.50
FY2024 revenue +24.9% to record $2.8B; diluted EPS $4.93 vs $4.49 prior year.
Titan Machinery Q3 FY2024 EPS $1.32; revenue $694.1M record; updates FY guidance
Revenue $694.1M (+3.8% YoY); net income $30.2M vs $41.3M; diluted EPS $1.32 vs $1.82.
CEO David Meyer to become Executive Chairman; Bryan Knutson to succeed as CEO effective Feb 1, 2024
David Meyer, founder and CEO since 1980, transitions to Executive Chairman effective Feb 1, 2024.
Titan Q2 EPS $1.38, rev $642.6M (+29% YoY); acquires O'Connors in Australia
Q2 FY2024 revenue $642.6M (+29.4%), diluted EPS $1.38 vs $1.10, net income $31.3M.
Titan Machinery Q1 revenue up 23.6% to $569.6M; EPS $1.19 beats prior year $0.78
Revenue $569.6M vs $461.0M YoY; gross margin expanded 160 bps to 20.8%.
Titan Machinery reports record FY2023 EPS $4.49; FY2024 guidance $4.50-$5.10
Revenue $2.2B, up 29.1% YoY; record GAAP EPS $4.49 and adjusted EPS $4.52, up ~51.7% YoY.
Titan Machinery Q3 EPS $1.82 beats prior; raises FY2023 EPS guidance to $4.55-$4.85
Revenue $668.8M (+47.3% YoY); EPS $1.82 vs $0.97; net income $41.3M.
Titan Machinery appoints Bo Larsen as CFO; effective Dec 1, 2022; replaces Mark Kalvoda
Robert (Bo) Larsen, 37, named CFO and Treasurer; joins from CNH Industrial precision technology group.
Revenue $496.5M (+31.5% YoY); net income $25.0M vs $11.2M; diluted EPS $1.10 vs $0.50.
Titan Machinery completes acquisition of Heartland Companies for ~$95.5M
Acquired all membership interests of Heartland Agriculture, LLC, Heartland Solutions, LLC, and Heartland Leverage Lender, LLC.
Titan Machinery to acquire Heartland Ag companies for ~$110M in cash, expanding Case IH stores
Base purchase price of $90M, expected to increase by ~$20M to ~$110M via working capital and PP&E adjustments.
Titan Machinery Q1 revenue up 23.7% to $461M, EPS $0.78; raises FY2023 guidance
Revenue $461.0M (+23.7% YoY); GAAP EPS $0.78, adjusted EPS $0.79 (vs $0.46 prior year).
Full-year FY2022 revenue $1.7B (+21.3% YoY); GAAP EPS $2.92, Adj EPS $2.98 (up 173% YoY).
Revenue $454M (+25.8% YoY); GAAP EPS $0.97, adjusted EPS $0.96; net income $21.8M.
Titan Machinery Q2 revenue +24.4% to $377.6M; raises FY2022 EPS guidance to $2.00-$2.20
GAAP EPS $0.50 (diluted) vs $0.28 last year; adjusted EPS $0.57 vs $0.29.
The Board of Directors (the “ Board ”) of Titan Machinery Inc. (the “ Company ”) elected Richard E. Lewis as a director of the Company with a term commencing on February 1, 2024.
On October 18, 2023, Titan Machinery Inc. (the “Company”) announced the implementation of a leadership transition plan whereby David J. Meyer, the Company’s current Chief Executive Officer, will transition the role of Chief Executive Officer to Bryan J. Knutson, the Company’s current President and Chief Operating Officer, effective February 1, 2024, and Mr. Knutson will thereafter hold the position of President and Chief Executive Officer.
the Board voted to increase in the size of the Board from seven directors to eight directors and elected Mr. Knutson as a director of the Company, in each case effective as of February 1, 2024.
Mr. Knutson will thereafter hold the position of President and Chief Executive Officer.
The Company’s current Chief Financial Officer and Treasurer, Mark Kalvoda, will retain those offices until the effective date of Mr. Larsen’s appointment.
On September 30, 2022, Titan Machinery Inc. (the “Company”) announced the appointment of Robert Larsen, age 37, as the Company’s Chief Financial Officer and Treasurer, effective December 1, 2022.
On April 20, 2022, Mark Kalvoda, the Chief Financial Officer of Titan Machinery, Inc. (the “Company”), provided notice of his decision to resign his employment with the Company.
The Board of Directors (the “ Board ”) of Titan Machinery Inc. (the “ Company ”) elected Frank A. Anglin III as a director of the Company with a term commencing on February 1, 2022.
Max materiality 0.90 · Median 0.75 · Most common event earnings