Titan Machinery Inc.

16.57+0.05 (+0.3%)

Oct 29, 4:00:00 PM EDT · NasdaqGS · TITN · USD

Upcoming Earnings

Report date

Nov 25, 2025 (in 26 days)

Key Stats

Market Cap

387.29M

P/E (TTM)

Basic EPS (TTM)

-2.70

Dividend Yield

Recent Filings

10-Q

Q2 FY2026 results

9/4/25Sep 4, 2025

Titan Machinery's Q2 FY2026 revenue fell 13.8% y/y to $546.4M, driven by a 19.1% drop in equipment sales amid softening agricultural demand, while parts and service held steady with gross margins of 31.7% and 64.2%. Gross profit dipped 16.7% to $93.6M, yielding a 17.1% margin versus 17.7% last year, as equipment margins contracted to 6.6% from 9.2%; operating income shrank to $0.7M from $15.8M, but net loss widened modestly to $6.0M or $0.26 per diluted share from $4.3M or $0.19, with EPS aligning to 22,764 weighted shares. Europe surged 44% on stimulus-fueled equipment buys, offsetting agriculture's 18.5% decline, yet Australia halved after backlog clearance. Cash stood at $32.7M with $49.9M YTD operating cash flow; total debt eased to $164.5M, bolstered by $1.5B floorplan availability sans covenant breaches. The May 2025 Farmers Implement acquisition added $13.4M cash outlay and $1.4M goodwill in agriculture. Inventory turns slowed. Tariffs threaten export-sensitive farm income.

8-K

Titan Q2 revenue falls 13.8%

8/28/25Aug 28, 2025

Titan Machinery reported Q2 fiscal 2026 revenue of $546.4 million, down 13.8% from last year, with equipment sales dropping sharply to $376.3 million amid weak agricultural demand from low commodity prices and high rates. Gross profit fell to $93.6 million at 17.1% margin, while operating expenses dipped to $92.7 million, yielding a $6.0 million net loss. Inventory held steady at $1.1 billion; the company now eyes exceeding its $100 million reduction target by fiscal year-end. Europe surged 38.1% on stimulus, but Australia plunged 48.7% post-backlog. Guidance tightened to adjusted loss per share of ($1.50) to ($2.00). Inventory pressures persist.

10-Q

Q1 FY2026 results

6/5/25Jun 5, 2025

Titan Machinery's Q1 FY2026 revenue fell 5.5% y/y to $594.3M, driven by a 14.1% drop in agriculture equipment sales amid declining farm income, while Europe surged 44.2% on stimulus demand. Gross profit plunged 25.3% to $90.9M with margins shrinking to 15.3% from 19.4%, yielding an operating loss of $5.7M versus $22.6M income last year; net loss hit $13.2M or $0.58/share, down from $9.4M profit, as higher interest and a $0.3M impairment widened the gap. Cash dipped to $21.5M with $6.2M operating cash flow, supporting $5.2M capex; total debt stood at $165.3M under $1.5B facilities, with waivers on key covenants. No non-GAAP metrics disclosed in the 10-Q. Europe offsets U.S. softness, but tariffs threaten export-sensitive ag demand.

8-K

Annual meeting elects directors

6/3/25Jun 3, 2025

Titan Machinery's stockholders convened their annual meeting on June 2, 2025, electing Frank Anglin, Richard Lewis, and David Meyer to the board for three-year terms amid some withheld votes. They approved executive compensation in a non-binding vote and ratified Deloitte & Touche as auditors for the fiscal year ending January 31, 2026. Votes sailed through decisively. This signals steady governance continuity for the machinery dealer.

8-K

Titan Q1 revenue dips, loss widens

5/22/25May 22, 2025

Titan Machinery reported Q1 fiscal 2026 revenue of $594.3 million, down 5.5% from last year, with a net loss of $13.2 million or $0.58 per share, versus prior-year income of $9.4 million. Agriculture sales fell 14.1% to $384.4 million amid weak farm income and high rates, while Europe surged 44.2% to $93.9 million on EU stimulus in Romania. Gross margins slipped to 15.3% from 19.4% due to inventory management. The company holds EPS guidance but updated Europe revenue higher and Australia lower. Inventory optimization drives stability.

About

Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. The company operates through four segments: Agriculture, Construction, Europe, and Australia. It sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers. The company's agricultural equipment includes machinery and attachments for use in the production of food, fiber, feed grain, feed stock, and renewable energy; and home and garden applications, as well as maintenance of commercial, residential, and government properties. It's construction equipment comprises heavy construction machinery, light industrial machinery for commercial and residential construction, and road and highway construction machinery. The company also sells maintenance and replacement parts. In addition, it offers repair and maintenance services that include warranty repairs, off-site and on-site repair services, scheduling off-season maintenance services, and notifying customers of periodic service requirements; and training programs to customers. Further, the company rents equipment; and provides ancillary equipment support services, such as equipment transportation, global positioning system signal subscriptions and other precision farming products, farm data management products, and industrial finance and insurance products. It operates in Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, South Dakota, Washington, Wisconsin, and Wyoming, the United States; Bulgaria, Germany, Romania, and Ukraine, Europe; and New South Wales, South Australia, and Victoria, Australia. The company was founded in 1980 and is headquartered in West Fargo, North Dakota.

CEO

Mr. David Joseph Meyer

IPO

12/13/2007

Website

https://www.titanmachinery.com

Employees

3,340

Sector

Industrials

Industry

Industrial Distribution