TITN
Titan Machinery Inc.16.22
+0.07+0.43%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
379.11MP/E (TTM)
-Basic EPS (TTM)
-2.72Dividend Yield
0%Recent Filings
10-Q
8-K
10-Q
Q2 FY2026 results
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%
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
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.
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