Titan Machinery Inc. (NASDAQ:TITN) Q1 2025 Earnings Conference Call May 23, 2024 8:30 AM ET Company Participants Jeff Sonnek - Investor Relations, ICR Bryan Knutson - President and Chief Executive Officer Bo Larsen - Chief Financial Officer and Treasurer Conference Call Participants Ben Klieve - Lake Street Capital Mircea Dobre - Baird Edward Jackson - Northland Securities Operator Greetings. Welcome to Titan Machinery's First Quarter Fiscal 2025 Earnings Conference Call. At this time, all participants are ...

Titan Machinery (TITN) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -38.81%. A quarter ago, it was expected that this agriculture and construction equipment seller would post earnings of $0.99 per share when it actually produced earnings of $1.05, delivering a surprise of 6.06%. O ...

Titan Machinery Inc. Announces Results for Fiscal First Quarter Ended April 30, 2024 - Updates Fiscal 2025 Modeling Assumptions - West Fargo, ND – May 23, 2024 – Titan Machinery Inc. (Nasdaq: TITN) ("Titan" or the "Company"), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal first quarter ended April 30, 2024. "Our first quarter results reflected an industry-wide transition to a more challenging market environment, characterized ...

WEST FARGO, N.D., May 23, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN) ("Titan" or the "Company"), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal first quarter ended April 30, 2024. "Our first quarter results reflected an industry-wide transition to a more challenging market environment, characterized by softening demand and excess supply of inventory in many product categories as OEM delivery timelines returne ...

WEST FARGO, N.D., May 23, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (Nasdaq: TITN) ("Titan" or the "Company"), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal first quarter ended April 30, 2024. "Our first quarter results reflected an industry-wide transition to a more challenging market environment, characterized by softening demand and excess supply of inventory in many product categories as OEM delivery timelines return ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ___________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED JANUARY 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-33866 ___________________________________________ TITAN MACHINERY INC. (Exact name of registrant as specified in its charter) (State or Othe ...

Titan Machinery Inc. (NASDAQ:TITN) Q4 2024 Earnings Conference Call March 21, 2024 8:30 AM ET Company Participants Jeff Sonnek - Investor Relations Bryan Knutson - President and Chief Executive Officer Bo Larsen - Chief Financial Officer Conference Call Participants Ted Jackson - Northland Securities Larry De Maria - William Blair Joe Grabowski - R. W. Baird Ben Klieve - Lake Street Capital Markets Alex Rygiel - B. Riley Ted Jackson - Northland Securities Operator Greetings. Welcome to the Titan Machinery I ...

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Revenue Growth - Revenue for Fiscal 2024 increased 24.9% to a record $2.8 billion[7] - Revenue for Q4 2024 increased to $852.1 million, up 46.2% from $583.0 million in Q4 2023[26] - Equipment revenue for Q4 2024 was $714.0 million, a 51.6% increase from $471.0 million in Q4 2023[26] - Agriculture segment revenue for Q4 2024 was $620.6 million, a 40.8% increase year-over-year[15] - Construction segment revenue for Q4 2024 was $100.1 million, up 17.7% year-over-year[16] - Agriculture segment revenue for Q4 2024 was $620.593 million, a 40.8% increase from $440.891 million in Q4 2023[35] - Construction segment revenue for Q4 2024 was $100.095 million, a 17.7% increase from $85.067 million in Q4 2023[35] Segment Performance - Europe segment revenue for Q4 2024 was $61.6 million, a 3.6% increase excluding foreign currency effects[17] - Australia segment revenue for Q4 2024 was $69.8 million[18] Profitability and Margins - Record Fiscal 2024 EPS of $4.93, an increase of 9.8%[7] - Gross profit for Q4 2024 was $141.0 million, with a gross profit margin of 16.6%, down from 18.7% in Q4 2023[27] - Net income for Q4 2024 was $23.963 million, compared to $18.112 million in Q4 2023[32] EBITDA and Cash Flow - EBITDA for Q4 2024 was $45.3 million, a 42.2% increase year-over-year[14] - EBITDA for Q4 2024 was $45.270 million, up from $31.838 million in Q4 2023[37] - Net cash used for operating activities in Fiscal 2024 was $32.3 million, compared to $10.8 million provided in Fiscal 2023[22] - Cash at the end of the period was $38.066 million, down from $43.913 million at the beginning of the period[33] Inventory and Assets - Inventories increased to $1.3 billion as of January 31, 2024, up from $703.9 million the previous year[20] - Total assets increased to $1,992.261 million in 2024, up from $1,188.695 million in 2023[25] Future Outlook - Fiscal 2025 modeling assumptions include Agriculture segment revenue growth of Flat - Up 5% and Construction segment revenue growth of Up 3 - 8%[1] - The company expects consolidated revenue growth in fiscal 2025, driven by the O'Connors acquisition and steady growth in parts and service business[28]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File No. 001-33866 TITAN MACHINERY INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of ...