Revenue Growth - Revenue for Fiscal 2024 increased 24.9% to a record 2.8billion[7]−RevenueforQ42024increasedto852.1 million, up 46.2% from 583.0millioninQ42023[26]−EquipmentrevenueforQ42024was714.0 million, a 51.6% increase from 471.0millioninQ42023[26]−AgriculturesegmentrevenueforQ42024was620.6 million, a 40.8% increase year-over-year[15] - Construction segment revenue for Q4 2024 was 100.1million,up17.7620.593 million, a 40.8% increase from 440.891millioninQ42023[35]−ConstructionsegmentrevenueforQ42024was100.095 million, a 17.7% increase from 85.067millioninQ42023[35]SegmentPerformance−EuropesegmentrevenueforQ42024was61.6 million, a 3.6% increase excluding foreign currency effects[17] - Australia segment revenue for Q4 2024 was 69.8million[18]ProfitabilityandMargins−RecordFiscal2024EPSof4.93, an increase of 9.8%[7] - Gross profit for Q4 2024 was 141.0million,withagrossprofitmarginof16.623.963 million, compared to 18.112millioninQ42023[32]EBITDAandCashFlow−EBITDAforQ42024was45.3 million, a 42.2% increase year-over-year[14] - EBITDA for Q4 2024 was 45.270million,upfrom31.838 million in Q4 2023[37] - Net cash used for operating activities in Fiscal 2024 was 32.3million,comparedto10.8 million provided in Fiscal 2023[22] - Cash at the end of the period was 38.066million,downfrom43.913 million at the beginning of the period[33] Inventory and Assets - Inventories increased to 1.3billionasofJanuary31,2024,upfrom703.9 million the previous year[20] - Total assets increased to 1,992.261millionin2024,upfrom1,188.695 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]
Titan Machinery(TITN)2024-03-21 11:44