Titan Machinery(US:TITN) ZACKSยท2025-03-21 09:15Core Insights - Titan Machinery Inc. reported an adjusted loss per share of $1.98 for Q4 fiscal 2025, missing the consensus estimate of a loss of $0.87 per share, compared to earnings of $1.05 in the same quarter last year [1][10] - Total revenues for fiscal 2025 were $2.7 billion, a 2% decline year over year, but exceeded the consensus estimate of $2.69 billion [11] - The company anticipates further losses in fiscal 2026, projecting a loss per share between $1.25 and $2.00 due to weak demand across segments [12] Financial Performance - In Q4 fiscal 2025, Titan Machinery's total revenues were approximately $760 million, down 11% from $852 million in the prior year, although it surpassed the consensus estimate of $748 million [3] - Equipment revenues fell 13% year over year to $622 million, while parts revenues decreased by 1.6% to $89 million; service revenues increased by 4.3% to $36.6 million [3] - Gross profit plummeted 64% year over year to $51 million, with a gross margin of 6.7%, reflecting a 990-basis point contraction from the previous year [4] Segment Analysis - Agriculture segment revenues declined 14% to $535 million, with same-store sales down 15.5%, leading to a loss before taxes of $55.3 million [6] - Construction segment revenues were $95 million, down 5.5%, with a loss before taxes of $1.1 million [7] - The Europe segment's revenues increased to $65 million from $62 million, but it reported a loss before taxes of $1.8 million [8] Cash Flow and Debt - Cash flow from operating activities was $70.3 million in fiscal 2025, compared to an outflow of $32.3 million in the previous fiscal year [9] - The company ended fiscal 2025 with a cash balance of approximately $36 million, down from $38 million at the end of fiscal 2024, while long-term debt rose to $158 million from $106 million [9] Stock Performance - Over the past year, Titan Machinery's shares have decreased by 33.6%, contrasting with a 1.8% decline in the industry [13]