Welcome to our dedicated page for Titan Machinery news (Ticker: TITN), a resource for investors and traders seeking the latest updates and insights on Titan Machinery stock.
Titan Machinery Inc. (symbol: TITN) is a prominent network of full-service agricultural and construction equipment stores, providing a range of solutions through sales, service, and rentals. Headquartered in West Fargo, ND, the company represents a diversified mix of dealerships across Arizona, Colorado, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Dakota, Wisconsin, and Wyoming.
With 75 stores, Titan Machinery is a leading dealer for major brands such as Case IH, Case Construction, New Holland Agriculture, and New Holland Construction, among others. The company's core business segments include:
- Agriculture: This segment offers machinery and attachments for both large-scale farming and home gardening purposes.
- Construction: Providing heavy construction and light industrial machinery, this segment covers a wide range of equipment needs.
- Europe and Australia: Expanding its global footprint, this segment supports international operations and growth.
Titan Machinery is committed to meeting specialized customer demands with a varied list of shortline equipment. The company also emphasizes career growth, offering competitive pay and industry-leading benefits to its employees. For more information about career opportunities, visit titanmachinery.com/careers.
The company's recent achievements include the strategic acquisition of O'Connors, anticipated to drive growth and synergies within Titan Machinery's operations. Despite challenges such as the ongoing Russia-Ukraine conflict's impact on its Ukrainian subsidiary, the company remains resilient, navigating supply chain disruptions, fluctuating market conditions, and increased competition.
For the latest updates and developments, investor presentations, and financial measures, Titan Machinery provides ongoing communication to keep stakeholders informed. As the company continues to evolve, its focus remains on sustaining growth, improving profitability, and strengthening its market position.
Titan Machinery Inc. (Nasdaq: TITN) announced it will release its financial results for Q2 ended July 31, 2021, on August 26, 2021, with a conference call at 7:30 a.m. CT. Investors can participate via phone or listen to a live webcast available on their website. The webcast will be archived for 30 days. The company operates a network of agricultural and construction equipment dealerships across North America and Europe, representing several CNH Industrial brands.
Titan Machinery reported a robust 20.1% increase in revenue for Q1 FY2022, totaling $372.7 million. Equipment sales surged by 26%, with a notable pre-tax income growth of 82% in the Agriculture segment. Adjusted earnings per share rose to $0.46, up from $0.15 year-over-year. Operating expenses increased but remained a lower percentage of revenue at 15.1%. The Company revised its fiscal 2022 modeling assumptions upward, expecting segment revenue increases in Agriculture (15-20%), Construction (2-7%), and International (17-22%).
Titan Machinery Inc. (Nasdaq: TITN) will release its financial results for the first quarter ended April 30, 2021, on May 27, 2021. A live investor conference call is scheduled for 7:30 a.m. Central time (8:30 a.m. Eastern time) to discuss these results. Investors can join the call by dialing (877) 705-6003 from the U.S. or (201) 493-6725 from international locations. The call will be replayed until June 10, 2021. A live webcast will also be available on the company's Investor Relations website and archived for 30 days.
Titan Machinery reported an 8.1% revenue increase for Fiscal 2021, totaling $1.4 billion. GAAP EPS rose to $0.86 while adjusted EPS grew 50% to $1.26. The fourth quarter saw revenues of $436.7 million, with equipment revenue up 35%. Agricultural segment revenue surged to $303.2 million, marking a pre-tax income of $7.9 million. The company expects 10-15% growth in Agriculture and up to 17% in International for Fiscal 2022, despite challenges posed by the pandemic. Adjusted EBITDA improved 24.6% to $65.4 million.
Titan Machinery Inc. (Nasdaq: TITN) will report its financial results for the fourth quarter and full year ended January 31, 2021, on March 18, 2021. Following the release, an investor conference call is scheduled for 7:30 a.m. CT (8:30 a.m. ET). Interested investors can join the live call by dialing (877) 705-6003 for U.S. callers or (201) 493-6725 for international participants. A replay will be available until April 1, 2021. The company operates agricultural and construction equipment stores across North America and Europe, representing CNH Industrial Brands.
Titan Machinery Inc. (Nasdaq: TITN) announced a fireside chat featuring its management team at the 2021 ICR Conference, scheduled for January 11-14, 2021. The chat will occur on January 12 at 2:30 PM Eastern Time.
David Meyer, Chairman and CEO, Mark Kalvoda, CFO, and Bryan Knutson, COO, will represent the company. Titan Machinery operates a network of agricultural and construction equipment stores across North America and Europe, representing various CNH Industrial Brands. For more details, visit titanmachinery.com.
Titan Machinery (TITN) reported a revenue of $360.9 million for the third quarter of fiscal 2021, showing stability compared to the previous year. GAAP EPS was $0.44, with adjusted EPS at $0.58, reflecting operational efficiency and strong parts and service performance. The company increased its fiscal 2021 guidance due to favorable market conditions in agriculture. However, the International segment faced challenges, resulting in a $2.4 million pre-tax loss. Overall, net income rose to $9.9 million, supported by improved cash flow and managed expenses.
Titan Machinery Inc. (Nasdaq: TITN) announced it will release its third-quarter financial results for the period ending October 31, 2020, on November 24, 2020. Investors can participate in a conference call at 7:30 a.m. Central time. A replay will be available two hours post-call until December 8, 2020. Additionally, a live webcast of the call will be accessible on the company's website. Titan Machinery operates a network of agricultural and construction equipment dealerships across North America and Europe, representing brands such as Case IH and New Holland.
Titan Machinery Inc. (Nasdaq: TITN) reported its fiscal 2021 second quarter results. The company achieved revenue of $303.5 million, a decrease from $315.0 million year-over-year. EPS rose to $0.28 (GAAP) from $0.25, while adjusted EPS was $0.29 compared to $0.31. The Agriculture segment showed resilience with 9.3% growth in pre-tax income, while Construction and International segments faced declines due to COVID-19. The company introduced full-year fiscal 2021 modeling assumptions, anticipating up to 5% growth in Agriculture and 10-15% decline in International revenue.
Titan Machinery Inc. (Nasdaq: TITN) will announce its financial results for Q2 ending July 31, 2020, on August 27, 2020. An investor conference call will follow at 7:30 a.m. Central time. Interested parties can join by calling (877) 705-6003, with international callers using (201) 493-6725. A replay will be available shortly after the call until September 10, 2020. Additionally, a live webcast will be accessible on Titan's Investor Relations website, archived for 30 days for later viewing.
FAQ
What is the current stock price of Titan Machinery (TITN)?
What is the market cap of Titan Machinery (TITN)?
What does Titan Machinery Inc. do?
Where is Titan Machinery Inc. headquartered?
Which brands does Titan Machinery represent?
How many stores does Titan Machinery have?
What are the main business segments of Titan Machinery?
What recent achievements has Titan Machinery accomplished?
What challenges does Titan Machinery face?
Does Titan Machinery offer career opportunities?
How does Titan Machinery communicate with stakeholders?
What is the significance of the O'Connors acquisition for Titan Machinery?
