Titan Machinery Inc. reports developments for a full-service agricultural and construction equipment dealership network serving farmers, ranchers, commercial applicators, and construction customers in North America, Europe, and Australia. Company updates commonly cover equipment, parts, service, rental, and other revenue, with segment commentary for Agriculture, Construction, Europe, and Australia.
Recurring news also addresses inventory optimization, equipment margins, store footprint actions, restructuring or impairment items tied to market exits, and management participation in investor events. The company’s dealer locations represent CNH Industrial brands including Case IH, New Holland Agriculture, Case Construction, New Holland Construction, and CNH Industrial Capital.
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.
Titan Machinery reported a revenue increase of 11.5% to $310.2 million for Q1 FY2021, compared to $278.3 million from the previous year. GAAP EPS was $0.10, and adjusted EPS was $0.15. The Agriculture segment revenue surged 26% to $193.6 million, while Construction segment revenues fell to $60.1 million. The company closed on a $6.9 million acquisition of HorizonWest, expected to be accretive. A new credit agreement enhances financial flexibility with $250 million in commitments, while adjusted EBITDA rose to $11.1 million.
Titan Machinery Inc. (Nasdaq: TITN) will announce its financial results for Q1 ended April 30, 2020, on May 28, 2020. The announcement will be followed by a conference call at 7:30 a.m. Central time. Investors can join the call by dialing (877) 705-6003 for U.S. participants and (201) 493-6725 for international callers. The call will also be available via a live webcast on the company's website, archived for 30 days. Titan Machinery operates a network of agricultural and construction equipment stores across North America and Europe.
Titan Machinery Inc. (Nasdaq: TITN) has announced a virtual-only format for its 2020 Annual Meeting of Stockholders, now rescheduled for June 8, 2020, at 2:00 PM Central Daylight Time. This decision was made in response to the ongoing COVID-19 pandemic, prioritizing the health of stockholders, directors, and employees. Stockholders can participate in the meeting, vote electronically, and submit questions via a live webcast. Voting must be completed by 11:59 PM Eastern Time on June 7, 2020, to ensure participation.