Titan Machinery Earnings Reports

Titan Machinery posted a small net income of $1.2 million on $644.5 million in revenue for Q3 FY2026. While overall revenue declined year-over-year, cost discipline and improved equipment margins helped sustain profitability. European operations showed strong growth, partially offsetting softness in other regions.

Titan Machinery's Q2 2026 revenue dropped 13.8% year-over-year, driven by declines in the agriculture and construction segments, while margins compressed under pricing pressure. The company remained focused on inventory optimization as part of its broader strategic reset.

Titan Machinery saw a net loss of $13.2M in Q1 2026, driven by lower gross margins and a downturn in agricultural equipment demand. Revenue came in at $594.3M, with Europe being a bright spot due to EU stimulus, while North America remained soft.

Titan Machinery posted Q4 2025 revenue of $759.92 million, down 10.8% year-over-year. The company reported a net loss of $43.76 million and an adjusted net loss of $44.89 million. EPS came in at a loss of $1.93, with adjusted diluted EPS at a loss of $1.88. Adjusted EBITDA was negative $46.02 million as the company accelerated inventory reductions in a softer demand environment.

Titan Machinery Inc. reported a decrease in revenue and net income for the third quarter of fiscal 2025, primarily driven by softening demand in the agriculture segment and lower equipment margins. However, the company successfully reduced inventory by approximately $115 million compared to the previous quarter and saw growth in parts and service revenue.

Titan Machinery Inc. reported a decrease in revenue and a net loss for the second quarter of fiscal 2025, driven by challenging market conditions and softening demand, particularly in the agriculture sector. The company is focused on managing inventory, controlling costs, and emphasizing customer care to navigate the downturn.

Titan Machinery Inc. reported an increase in revenue to $628.7 million compared to $569.6 million in the first quarter of last year. Net income decreased to $9.4 million, or $0.41 earnings per diluted share, compared to $27.0 million, or $1.19 earnings per diluted share, for the first quarter of last year.

Titan Machinery Inc. reported a strong performance for the fiscal fourth quarter and full year ended January 31, 2024, with revenue increasing to $852.1 million compared to $583.0 million in the fourth quarter last year. The company's net income was $24.0 million, or earnings per diluted share of $1.05, compared to net income of $18.1 million, or earnings per diluted share of $0.80, for the fourth quarter of last year.

Titan Machinery Inc. reported record revenues of $694.1 million for the third quarter of fiscal 2024, despite challenges related to OEM deliveries and increased preparation time for machinery inspections. EPS was $1.32, and the company closed the acquisition of J.J. O'Connor & Sons Pty. Ltd.

Titan Machinery Inc. reported a strong second quarter with a 29.4% increase in revenue to $642.6 million and a 25% increase in EPS to $1.38. The results were driven by acquisitions and same-store revenue growth across all three reporting segments.

Titan Machinery Inc. reported a strong start to fiscal 2024, with revenue increasing by 23.6% to $569.6 million and EPS increasing by 55% to $1.19. The company's agriculture segment continued to drive growth, and each operating segment achieved expansion in pre-tax margins.

Titan Machinery Inc. reported a revenue increase to $583.0 million for the fourth quarter of fiscal 2023, compared to $507.6 million in the fourth quarter last year. Net income for the fourth quarter of fiscal 2023 was $18.1 million, or earnings per diluted share of $0.80, compared to net income of $22.4 million, or earnings per diluted share of $0.99, for the fourth quarter of last year.

Titan Machinery Inc. reported a strong fiscal third quarter with a 47.3% increase in revenue to $668.8 million and an 88% increase in EPS to a record $1.82. The company's performance was driven by growth across all revenue streams and efficient operations, leading to a consolidated pre-tax margin of 8.2%.

Titan Machinery Inc. reported a significant increase in revenue and record earnings per share for the second quarter of fiscal 2023. Revenue increased by 31.5% to $496.5 million, and EPS reached a record $1.10. The company's performance was driven by strong results in the Agriculture, Construction, and International segments. They also increased their fiscal year 2023 EPS guidance to $3.70-$4.00.

Titan Machinery Inc. reported strong first-quarter results with a 23.7% increase in revenue to $461.0 million and EPS of $0.78. The company's performance was driven by robust demand in the Agriculture segment and improved profitability in the Construction segment. Despite challenges in the International segment due to the conflict in Ukraine, the company remains positive about its outlook and expects another exceptional year.

Titan Machinery Inc. reported an exceptional fiscal year 2022, delivering record earnings and significant operating leverage across all business segments. The company's strong balance sheet has provided greater flexibility for accretive acquisitions.

Titan Machinery Inc. reported a strong third quarter with revenue increasing by 25.8% to $454.0 million and GAAP EPS of $0.97. The company's performance was driven by the strength of the agriculture sector and increased equipment demand. They also increased fiscal year 2022 EPS expectations to $2.40-$2.60.

Titan Machinery Inc. reported a strong second quarter with revenue increasing by 24.4% to $377.6 million. The company's GAAP EPS was $0.50 and adjusted EPS was $0.57. Equipment demand momentum continued with equipment revenues increasing 35% versus prior year.

Titan Machinery reported a strong first quarter with a 20.1% increase in revenue to $372.7 million. GAAP EPS was $0.47, and adjusted EPS was $0.46. The company's performance was driven by increased equipment sales and improved operating leverage across its Agriculture, Construction, and International segments.

Titan Machinery Inc. reported a strong finish to fiscal year 2021, with significant growth in equipment revenue and overall revenue increase in the fourth quarter. The Agriculture segment was a standout performer, contributing to both top and bottom-line growth. The company also saw operating improvements in its Construction segment and growth in the International segment's parts and service business.

Titan Machinery Inc. reported financial results for the fiscal third quarter ended October 31, 2020. Revenue was flat compared to the prior year, but the company saw increases in GAAP EPS and Adjusted EPS. The company also increased its fiscal year 2021 modeling assumptions.

Titan Machinery Inc. reported revenue of $303.5 million and a GAAP EPS of $0.28 for the second quarter of fiscal 2021. The company's Agriculture segment showed growth in pre-tax income, driven by parts and service businesses. Modeling assumptions for the full fiscal year 2021 were introduced.

Titan Machinery Inc. reported an 11.5% increase in revenue for the first quarter of fiscal 2021, reaching $310.2 million. GAAP EPS was $0.10, and adjusted EPS was $0.15. The company also entered into a new five-year amended and restated credit agreement and closed the domestic acquisition of HorizonWest Dealership Complex.

Titan Machinery Inc. reported financial results for the fiscal fourth quarter and full year ended January 31, 2020. Revenue for the fourth quarter was $351.0 million, compared to $359.6 million in the fourth quarter last year. Net income was $0.7 million, or earnings per share of $0.03, compared to a net loss of $2.2 million, or loss per diluted share of $0.10 for the fourth quarter of fiscal 2019.