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Apr 30, 2020
Titan Machinery Q1 2021 Earnings Report
Titan Machinery reported strong first quarter performance driven by focus on customer service and sound management of operating expenses.
Key Takeaways
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.
Revenue for the first quarter of fiscal 2021 increased by 11.5% to $310.2 million.
GAAP EPS for the first quarter of fiscal 2021 was $0.10, and adjusted EPS was $0.15.
The company entered into a new five-year amended and restated credit agreement.
Titan Machinery closed the domestic acquisition of HorizonWest Dealership Complex.
Revenue by Segment
Forward Guidance
The Company will not be providing its customary annual modeling assumptions for fiscal year 2021 due to the uncertainty surrounding the COVID-19 outbreak. The Company will provide additional statements regarding expectations for the remainder of fiscal year 2021 on its fiscal 2021 first quarter conference call hosted today.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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