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Apr 30, 2024
Titan Machinery Q1 2025 Earnings Report
Titan Machinery's first quarter results reflected a challenging market environment with softening demand and excess inventory.
Key Takeaways
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.
Revenue increased to $628.7 million compared to $569.6 million in the first quarter of last year.
Equipment revenue was $468.1 million, up from $429.4 million in the previous 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.
The company generated $23.9 million in EBITDA, compared to $43.6 million in the first quarter of last year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company is updating its full year modeling assumptions for revenue, equipment margins and floorplan interest expense due to softer demand.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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