Titan Machinery Q1 2025 Earnings Report
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.
Titan Machinery
Titan Machinery
Titan Machinery Revenue by Segment
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