Titan Machinery Q4 2020 Earnings Report
Key Takeaways
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.
Revenue for Fiscal 2020 Increased 3.5% to $1.3 billion
GAAP EPS for Fiscal 2020 was $0.63 and Adjusted EPS was $0.79, an increase of 14.5% and 17.9%, respectively
Announced Domestic Acquisition of HorizonWest's Three Store Dealership Complex
Full year fiscal 2020 performance demonstrated ability to drive profitability in challenging industry conditions
Titan Machinery
Titan Machinery
Titan Machinery Revenue by Segment
Forward Guidance
Due to the uncertainty surrounding COVID-19, it is prudent to not provide specific full year fiscal 2021 guidance at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income