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Titan Machinery Q4 2023 Earnings Report

Titan Machinery logo
$13.19 -0.10 (-0.75%)
(As of 12/20/2024 05:31 PM ET)

Titan Machinery EPS Results

Actual EPS
$0.81
Consensus EPS
$1.07
Beat/Miss
Missed by -$0.26
One Year Ago EPS
$0.99

Titan Machinery Revenue Results

Actual Revenue
$583.00 million
Expected Revenue
$692.90 million
Beat/Miss
Missed by -$109.90 million
YoY Revenue Growth
+14.90%

Titan Machinery Announcement Details

Quarter
Q4 2023
Time
Before Market Opens

Conference Call Resources

Conference Call Audio

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Titan Machinery Earnings Headlines

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About Titan Machinery

Titan Machinery (NASDAQ:TITN) owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers. Its agricultural equipment includes machinery and attachments for use in the production of food, fiber, feed grain, feed stock, and renewable energy; and home and garden applications, as well as maintenance of commercial, residential, and government properties. The company's construction equipment comprises heavy construction machinery, light industrial machinery for commercial and residential construction, and road and highway construction machinery. It also sells maintenance and replacement parts. In addition, the company offers repair and maintenance services that include warranty repairs, off-site and on-site repair services, scheduling off-season maintenance services, and notifying customers of periodic service requirements; and training programs to customers. Further, it rents equipment; and provides ancillary equipment support services, such as equipment transportation, global positioning system signal subscriptions and other precision farming products, farm data management products, and CNH Industrial finance and insurance products. The company operates in Colorado, Idaho, Kansas, Missouri, Washington, Iowa, Minnesota, Montana, Nebraska, North Dakota, South Dakota, Wisconsin, and Wyoming, the United States; Bulgaria, Germany, Romania, and Ukraine, Europe; and New South Wales, South Australia, and Victoria, Australia. Titan Machinery Inc. was founded in 1980 and is headquartered in West Fargo, North Dakota.

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