NASDAQ$TITN

Titan Machinery Inc · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Titan Machinery's first quarter results reflected a challenging market environment with softening demand and excess inventory.

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.

Headline financials

Total Revenue

$629M

Previous: $570M+10.4%
EPS

$0.41

Previous: $1.19-65.5%
EBITDA

$30.9M

Previous: $43.6M-29.1%
Adjusted EBITDA

$23.9M

No prior period
Capital Expenditures

-$2.97M

Previous: -$1.33M-123.3%
Free Cash Flow

$6.47M

Previous: $25.6M-74.8%
Net Income

$9.44M

Previous: $27M-65.0%
Operating Income

$22.6M

Previous: $37.3M-39.4%
Gross Profit

$122M

Previous: $119M+2.7%
Cash & Equivalents

$35.7M

Previous: $38.4M-7.0%
Total Assets

$2.09B

Previous: $1.38B+51.5%
Stock-Based Comp

$837K

Previous: $659K+27.0%

Revenue & EPS history

Titan Machinery · Revenue · Quarterly

$629M

Q1 2025+10.4%vs Q1 2024
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Titan Machinery · $522M total across 4 segments · Q1 2027

  • Agriculture
    $344M
  • Construction
    $67.5M
  • Europe
    $60.4M
  • Australia
    $50.3M

Forward guidance

The company is updating its full year modeling assumptions for revenue, equipment margins and floorplan interest expense due to softer demand.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-1.0%

Avg return

Earnings day

-0.0%

Avg return

5 days after

-2.2%

Avg return

30 days after

41%

27 / 66 earnings

Positive

+29.1%

Q3 2018

Best reaction

-23.8%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027-13.6%-15.1%
Q4 2026-9.1%+4.4%+30.8%
Q3 2026+18.4%+12.6%-5.3%
Q2 2026-6.6%-1.8%-18.8%
Q1 2026+0.0%-0.7%+1.2%
Q4 2025+12.9%+22.1%+10.9%
Q3 2025+1.8%+0.2%-8.4%
Q2 2025+6.9%-1.6%+1.1%
Q1 2025-19.4%-23.5%-30.2%
Q4 2024-12.4%-12.9%-13.5%
Q3 2024-3.3%-2.1%+13.3%
Q2 2024+1.8%-1.0%-8.6%
Q1 2024-21.4%-26.4%-16.7%
Q4 2023-23.8%-27.5%-25.6%
Q3 2023+21.7%+20.4%+13.9%
Q2 2023+3.3%+3.2%-14.3%
Q1 2023+10.2%+6.1%-4.5%
Q4 2022-17.5%-11.2%-22.4%
Q3 2022-0.9%-4.0%-8.7%
Q2 2022-1.8%-4.0%-14.0%
Q1 2022+20.0%+35.3%+24.4%
Q4 2021-6.6%-13.0%-6.7%
Q3 2021-2.4%-0.9%-0.2%
Q2 2021+9.0%+14.2%+2.6%
Q1 2021-2.7%-3.2%-6.2%
Q4 2020+16.8%+12.0%+14.7%
Q3 2020-21.4%-25.3%-20.1%
Q2 2020-11.0%-14.9%-14.1%
Q1 2020+10.9%+12.5%+36.5%
Q4 2019-20.7%-19.9%-13.0%
Q3 2019+23.6%+18.2%-7.6%
Q2 2019+14.4%+12.7%-1.9%
Q1 2019-18.1%-13.2%-26.0%
Q4 2018+21.6%+21.9%-0.8%
Q3 2018+29.1%+30.6%+26.7%
Q2 2018-22.1%-23.1%-0.1%
Q1 2018+11.0%+9.8%+16.0%
Q4 2017-1.1%-0.1%+2.2%
Q3 2017+7.9%+14.3%+12.4%
Q2 2017-1.3%-1.1%-4.6%
Q1 2017-6.8%-5.7%-0.7%
Q4 2016+5.7%
Q3 2016-18.2%
Q2 2016+28.5%
Q1 2016+17.6%
Q4 2015+1.4%
Q3 2015-2.7%
Q2 2015-1.1%
Q1 2015-3.6%
Q4 2014+25.9%
Q3 2014-6.0%
Q2 2014-2.2%
Q1 2014+0.7%
Q4 2013-16.1%
Q3 2013-16.1%
Q3 2012-1.0%
Q2 2012-22.5%
Q2 2013-22.5%
Q1 2012-18.9%
Q1 2013+0.7%
Q4 2010+28.4%
Q4 2012+10.1%
Q3 2011-3.0%
Q2 2011-22.6%
Q4 2011-22.6%
Q1 2011+0.0%

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