NASDAQ$TITN
Titan Machinery Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Revenue increased by 24.4% to $377.6 million, GAAP EPS was $0.50, and adjusted EPS was $0.57.
Titan Machinery Inc. reported a strong second quarter with revenue increasing by 24.4% to $377.6 million. The company's GAAP EPS was $0.50 and adjusted EPS was $0.57. Equipment demand momentum continued with equipment revenues increasing 35% versus prior year.
- Equipment revenue increased 35% versus prior year.
- Consolidated pre-tax income growth of 89% compared to prior year second quarter.
- Construction segment pre-tax income grew 105% versus the prior year.
- International segment pre-tax income increased by $0.9 million, and on an adjusted basis by $2.4 million, versus the prior year.
Headline financials
Revenue & EPS history
Titan Machinery · Revenue · Quarterly
$378M
Revenue by segment
Titan Machinery · $522M total across 4 segments · Q1 2027
- Agriculture$344M—65.9%
- Construction$67.5M—12.9%
- Europe$60.4M—11.6%
- Australia$50.3M—9.6%
Forward guidance
The Company's current expectations for fiscal 2022 modeling assumptions include increased revenue and diluted EPS.
Tailwinds
- Agriculture revenue up 18-23%
- Construction revenue up 2-7%
- International revenue up 27-32%
- Diluted EPS $2.00 - $2.20
- Inventory shipments are allowing surpassing revenue targets.
Headwinds
- Supply chains remain tight
- Includes the full year impact of the Phoenix and Tucson, AZ store divestitures in January 2021.
- Includes expenses related to ERP implementation.
- Drought conditions in areas of our footprint
- Uncertainty and fluctuating conditions in the capital and credit markets
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 Q2 2022
-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
| Quarter | Report date | Reaction (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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