NASDAQ$TITN

Titan Machinery Inc · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Reported challenging market conditions impacting farmer sentiment and agriculture equipment sales.

Titan Machinery Inc. reported a decrease in revenue and a net loss for the second quarter of fiscal 2025, driven by challenging market conditions and softening demand, particularly in the agriculture sector. The company is focused on managing inventory, controlling costs, and emphasizing customer care to navigate the downturn.

  • Revenue decreased to $633.7 million compared to $642.6 million in the second quarter of last year.
  • Net loss was $4.3 million, or a loss per diluted share of $0.19, compared to net income of $31.3 million, or earnings per diluted share of $1.38, for the second quarter of last year.
  • Gross profit was $112.4 million, compared to $133.4 million in the second quarter last year, with a gross profit margin of 17.7%.
  • The company is actively managing inventory levels, implementing cost control measures, and emphasizing customer care initiatives.

Headline financials

Total Revenue

$634M

Previous: $643M-1.4%
EPS

-$0.19

Previous: $1.38-113.8%
EBITDA

$18.3M

Previous: $50.4M-63.7%
Adjusted EBITDA

$20.2M

No prior period
Capital Expenditures

-$361K

Previous: -$2.69M+86.6%
Free Cash Flow

-$4.67M

Previous: $28.6M-116.3%
Net Income

-$4.3M

Previous: $31.3M-113.7%
Operating Income

$15.8M

Previous: $44.6M-64.7%
Gross Profit

$112M

Previous: $133M-15.8%
Cash & Equivalents

$31.2M

Previous: $52.8M-40.8%
Total Assets

$2.22B

Previous: $1.52B+46.4%
Stock-Based Comp

$1.26M

Previous: $784K+61.0%

Revenue & EPS history

Titan Machinery · Revenue · Quarterly

$634M

Q2 2025-1.4%vs Q2 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

Titan Machinery provided updated fiscal 2025 modeling assumptions, anticipating continued challenges due to softening retail demand and lower net farm income. The company is implementing a more aggressive strategy to catalyze sales and reduce inventories, which may compress near-term equipment margins but is expected to shorten the impact of the contractionary cycle.

Tailwinds

  • Aggressive strategy to catalyze sales
  • Reduce inventories
  • Expected to shorten the impact of the contractionary cycle
  • Accelerate return to a more normalized margin profile
  • Proactive measures to address market conditions

Headwinds

  • Softening retail demand
  • Lower net farm income
  • Compression of near-term equipment margins
  • Uncertainty in agriculture and construction industries
  • Potential difficulties integrating acquired stores

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 2025

Historical avgQ2 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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