NASDAQ$TITN
Titan Machinery Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Titan Machinery reported strong Q4 2021 results, driven by equipment business growth and standout performance in the Agriculture segment.
Titan Machinery Inc. reported a strong finish to fiscal year 2021, with significant growth in equipment revenue and overall revenue increase in the fourth quarter. The Agriculture segment was a standout performer, contributing to both top and bottom-line growth. The company also saw operating improvements in its Construction segment and growth in the International segment's parts and service business.
- Revenue increased to $436.7 million, compared to $351.0 million in the fourth quarter last year.
- Equipment revenue increased to $354.0 million, compared to $262.8 million in the fourth quarter last year.
- Net income was $0.8 million, or earnings per diluted share of $0.03, compared to $0.7 million, or earnings per diluted share of $0.03 for the fourth quarter last year.
- Adjusted net income was $5.3 million, or $0.23 per diluted share, compared to net income of $0.6 million, or $0.02 per diluted share for the fourth quarter last year.
Headline financials
Revenue & EPS history
Titan Machinery · Revenue · Quarterly
$437M
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 expects another strong year of growth in fiscal 2022.
Tailwinds
- Benefiting from renewed strength in the commodities cycle.
- Staying close to customers with exceptional service.
- Carefully managed cost structure and balance sheet.
- Healthy inventory position
- Improved equipment margins
Headwinds
- Challenging global economy due to the COVID-19 pandemic
- Creates a higher degree of uncertainty.
- Assumptions will continue to be impacted by the challenging global economy
- Includes expenses related to ERP implementation.
- Includes the full year impact of the Phoenix and Tucson, AZ store divestitures in January 2021.
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 Q4 2021
-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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