We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Titan Machinery Earnings Beat Estimates in Q1, Revenues Fall Y/Y
Read MoreHide Full Article
Titan Machinery Inc. (TITN - Free Report) incurred a loss of 58 cents in first-quarter fiscal 2026 (ended April 30, 2025), which was narrower than the Zacks Consensus Estimate of a loss of 79 cents. The company posted earnings of 41 cents per share in the year-ago quarter.
Titan Machinery’s Q1 Revenues Decline Y/Y
Total revenues were $594 million, down 5.5% from the year-ago quarter. The top line, however, surpassed the consensus mark of $463 million. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
Equipment revenues fell 6.7% year over year to $437 million and parts revenues were down 2.4% to $106 million. Revenues generated from service were $44 million, down 2.4% from the year-ago quarter. Meanwhile, rental revenues were $7.9 million compared with $7.3 million in the year-ago quarter.
Titan Machinery Inc. Price, Consensus and EPS Surprise
The cost of sales edged down 0.7% year over year to $503 million. Gross profit fell 25.4% year over year to $91 million. The gross margin was 15.3% compared with 19.4% in the year-ago quarter. Margins were down due to lower equipment margins, driven by high levels of inventory and weak demand.
Operating expenses decreased 2.8% from the year-ago quarter to $96 million. Loss from operations was $5.7 million against the prior year’s income of $22.6 million in the year-ago quarter.
Adjusted EBITDA was a negative $3.9 million against the prior year’s adjusted EBITDA of $24 million.
Titan Machinery’s Segmental Performances in Q1
Agriculture revenues fell 14.1% from the last-year comparable quarter to $384 million. The downside was led by a decline in net farm income and a same-store sales decrease of 14.1%. The segment’s loss before taxes was $13 million against income of $13 million in the year-ago quarter.
Construction revenues were $72 million, up 0.9% from the prior-year comparable quarter, driven by a same-store sales increase of 0.9%. The segment incurred a loss before taxes of $4 million against the year-ago quarter’s income of $0.27 million.
Europe revenues were $94 million, up 44.2% from the year-ago quarter’s $74 million. The segment reported income before taxes of $4.7 million, up from $1.4 million in the first quarter of fiscal 2025.
The Australia segment reported revenues of $44 million, down 1% year over year. It incurred a loss before taxes of $0.5 million in the first quarter of fiscal 2026, down 15.4% year over year.
TITN’s Cash Flow & Debt Position at Q1 End
The cash outflow for operating activities was $6 million against an inflow of $32 million in the first quarter of fiscal 2025.
Titan Machinery ended the fiscal first quarter with a cash balance of $21.5 million compared with $36 million at the end of fiscal 2025. The company’s long-term debt was $154 million compared with $158 million as of the end of fiscal 2025.
Titan Machinery Anticipates Loss in FY26
The agriculture segment's revenues are predicted to decline 20-25% in fiscal 2026. The Construction segment’s revenues are expected to see a decline of 5-10%. Europe’s revenues are expected to rise 23-28% compared with fiscal 2025. The Australia segment's revenues are expected to decline 20-25%.
The company expects to report a loss of $1.25-$2.00 per share in fiscal 2026, reflecting weak demand.
TITN Stock’s Price Performance & Zacks Rank
In the past year, shares of Titan Machinery have gained 7.9% compared with the industry’s 11.6% increase.
Deere & Company (DE - Free Report) reported second-quarter fiscal 2025 (ended April 27) earnings of $6.64 per share, beating the Zacks Consensus Estimate of $5.68. The bottom line decreased 22% from the prior-year quarter on lower shipment volumes.
Net sales of equipment operations (comprising Agriculture, and Turf, Construction and Forestry) were $11.17 billion, down 17.9% year over year. However, net sales topped the Zacks Consensus Estimate of $10.65 billion. Total net sales (including financial services and others) were $12.76 billion, down 16% year over year.
AGCO Corp. (AGCO - Free Report) delivered adjusted earnings per share of 41 cents in first-quarter 2025 compared with the prior-year quarter’s $2.32. The reported figure topped the Zacks Consensus Estimate of 3 cents.
AGCO’s net sales decreased 30% year over year to $2.05 billion in the March-end quarter. The top line beat the Zacks Consensus Estimate of $2.02 billion. Excluding the unfavorable currency-translation impacts of 2.4%, net sales fell 27.6% year over year.
CNH Industrial N.V. (CNH - Free Report) reported first-quarter 2025 adjusted earnings per share of 10 cents, which declined from 33 cents in the prior-year quarter. The figure, however, surpassed the Zacks Consensus Estimate of earnings of 9 cents.
In the first quarter, CNH Industrial’s net sales declined nearly 21% from the year-ago level to $3.82 billion but topped the Zacks Consensus Estimate of $3.79 billion. The company’s net sales from industrial activities were $3.17 billion, down 23% due to lower shipment volumes.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Titan Machinery Earnings Beat Estimates in Q1, Revenues Fall Y/Y
Titan Machinery Inc. (TITN - Free Report) incurred a loss of 58 cents in first-quarter fiscal 2026 (ended April 30, 2025), which was narrower than the Zacks Consensus Estimate of a loss of 79 cents. The company posted earnings of 41 cents per share in the year-ago quarter.
Titan Machinery’s Q1 Revenues Decline Y/Y
Total revenues were $594 million, down 5.5% from the year-ago quarter. The top line, however, surpassed the consensus mark of $463 million. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
Equipment revenues fell 6.7% year over year to $437 million and parts revenues were down 2.4% to $106 million. Revenues generated from service were $44 million, down 2.4% from the year-ago quarter. Meanwhile, rental revenues were $7.9 million compared with $7.3 million in the year-ago quarter.
Titan Machinery Inc. Price, Consensus and EPS Surprise
Titan Machinery Inc. price-consensus-eps-surprise-chart | Titan Machinery Inc. Quote
TITN’s Gross Margin Contracts in Q1
The cost of sales edged down 0.7% year over year to $503 million. Gross profit fell 25.4% year over year to $91 million. The gross margin was 15.3% compared with 19.4% in the year-ago quarter. Margins were down due to lower equipment margins, driven by high levels of inventory and weak demand.
Operating expenses decreased 2.8% from the year-ago quarter to $96 million. Loss from operations was $5.7 million against the prior year’s income of $22.6 million in the year-ago quarter.
Adjusted EBITDA was a negative $3.9 million against the prior year’s adjusted EBITDA of $24 million.
Titan Machinery’s Segmental Performances in Q1
Agriculture revenues fell 14.1% from the last-year comparable quarter to $384 million. The downside was led by a decline in net farm income and a same-store sales decrease of 14.1%. The segment’s loss before taxes was $13 million against income of $13 million in the year-ago quarter.
Construction revenues were $72 million, up 0.9% from the prior-year comparable quarter, driven by a same-store sales increase of 0.9%. The segment incurred a loss before taxes of $4 million against the year-ago quarter’s income of $0.27 million.
Europe revenues were $94 million, up 44.2% from the year-ago quarter’s $74 million. The segment reported income before taxes of $4.7 million, up from $1.4 million in the first quarter of fiscal 2025.
The Australia segment reported revenues of $44 million, down 1% year over year. It incurred a loss before taxes of $0.5 million in the first quarter of fiscal 2026, down 15.4% year over year.
TITN’s Cash Flow & Debt Position at Q1 End
The cash outflow for operating activities was $6 million against an inflow of $32 million in the first quarter of fiscal 2025.
Titan Machinery ended the fiscal first quarter with a cash balance of $21.5 million compared with $36 million at the end of fiscal 2025. The company’s long-term debt was $154 million compared with $158 million as of the end of fiscal 2025.
Titan Machinery Anticipates Loss in FY26
The agriculture segment's revenues are predicted to decline 20-25% in fiscal 2026. The Construction segment’s revenues are expected to see a decline of 5-10%. Europe’s revenues are expected to rise 23-28% compared with fiscal 2025. The Australia segment's revenues are expected to decline 20-25%.
The company expects to report a loss of $1.25-$2.00 per share in fiscal 2026, reflecting weak demand.
TITN Stock’s Price Performance & Zacks Rank
In the past year, shares of Titan Machinery have gained 7.9% compared with the industry’s 11.6% increase.
TITN currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Performances of Titan Machinery’s Peers
Deere & Company (DE - Free Report) reported second-quarter fiscal 2025 (ended April 27) earnings of $6.64 per share, beating the Zacks Consensus Estimate of $5.68. The bottom line decreased 22% from the prior-year quarter on lower shipment volumes.
Net sales of equipment operations (comprising Agriculture, and Turf, Construction and Forestry) were $11.17 billion, down 17.9% year over year. However, net sales topped the Zacks Consensus Estimate of $10.65 billion. Total net sales (including financial services and others) were $12.76 billion, down 16% year over year.
AGCO Corp. (AGCO - Free Report) delivered adjusted earnings per share of 41 cents in first-quarter 2025 compared with the prior-year quarter’s $2.32. The reported figure topped the Zacks Consensus Estimate of 3 cents.
AGCO’s net sales decreased 30% year over year to $2.05 billion in the March-end quarter. The top line beat the Zacks Consensus Estimate of $2.02 billion. Excluding the unfavorable currency-translation impacts of 2.4%, net sales fell 27.6% year over year.
CNH Industrial N.V. (CNH - Free Report) reported first-quarter 2025 adjusted earnings per share of 10 cents, which declined from 33 cents in the prior-year quarter. The figure, however, surpassed the Zacks Consensus Estimate of earnings of 9 cents.
In the first quarter, CNH Industrial’s net sales declined nearly 21% from the year-ago level to $3.82 billion but topped the Zacks Consensus Estimate of $3.79 billion. The company’s net sales from industrial activities were $3.17 billion, down 23% due to lower shipment volumes.