AI Earnings Predictions for Titan Machinery Inc. (TITN)

EX-99.1

2 afy27q2ex991earningsrelease.htm

EX-99.1

Document

Titan Machinery Inc. Announces Results for Fiscal Second Quarter Ended July 31, 2026

- Gross Margin Expanded 150 bps y/y as Inventory Actions Continue to Drive Margin Recovery -

- Updates Fiscal 2027 Segment Modeling Assumptions; Reaffirms Profitability Outlook -

West Fargo, ND – August 27, 2026 – Titan Machinery Inc. (Nasdaq: TITN) ("Titan" or the "Company"), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal second quarter ended July 31, 2026.

"Our fiscal 2027 second quarter results reflect continued progress on improving inventory health, with equipment margins in our Agriculture segment coming in modestly ahead of our expectations for the quarter, which are helping drive a lift in consolidated gross margin in the face of a difficult revenue environment," stated Bryan Knutson, Titan Machinery's President and Chief Executive Officer. "At the same time, overall demand across our North American Agriculture business played out largely as we anticipated and fundamentals are suggesting that calendar year 2026 could be the bottom of this cycle. Our team remains focused on the areas within our control and I'm confident that the actions we have taken over the past two years position Titan favorably as agricultural fundamentals eventually recover."

Fiscal 2027 Second Quarter Results

Consolidated Results

For the second quarter of fiscal 2027, revenue was $496.4 million compared to $546.4 million in the second quarter last year. Equipment revenue was $328.5 million for the second quarter of fiscal 2027, compared to $376.3 million in the second quarter last year. Parts revenue was $106.6 million for the second quarter of fiscal 2027, compared to $109.2 million in the second quarter last year. Service revenue was $46.4 million for the second quarter of fiscal 2027, compared to $48.8 million in the second quarter last year. Rental and other revenue was $14.8 million for the second quarter of fiscal 2027, compared to $12.1 million in the second quarter last year.

Gross profit for the second quarter of fiscal 2027 was $92.4 million, compared to $93.6 million in the second quarter last year. Gross profit margin was 18.6% in the second quarter of fiscal 2027, compared to 17.1% in the second quarter last year. The year-over-year improvement in gross profit margin primarily reflects stronger equipment margins given continued reductions in aged inventory, alongside a higher mix of parts and service revenue.

Operating expenses increased to $94.1 million for the second quarter of fiscal 2027, compared to $92.7 million in the second quarter last year. Operating expenses as a percentage of revenue were 19.0% for the second quarter of fiscal 2027, compared to 17.0% of revenue in the second quarter last year.

Floorplan interest expense and other interest expense decreased to $8.1 million in the second quarter of fiscal 2027, compared to $11.5 million for the same period last year. The decrease was driven by lower interest-bearing inventory levels.

In the second quarter of fiscal 2027, net loss was $9.2 million, with loss per diluted share of $0.40, compared to a net loss of $6.0 million, with loss per diluted share of $0.26, for the same period last year.

Adjusted EBITDA in the second quarter of fiscal 2027 was $4.6 million, compared to $5.6 million in the second quarter last year.

1

Segment Results

Agriculture Segment - Revenue for the second quarter of fiscal 2027 was $310.2 million, compared to $345.8 million in the second quarter last year, reflecting a same-store sales decrease of 8.4%. The decrease resulted from softer demand for equipment compared to the prior year period, driven by continued pressure on grower profitability. Pre-tax loss for the second quarter of fiscal 2027 improved to $3.3 million, compared to $12.3 million in the second quarter last year.

Construction Segment - Revenue for the second quarter of fiscal 2027 was $78.6 million, compared to $72.0 million in the second quarter last year, reflecting a same-store sales increase of 9.2%, which was primarily due to higher equipment sales. Pre-tax income for the second quarter of fiscal 2027 improved to $0.4 million, compared to pre-tax loss of $1.2 million in the second quarter last year.

Europe Segment - Revenue for the second quarter of fiscal 2027 was $66.1 million, including a $1.1 million benefit related to foreign currency fluctuations versus the prior year period, compared to $98.1 million in the second quarter last year. Net of the effect of these foreign currency fluctuations, revenue decreased $33.1 million, or 33.7%. The wind-down of the Company's German operations contributed approximately $11 million of the year-over-year revenue decrease in the quarter. The remainder of the decrease was primarily due to lower equipment demand compared to the prior year period, which had been driven by stronger s

EX-99.1

2 afy27q1ex991earningsrelease.htm

EX-99.1

Document

Titan Machinery Inc. Announces Results for Fiscal First Quarter Ended April 30, 2026

- Reaffirms Fiscal 2027 Modeling Assumptions -

West Fargo, ND – June 9, 2026 – Titan Machinery Inc. (Nasdaq: TITN) ("Titan" or the "Company"), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal first quarter ended April 30, 2026.

“Our fiscal 2027 first quarter results reflect continued progress on the inventory optimization and margin improvement priorities we established coming into the year,” stated Bryan Knutson, Titan Machinery’s President and Chief Executive Officer. “Equipment margins exceeded our internal expectations during the quarter, driven by our progress in reducing aged inventory within our Agriculture segment. While we are encouraged by this strong start to our fiscal year, the underlying demand environment for our agricultural customers remains challenged. In addition to our ongoing inventory optimization initiative, we remain focused on proactively strengthening our core footprint where we are best equipped to deliver long-term returns for our shareholders — and delivering results through disciplined execution, close customer engagement, and continued investment in technology and process improvements to deliver enhanced earnings power as industry conditions improve.”

Fiscal 2027 First Quarter Results

Consolidated Results

For the first quarter of fiscal 2027, revenue was $522.4 million compared to $594.3 million in the first quarter last year. Equipment revenue was $364.7 million for the first quarter of fiscal 2027, compared to $436.8 million in the first quarter last year. Parts revenue was $103.8 million for the first quarter of fiscal 2027, compared to $105.6 million in the first quarter last year. Service revenue was $43.8 million for the first quarter of fiscal 2027, compared to $44.0 million in the first quarter last year. Rental and other revenue was $10.2 million for the first quarter of fiscal 2027, compared to $7.9 million in the first quarter last year.

Gross profit for the first quarter of fiscal 2027 was $89.3 million, compared to $90.9 million in the first quarter last year. Gross profit margin was 17.1% in the first quarter of fiscal 2027, compared to 15.3% in the first quarter last year. The year-over-year improvement in gross profit margin primarily reflects stronger equipment margins given continued reductions in aged inventory, alongside a higher mix of parts and service revenue.

Operating expenses decreased to $94.4 million for the first quarter of fiscal 2027, compared to $96.4 million in the first quarter last year. Operating expenses as a percentage of revenue was 18.1% for the first quarter of fiscal 2027, compared to 16.2% of revenue in the first quarter last year.

Floorplan interest expense and other interest expense decreased to $8.2 million in the first quarter of fiscal 2027, compared to $11.1 million for the same period last year. The decrease was driven by lower inventory levels subject to interest.

In the first quarter of fiscal 2027, net loss improved to $12.6 million, with loss per diluted share of $0.55, compared to a net loss of $13.2 million, with loss per diluted share of $0.58, for the same period last year.

Adjusted EBITDA in the first quarter of fiscal 2027 was $1.0 million, compared to $2.6 million in the first quarter last year.

1

Segment Results

Agriculture Segment - Revenue for the first quarter of fiscal 2027 was $344.2 million, compared to $384.4 million in the first quarter last year, reflecting a same-store sales decrease of 8.2%. The decrease resulted from softening demand for equipment, driven by continued pressure on grower profitability. Pre-tax loss for the first quarter of fiscal 2027 improved to $6.2 million, compared to pre-tax loss of $12.8 million in the first quarter last year.

Construction Segment - Revenue for the first quarter of fiscal 2027 was $67.5 million, compared to $72.1 million in the first quarter last year, reflecting a same-store sales decrease of 6.5%, which was primarily due to lower equipment sales. Pre-tax loss for the first quarter of fiscal 2027 improved to $0.6 million, compared to pre-tax loss of $4.2 million in the first quarter last year.

Europe Segment - Revenue for the first quarter of fiscal 2027 was $60.4 million, including a $4.2 million benefit related to foreign currency fluctuations versus the prior year period, compared to $93.9 million in the first quarter last year. Net of the effect of these foreign currency fluctuations, revenue decreased $37.7 million, or 40.2%. The revenue decrease was primarily due to lower equipment demand compared to the prior year period, which had been driven by stronger sales resulting from European Union stimulus programs in Romania. Pre-tax loss for the first quarter of fiscal 2027 was $0.9 million, compared to pre-tax income of $4.

EX-99.1

2 titn8-kfy26q4releaseex991.htm

EX-99.1

Document

Titan Machinery Inc. Announces Results for

Fiscal Fourth Quarter and Full Year Ended January 31, 2026

- Achieves $206 Million Cumulative Inventory Reduction in Fiscal 2026, Surpassing Target of $150 Million -

- Introduces Fiscal 2027 Modeling Assumptions -

West Fargo, ND – March 19, 2026 – Titan Machinery Inc. (Nasdaq: TITN), ("Titan Machinery" or the "Company"), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal fourth quarter and full year ended January 31, 2026.

"Our fiscal 2026 results represent a year of decisive execution on our inventory reduction initiative. For the full fiscal year, we reduced total inventory by $206 million, significantly exceeding our target of $150 million — and we did it while delivering stronger-than-anticipated equipment margins. That combination is something our entire team is extremely proud of achieving. Inventory levels peaked in the second quarter of fiscal 2025, and over the next 18 months we reduced total inventory by $625 million," commented Bryan Knutson, Titan Machinery's President and Chief Executive Officer. "We will continue to focus on optimizing the mix of our inventory but do not have further targeted reductions from an overall inventory level perspective as we head into fiscal 2027. The work we put in this year to right-size our inventory gives us a fundamentally stronger foundation to operate from, and I'm confident it will prove to be a pivotal step in positioning Titan for the next phase of the cycle."

Fiscal 2026 Fourth Quarter Results

Consolidated Results

For the fourth quarter of fiscal 2026, revenue was $641.8 million, compared to $759.9 million in the fourth quarter of last year. Equipment revenue was $501.5 million for the fourth quarter of fiscal 2026, compared to $621.8 million in the fourth quarter last year. Parts revenue was $91.1 million for the fourth quarter of fiscal 2026, compared to $89.3 million in the fourth quarter last year. Revenue generated from service was $36.1 million for the fourth quarter of fiscal 2026, compared to $36.6 million in the fourth quarter last year. Revenue from rental and other was $13.1 million for the fourth quarter of fiscal 2026, compared to $12.1 million in the fourth quarter last year.

Gross profit for the fourth quarter of fiscal 2026 was $87.0 million compared to $51.0 million in the fourth quarter last year. The Company's gross profit margin was 13.5% in the fourth quarter of fiscal 2026, compared to 6.7% in the fourth quarter last year. The year-over-year improvement primarily reflects the lapsing of inventory impairments and other inventory reduction efforts in the fourth quarter of the prior year that significantly compressed equipment margins. Equipment margins in the fiscal 2026 fourth quarter continued to face pressure from softer retail demand and remaining aged inventory; however, margins have improved as inventory levels have returned to healthier levels.

Operating expenses were $95.7 million for the fourth quarter of fiscal 2026, compared to $96.7 million in the fourth quarter last year. Operating expense as a percentage of revenue was 14.9% for the fourth quarter of fiscal 2026, compared to 12.7% of revenue in the fourth quarter last year.

Floorplan interest expense and other interest expense was $9.6 million for the fourth quarter of fiscal 2026, compared to $13.1 million for the same period last year. Floorplan interest expense decreased in the fourth quarter of fiscal 2026 compared to the same period last year due to the decrease in interest-bearing inventory levels.

1

In the fourth quarter of fiscal 2026, net loss was $36.2 million, with loss per diluted share of $1.59, which includes a recognition of a non-cash valuation allowance on US deferred tax assets that resulted in an increase in tax expense of $17.8 million or $0.78 per diluted share, which was greater than the Company's initial expectation. This compares to net loss of $43.8 million, with loss per diluted share of $1.93, for the fourth quarter of last year.

Adjusted net loss, which excludes restructuring and impairment charges related to wind-down activities in Germany, was $32.5 million or $1.43 loss per diluted share in the fourth quarter of fiscal 2026. This compares to an adjusted net loss of $44.9 million, or $1.98 loss per diluted share for the fourth quarter of the prior year, which excluded the net impact of sale-leaseback financing expenses.

Adjusted EBITDA in the fourth quarter of fiscal 2026 was negative $5.0 million, an improvement of $41.0 million compared to negative $46.0 million of adjusted EBITDA generated in the fourth quarter of last year.

Segment Results

Agriculture Segment - Revenue for the fourth quarter of fiscal 2026 was $406.7 million, compared to $534.7 million in the fourth quarter last year, reflecting a same-store sales decrease of 22.8%. The revenue