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Titan Machinery Inc (TITN.OQ)

TITN.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Titan Machinery Reports Q3 Adjusted Earnings Per Share Of $0.20
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Titan Machinery Inc ::ANNOUNCES RESULTS FOR FISCAL THIRD QUARTER ENDED OCTOBER 31, 2017.Q3 ADJUSTED EARNINGS PER SHARE $0.20.Q3 GAAP EARNINGS PER SHARE $0.11.Q3 REVENUE $330.3 MILLION VERSUS I/B/E/S VIEW $307.3 MILLION.Q3 EARNINGS PER SHARE VIEW $0.08 -- THOMSON REUTERS I/B/E/S.- INVENTORY LEVEL INCREASED TO $529.8 MILLION AS OF OCTOBER 31, 2017, COMPARED TO $478.3 MILLION AS OF JANUARY 31, 2017.- ‍CURRENT ASSUMPTIONS FOR 2018 DILUTED LOSS PER SHARE $0.15 - $0.25.- ‍RESTRUCTURING COSTS WERE $2.6 MILLION FOR Q3 OF FISCAL 2018​.- ANTICIPATES COMPLETING ALL RESTRUCTURING ACTIVITIES BY END OF FISCAL 2018.FY2018 EARNINGS PER SHARE VIEW $-0.22 -- THOMSON REUTERS I/B/E/S.  Full Article

Titan Machinery reports Q2 loss per share of $0.24
Thursday, 31 Aug 2017 

Aug 31 (Reuters) - Titan Machinery Inc ::Announces results for fiscal second quarter ended July 31, 2017.Company reduced used equipment inventory during first six months of fiscal 2018 by $25 million or 15.6 percent.Q2 loss per share $0.24.Q2 adjusted loss per share $0.04.Q2 earnings per share view $-0.01 -- Thomson Reuters I/B/E/S.Q2 revenue $268.9 million versus i/b/e/s view $259.9 million.‍Restructuring costs were $5.5 million for Q2 of fiscal 2018​.‍Extent, timing of reductions will result in about $200 million of operating expenses, exclusive of restructuring costs, for current fiscal year​.Non-recurring pre-tax costs associated with restructuring plan estimated to be additional $4.0 million for second half of fiscal 2018​.Sees fiscal 2018 loss per share $0.15 to $0.35.Believe agriculture equipment inventory environment continues to stabilize as we improved equipment margins.Now believe will achieve an approximate annual expense reduction of $20 million compared to previously expected $25 million​.Company's inventory level increased to $517.5 million as of July 31, 2017, compared to $478.3 million as of January 31, 2017​.  Full Article

Titan Machinery sees 2018 diluted EPS to be slightly positive
Thursday, 25 May 2017 

May 25 (Reuters) - Titan Machinery Inc ::Titan Machinery Inc announces results for fiscal first quarter ended April 30, 2017.Q1 adjusted non-GAAP loss per share $0.19.Q1 loss per share $0.27.Q1 revenue $264.1 million versus I/B/E/S view $256.4 million.Q1 earnings per share view $-0.16 -- Thomson Reuters I/B/E/S.Titan Machinery -co closed one construction location during Q4 ended January 31, 2017; expects to close 14 agriculture locations during first half of fiscal 2018.Titan Machinery Inc says updating fiscal 2018 modeling assumptions.Sees 2018 international revenue up 13% - 18%.Sees 2018 equipment margin 7.0% - 7.5%.Sees 2018 diluted EPS to be slightly positive.  Full Article

Titan Machinery Inc Q4 loss per share $0.38
Thursday, 30 Mar 2017 

Titan Machinery Inc : Titan Machinery Inc anounces results for fiscal fourth quarter and fiscal year ended January 31, 2017 . Q4 adjusted non-gaap loss per share $0.31 . Q4 loss per share $0.38 . Q4 revenue $317.6 million versus I/B/E/S view $313.3 million . Q4 earnings per share view $-0.21 -- Thomson Reuters I/B/E/S . Titan Machinery - closed one construction location during q4 ended Jan 31, 2017 and expects to close 14 agriculture locations during 1h of fiscal 2018 . "fiscal 2018 is expected to be a challenging operating environment" . Titan Machinery Inc - fiscal 2018 modeling assumptions are international segment sales up 3 percent - 8 percent . "expect to reduce equipment inventory by another $50 million in fiscal 2018" . Titan Machinery Inc - fiscal 2018 modeling assumptions are agriculture segment sales down 10 percent -15 percent (includes impact of closed stores) . Titan Machinery Inc - expect to reduce equipment inventory by another $50 million in fiscal 2018 . Titan Machinery - fiscal 2018 expect diluted EPS to be slightly positive,exclusive of anticipated charges associated with restructuring activities .Titan Machinery Inc - impairment and realignment costs were $4.2 million for Q4 of fiscal 2017.  Full Article

TITAN MACHINERY ELECTS TWO NEW BOARD MEMBERS
Tuesday, 28 Feb 2017 

Titan Machinery Inc : TITAN MACHINERY ELECTS TWO NEW BOARD MEMBERS . TITAN MACHINERY INC - WITH ELECTION OF MESSRS. ERICKSON AND HENDERSON, BOARD WILL NOW CONSISTS OF EIGHT DIRECTORS .TITAN MACHINERY INC - MESSRS. ERICKSON AND HENDERSON'S RESPECTIVE TERMS ON BOARD OF DIRECTORS WILL EACH BEGIN MARCH 1, 2017.  Full Article

Titan Machinery reports Q3 EPS $0.01
Wednesday, 30 Nov 2016 

Titan Machinery Inc : Announces results for fiscal third quarter ended October 31, 2016 . Q3 earnings per share $0.01 . Q3 earnings per share view $0.05 -- Thomson Reuters I/B/E/S . Q3 adjusted non-GAAP loss per share $0.01 . Q3 revenue $332.3 million versus I/B/E/S view $305.1 million . Adjusted diluted loss per share in second half of fiscal 2017 is expected to be less than loss in first half of year . On track to exceed inventory reduction goal by 25 pct, to end FY 2017 with total reduction for year of $125 million in equipment inventory ."We remain optimistic about long-term agriculture trends".  Full Article

BRIEF-Titan Machinery Inc Q4 GAAP Earnings Per Share $0.08

* ANNOUNCES RESULTS FOR FISCAL FOURTH QUARTER AND FULL YEAR ENDED JANUARY 31, 2018