Titan Machinery still sees FY25 adjusted EPS 0c-50c, consensus 86c

CEO Knutson continued, “We recently updated our full year fiscal 2025 modeling assumptions in conjunction with the announcement of our preliminary fiscal Q2 results. In response to the softening of retail demand amid a difficult backdrop of significantly lower net farm income, we have implemented a more aggressive strategy to catalyze sales and reduce our inventories. This strategy requires compression of our near-term equipment margins, and we believe these deliberate actions will help shorten the impact of this contractionary cycle on our performance, and accelerate our return to a more normalized margin profile as the industry cycle progresses.”