Titan Machinery still sees FY26 adjusted EPS ($2.00)-($1.25), consensus ($1.80)

Maintains FY26 segment revenue growth view of (25%)-(20%) for the Agriculture segment and (10%)-(5%) for the construction segment, raises Europe segment revenue growth view to 23%-28% from flat to up 5% and lowers Australia revenue segment revenue growth view to (25%)-(20%) from (20%)-(15%). CEO Bryan Knutson stated, “We are reiterating our full year diluted adjusted earnings per share guidance, as our consolidated performance is tracking within our expected range. Internationally, we are updating our segment revenue assumptions for both Europe and Australia given local dynamics, but we believe that absent unique variables, the broader agriculture sector remains challenged in the near-term given broad-based weakness in commodity prices, which is consistent with our base expectations. Looking ahead, the progression of our inventory reduction efforts remains core to our operating strategy to stabilize equipment margins and restore the business’s earnings power.”