Titan Machinery Inc. (TITN)
NASDAQ:TITN
Earnings Data
Report Date
May 21, 2026TBA (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
-0.68Last Year’s EPS
-0.58Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized meaningful operational progress—most notably a large, multi-quarter inventory reduction ($625M over 18 months), marked improvement in inventory quality, a strong Q4 gross margin recovery, lower interest expense and constructive segment-level turnarounds (notably in Domestic Ag, Europe and Australia). Management provided prudently conservative FY27 guidance that anticipates further margin recovery, reduced interest expense and improved adjusted EBITDA. Offsetting these positives are continued revenue declines (total revenue and domestic ag sales materially down), ongoing net losses (including a larger-than-expected non-cash valuation allowance), industry-wide weakness with North American volumes at cyclical trough levels, and remaining inventory/margin pressure in select categories. Overall, the tone is constructive: the company executed well through the downturn and is positioned to benefit when industry conditions improve, but near-term demand challenges and reported losses remain significant risks.Company Guidance
Aggressive Inventory Reduction and Improved Inventory Quality
Reduced total equipment inventory by more than $200 million in fiscal 2026 (to $725 million), surpassing the initial $100M target and revised $150M target; reduced total inventory by $625 million over an 18-month period. Aged equipment (inventory >12 months) declined ~45% to $174 million, with management noting materially improved mix and freshness.
Strong Q4 Gross Profit and Margin Recovery
Fourth-quarter gross profit increased to $87.0 million from $51.0 million year-over-year, and gross profit margin improved to 13.5% (approximately double last year's rate). Management attributes improvement to lapsing prior inventory impairments and inventory reduction efforts; equipment margins began to recover in the back half of the year.
Notable Segment Improvements and Regional Growth
Domestic Agriculture pretax loss improved to $9.9M from an adjusted $56.3M a year ago. Europe (ex-Germany charges) generated adjusted pretax income of $5.4M in Q4. Australia sales grew 16.7% year-over-year to $76.1M, with pretax income rising slightly to $2.5M.
Lower Interest Expense and Conservative Leverage
Floorplan and other interest expense for Q4 was $9.6M, down ~27% year-over-year and down ~13% sequentially, reflecting lower interest-bearing inventory. Adjusted debt to tangible net worth was 1.7x as of 01/31/2026 (well below bank covenant of 3.5x).
Prudent Fiscal 2027 Modeling and Profitability Path
Introduced fiscal 2027 modeling assumptions of an adjusted loss of $1.25 to $1.75 per share (improved from FY26 adjusted loss of $2.22), and guidance for adjusted EBITDA of $17M to $29M (vs. $13.9M in FY26). Management expects consolidated equipment margin to improve to ~8.4% (FY26: 7.3%) and floorplan interest expense to decline ~25% in FY27.
Operational Discipline and Parts & Service Stability
Headcount and discretionary spending reduced year-over-year; parts and service businesses now generate over half of gross profit dollars, providing stability during the equipment downturn. Customer care initiative emphasized as a durable competitive advantage and driver of parts/service performance.
TITN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TITN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 19, 2026 | $15.56 | $14.14 | -9.09% |
Nov 25, 2025 | $16.45 | $19.49 | +18.48% |
Aug 28, 2025 | $21.01 | $19.68 | -6.33% |
May 22, 2025 | $19.94 | $20.13 | +0.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Titan Machinery Inc. (TITN) report earnings?
Titan Machinery Inc. (TITN) is schdueled to report earning on May 21, 2026, TBA (Confirmed).
What is Titan Machinery Inc. (TITN) earnings time?
Titan Machinery Inc. (TITN) earnings time is at May 21, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is TITN EPS forecast?
TITN EPS forecast for the fiscal quarter 2027 (Q1) is -0.68.