Last $14.06 USD
Change Today -0.28 / -1.95%
Volume 93.4K
TITN On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

titan machinery inc (TITN) Snapshot

Open
$14.40
Previous Close
$14.34
Day High
$14.40
Day Low
$13.92
52 Week High
04/14/14 - $20.40
52 Week Low
09/9/14 - $11.85
Market Cap
301.1M
Average Volume 10 Days
136.1K
EPS TTM
$0.49
Shares Outstanding
21.4M
EX-Date
--
P/E TM
28.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for TITAN MACHINERY INC (TITN)

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titan machinery inc (TITN) Details

Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in the United States and Europe. The company operates through three segments: Agriculture, Construction, and International. It sells new and used equipment comprising agricultural and construction equipment manufactured under the CNH family of brands, as well as equipment from various other manufacturers. The company’s agricultural equipment include application equipment and sprayers, combines and attachments, hay and forage equipment, planting and seeding equipment, precision farming technology, tillage equipment, and tractors for farming, and home and garden applications. The company’s construction equipment comprise articulated trucks, compact track loaders, compaction equipment, cranes, crawler dozers, excavators, forklifts, loader/backhoes, loader/tool carriers, motor graders, skid steer loaders, telehandlers, skid steers, and wheel loaders for commercial and residential construction, road and highway construction, and mining applications. Titan Machinery Inc. also sells maintenance and replacement parts of equipment that it sells, as well as for other types of equipment. In addition, the company provides repair and maintenance services consisting of warranty repairs, onsite repair services, and scheduling off-season maintenance services, as well as notifies customers of periodic service requirements; provides training programs to customers; and sells extended warranty services. Further, it rents equipment; and provides ancillary equipment support activities. As of April 10, 2014, the company operated a network of 96 North American dealerships in North Dakota, South Dakota, Iowa, Minnesota, Montana, Nebraska, Wyoming, Wisconsin, Colorado, Arizona, and New Mexico, including 3 outlet stores; and 16 European dealerships in Romania, Bulgaria, Serbia, and Ukraine. Titan Machinery Inc. was founded in 1980 and headquartered in West Fargo, North Dakota.

2,497 Employees
Last Reported Date: 04/11/14
Founded in 1980

titan machinery inc (TITN) Top Compensated Officers

Founder, Chairman and Chief Executive Officer
Total Annual Compensation: $500.0K
President and Director
Total Annual Compensation: $500.0K
Chief Financial Officer and Chief Accounting ...
Total Annual Compensation: $285.0K
Compensation as of Fiscal Year 2014.

titan machinery inc (TITN) Key Developments

Titan Machinery Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 31, 2014; Revises Earnings Guidance for the Fiscal Year Ending January 31, 2015

Titan Machinery Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 31, 2014. For the second quarter, the company reported total revenue of $450,990,000 compared to $488,180,000 a year ago. Income from operations was $11,707,000 compared to $13,397,000 a year ago. Income before income tax was $1,812,000 compared to $6,556,000 a year ago. Net loss attributable to the company was $614,000 compared to net income attributable to the company of $3,833,000 in the second quarter last year. Net loss attributable to the common stockholders was $603,000 compared to net income attributable to the common stockholders of $3,777,000 a year ago. Loss per diluted share was $0.03 compared to earnings per share of $0.18 in the second quarter last year. Adjusted net income attributable to the common stockholders was $789,000 or $0.04 per diluted share compared to $3,777,000 or $0.18 per diluted share a year ago. For the six months, the company reported total revenue of $916,453,000 compared to $929,854,000 a year ago. Income from operations was $13,693,000 compared to $18,412,000 a year ago. Loss before income tax was $6,814,000 compared to income before income tax of $5,559,000 a year ago. Net loss attributable to the company was $7,163,000 compared to net income attributable to the company of $3,419,000 in the second quarter last year. Loss per diluted share was $0.34 compared to earnings per share of $0.16 in the second quarter last year. Net loss attributable to the common stockholders was $7,049,000 compared to net income attributable to the common stockholders of $3,374,000 a year ago. Adjusted net loss attributable to the common stockholders was $675,000 or $0.03 per diluted share compared to adjusted net income attributable to the common stockholders of $3,374,000 or $0.16 per diluted share a year ago. Net cash used for operating activities was $79,407,000 compared to $48,481,000 a year ago. Adjusted net cash provided by operating activities was $21,383,000 compared to cash used for operating activities of $26,964,000 a year ago. The company revised earnings guidance for the fiscal year ending January 31, 2015. For the period, the company expects revenue to be in the range of $1.9 billion to $2.1 billion, compared to its previous range of $1.95 billion to $2.15 billion. The company expects adjusted net income attributable to common stockholders to be in the range of $6.4 million to $12.7 million, compared to its previous range of $14.8 million to $21.1 million. The company also expects adjusted earnings per diluted share to be in the range of $0.30 to $0.60, compared to its previous range of $0.70 to $1.00, based on estimated weighted average diluted common shares outstanding of 21.1 million. The company expects GAAP net income attributable to common stockholders to be in the range of breakeven to $6.3 million, compared to the previous range of $12.5 million to $18.8 million, and GAAP earnings per diluted share to be in the range of $0.00 to $0.30, compared to the previous range of $0.59 to $0.89 based on estimated weighted average diluted common shares outstanding of 21.1 million. GAAP net income and earnings per diluted share guidance includes the impact of the $3.4 million pre-tax charge, or $0.10 per diluted share, associated with the Company's realignment as well as $4.4 million, or $0.21 per diluted share, due to the balance sheet impact of the Ukrainian Hryvnia devaluation, which were realized in the first six months of fiscal 2015. The company expected to generate annual Non-GAAP cash flow from operations in the range of $50.0 million to $70.0 million for fiscal 2015, compared to the previous range of $60.0 to $80.0 million. This reflects an improvement of $100.8 million to $120.8 million compared to Non-GAAP cash flow from operations of $(50.8) million in fiscal 2014. The primary driver of the improved cash flow is the company's anticipated reduction in equipment inventory level of approximately $250 million in fiscal 2015.

Titan Machinery, Inc. to Report Q2, 2015 Results on Sep 09, 2014

Titan Machinery, Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Sep 09, 2014

Titan Machinery, Inc., Q2 2015 Earnings Call, Sep 09, 2014

Titan Machinery, Inc., Q2 2015 Earnings Call, Sep 09, 2014

 

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