Last $16.14 USD
Change Today +0.09 / 0.56%
Volume 68.1K
TITN On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

titan machinery inc (TITN) Snapshot

Open
$16.11
Previous Close
$16.05
Day High
$16.29
Day Low
$15.98
52 Week High
07/23/13 - $20.96
52 Week Low
12/5/13 - $14.19
Market Cap
343.0M
Average Volume 10 Days
123.7K
EPS TTM
$0.71
Shares Outstanding
21.3M
EX-Date
--
P/E TM
22.7x
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 Appoints Theodore Crosbie to its Board of Directors, Effective August 1, 2014

Titan Machinery Inc. announced that it has appointed Theodore (Ted) Crosbie, Ph.D., to its Board of Directors. Dr. Crosbie's term will begin August 1, 2014. With the appointment of Dr. Crosbie, the Board now consists of nine board members, including six independent members. Dr. Crosbie recently retired from Monsanto Company in March 2014, after serving the company in senior leadership positions since 1996. Most recently, Dr. Crosbie served as Vice President and the executive leader of Monsanto's Integrated Farming Systems platform (2010 - 2014). In this role, he pioneered the effort to develop and implement Monsanto's agronomic solutions and precision agriculture programs for farmers.

Titan Machinery, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 30, 2014; Reiterates Earnings Guidance for the Full Year Ending January 31, 2015

Titan Machinery, Inc. reported unaudited consolidated earnings results for the first quarter ended April 30, 2014. For the first quarter, the company’s revenue was $465.5 million, compared to $441.7 million in the first quarter last year. Pre-tax loss was $6.3 million. Excluding the aforementioned store closing and realignment charges, adjusted pre-tax loss for the first quarter of fiscal 2015 was $3.1 million. This compares to pre-tax loss of $1.0 million in the first quarter last year. Net loss attributable to common stockholders was $4.1 million, or a loss per diluted share of $0.20. This net loss includes the after-tax store closing costs of $1.9 million. Adjusted net loss attributable to common stockholders for the first quarter of fiscal 2015 was $2.2 million, or $0.11 per diluted share. This compares to net loss attributable to common stockholders of $0.4 million, or $0.02 per diluted share, in the first quarter last year. Income from operations was $1.986 million compared to $5.015 million a year ago. The company's net cash used for operating activities was $54.6 million on a GAAP basis. The company evaluates its cash flow from operating activities net of all floorplan payable activity. Taking this adjustment into account, the company generated adjusted net cash from operating activities of $10.7 million. The company reiterated earnings guidance for the full year ending January 31, 2015. The company is reiterating its fiscal 2015 annual revenue, net income, and operating cash flow outlook. The company continues to expect revenue to be in the 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 $14.8 million to $21.1 million, and adjusted earnings per diluted share to be in the 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 $12.5 million to $18.8 million, and GAAP earnings per diluted share to be in the 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 $3.8 million pre-tax charge, or $0.11 per diluted share, associated with the company's realignment that it realized in the first quarter of fiscal 2015. The company expects to generate non-GAAP cash flow from operations in the range of $60.0 million to $80.0 million for fiscal 2015. This reflects an improvement of $110.8 million to $130.8 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 Q1, 2015 Results on Jun 05, 2014

Titan Machinery, Inc. announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on Jun 05, 2014

 

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Valuation TITN Industry Range
Price/Earnings 68.0x
Price/Sales 0.2x
Price/Book 0.8x
Price/Cash Flow 67.7x
TEV/Sales NM Not Meaningful
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