Titan Machinery Files Q3 2025 10-Q

Ticker: TITN · Form: 10-Q · Filed: Dec 5, 2024 · CIK: 1409171

Titan Machinery INC. 10-Q Filing Summary
FieldDetail
CompanyTitan Machinery INC. (TITN)
Form Type10-Q
Filed DateDec 5, 2024
Risk Levelmedium
Pages15
Reading Time18 min
Key Dollar Amounts$0.00001, $15.4 million, $0.3 m, $0.2 million, $0.1 million
Sentimentneutral

Sentiment: neutral

Topics: 10-Q, earnings, financials, agriculture

Related Tickers: DE, AGCO, CNH

TL;DR

**TITAN MACHINERY (TITN) Q3 2025 10-Q FILED - CHECK REVENUE & EARNINGS**

AI Summary

Titan Machinery Inc. filed its 10-Q for the period ending October 31, 2024. The company reported its financial results for the third quarter and the first nine months of fiscal year 2025. Specific financial figures for revenue, net income, and earnings per share for these periods are detailed within the filing.

Why It Matters

This filing provides investors with the latest financial performance data for Titan Machinery, crucial for understanding the company's operational health and future prospects in the agricultural and construction equipment sectors.

Risk Assessment

Risk Level: medium — The filing contains standard financial disclosures, but the agricultural and construction equipment sectors can be subject to economic cycles and commodity price fluctuations.

Key Numbers

Key Players & Entities

FAQ

What were Titan Machinery's total revenues for the third quarter of fiscal year 2025?

The filing details revenue figures for the third quarter of fiscal year 2025, ending October 31, 2024, broken down by segment such as Sales of Equipment, Sales of Parts, and Service Sales.

How did the company's net income compare to the prior year's third quarter?

The 10-Q provides comparative net income figures for the three months ended October 31, 2024, and October 31, 2023, allowing for year-over-year comparison.

What is the company's reported earnings per share (EPS) for the nine months ended October 31, 2024?

The filing includes diluted earnings per share for the nine months ended October 31, 2024, which can be found in the consolidated statements of operations.

What are the primary business segments of Titan Machinery as reported in this 10-Q?

The filing categorizes revenue into segments including Sales of Equipment, Sales of Parts, Service Sales, and Rental and Other.

When does Titan Machinery's fiscal year 2025 officially end?

Titan Machinery's fiscal year 2025 ends on January 31, 2025, as indicated in the filing's company data section.

Filing Stats: 4,623 words · 18 min read · ~15 pages · Grade level 17.3 · Accepted 2024-12-05 16:03:11

Key Financial Figures

Filing Documents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION 3

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Operations 4 Condensed Consolidated Statements of Comprehensive Income (Loss) 5 Condensed Consolidated Statements of Stockholders' Equity 6 Condensed Consolidated Statements of Cash Flows 7 Notes to Condensed Consolidated Financial Statements 8

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 22

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 36

CONTROLS AND PROCEDURES

ITEM 4. CONTROLS AND PROCEDURES 36

OTHER INFORMATION

PART II. OTHER INFORMATION 37

LEGAL PROCEEDINGS

ITEM 1. LEGAL PROCEEDINGS 37

RISK FACTORS

ITEM 1A. RISK FACTORS 37

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 37

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 37

DEFAULTS UPON SENIOR SECURITIES

ITEM 3. DEFAULTS UPON SENIOR SECURITIES 37

MINE SAFETY DISCLOSURES

ITEM 4. MINE SAFETY DISCLOSURES 37

OTHER INFORMATION

ITEM 5. OTHER INFORMATION 37

EXHIBITS

ITEM 6. EXHIBITS 37 Exhibit Index 38 Signatures 39 2 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS TITAN MACHINERY INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (in thousands, except per share data) October 31, 2024 January 31, 2024 Assets Current Assets Cash $ 23,420 $ 38,066 Receivables, net of allowance for expected credit losses 140,295 153,657 Inventories, net 1,413,088 1,303,030 Prepaid expenses and other 19,896 24,262 Total current assets 1,596,699 1,519,015 Noncurrent Assets Property and equipment, net of accumulated depreciation 357,056 298,774 Operating lease assets 37,520 54,699 Deferred income taxes 535 529 Goodwill 63,865 64,105 Intangible assets, net of accumulated amortization 52,074 53,356 Other 1,654 1,783 Total noncurrent assets 512,704 473,246 Total Assets $ 2,109,403 $ 1,992,261 Liabilities and Stockholders' Equity Current Liabilities Accounts payable $ 44,689 $ 43,846 Floorplan payable 1,048,221 893,846 Current maturities of long-term debt 9,500 13,706 Current operating lease liabilities 8,178 10,751 Deferred revenue 41,979 115,852 Accrued expenses and other 59,460 74,400 Total current liabilities 1,212,027 1,152,401 Long-Term Liabilities Long-term debt, less current maturities 131,134 106,407 Operating lease liabilities 34,814 50,964 Deferred income taxes 19,701 22,607 Other long-term liabilities 43,527 2,240 Total long-term liabilities 229,176 182,218 Commitments and Contingencies Stockholders' Equity Common stock, par value $ .00001 per share, 45,000,000 shares authorized; 23,125,967 shares issued and outstanding at October 31, 2024; 22,848,138 shares issued and outstanding at January 31, 2024 — — Additional paid-in-capital 261,011 258,657 Retained earnings 404,075 397,225 Accumulated other comprehensive income 3,114 1,760 Total stockholders' equity 668,200 657,642 Total Liabilities and Stockholders' Equity $ 2,109,403 $ 1,992,261 See Notes to Condensed Consolidated Financial Statements 3 Table of Contents TITAN MACHINERY INC. CONDENSED CONSOLI

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