Titan Machinery owns and operates a network of full-service agricultural and construction equipment stores. It operates through three segments: Agriculture, Construction, and International. The Company sells new and used equipment, as well as maintenance and replacement parts. In addition, it offers repair and maintenance services, provides training programs to customers, and sells extended warranty services. Further, the Company rents equipment, and provides ancillary equipment support services.

TypePublic
HQWest Fargo, US
Founded1980
Size (employees)2,017 (est)-11%
Websitetitanmachinery.com
Titan Machinery was founded in 1980 and is headquartered in West Fargo, US
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Titan Machinery Office Locations

Titan Machinery has an office in West Fargo
West Fargo, US (HQ)
644 E Beaton Dr
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Titan Machinery Financials and Metrics

Titan Machinery Revenue

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Titan Machinery's revenue was reported to be $1.20 b in FY, 2018 which is a 0.8% decrease from the previous period.
USD

Revenue (Q2, 2019)

299.9m

Gross profit (Q2, 2019)

58.9m

Gross profit margin (Q2, 2019), %

19.6%

Net income (Q2, 2019)

5.2m

EBIT (Q2, 2019)

10.5m

Market capitalization (15-Oct-2018)

337.7m

Closing stock price (15-Oct-2018)

15.2

Cash (31-Jul-2018)

49.7m

EV

290.0m
Titan Machinery's current market capitalization is $337.7 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

2.2b1.9b1.4b1.2b1.2b

Revenue growth, %

(15%)(28%)(11%)(1%)

Cost of goods sold

1.9b1.6b1.2b999.4m987.6m

Gross profit

348.1m308.4m205.9m213.7m215.3m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

588.0m465.5m451.0m493.1m353.2m334.2m345.0m284.9m278.3m332.3m264.1m268.9m330.3m245.7m299.9m

Cost of goods sold

494.4m389.5m371.3m408.5m292.8m272.1m277.8m231.3m225.4m273.8m215.2m216.1m268.9m198.1m241.0m

Gross profit

93.6m75.9m79.7m84.7m60.4m62.1m67.1m53.5m52.9m58.4m48.9m52.8m61.5m47.6m58.9m

Gross profit Margin, %

16%16%18%17%17%19%19%19%19%18%19%20%19%19%20%
Annual
USDFY, 2012FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

74.2m127.5m89.5m53.2m53.4m

Accounts Receivable

60.1m60.7m

Prepaid Expenses

11.0m12.4m

Inventories

879.4m1.1b689.5m478.3m472.5m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

113.4m82.0m89.7m110.2m104.4m95.4m78.4m63.8m51.1m52.4m56.2m57.5m43.9m57.3m49.7m

Inventories

1.2b1.1b1.1b1.1b880.1m877.8m813.8m684.8m682.0m607.6m484.1m517.5m529.8m518.2m547.1m

Current Assets

1.4b1.3b1.3b1.3b1.1b1.1b1.0b822.5m803.7m743.9m616.5m655.2m655.7m653.3m686.3m

PP&E

235.9m231.8m233.1m216.9m194.8m186.0m178.8m177.1m174.6m170.0m159.8m160.6m156.4m146.1m143.6m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

8.1m(38.2m)(14.5m)(7.0m)

Depreciation and Amortization

30.8m31.8m28.5m26.9m25.1m

Inventories

(182.4m)171.6m197.0m211.8m20.3m

Cash From Operating Activities

(50.1m)53.3m231.9m141.0m95.8m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019Q2, 2019

Net Income

9.1m(4.5m)(1.6m)3.6m

Depreciation and Amortization

23.1m6.7m14.7m23.9m6.7m13.8m21.6m6.2m12.8m19.9m6.1m12.3m5.5m11.4m

Inventories

(287.4m)(42.0m)(68.3m)(2.4m)522.0k8.9m72.4m9.4m13.6m91.2m(3.8m)(32.0m)(42.4m)(73.9m)

Cash From Operating Activities

(107.4m)(54.6m)(79.4m)(82.6m)14.3m185.6m198.8m(24.9m)60.4m74.4m40.9m66.9m(27.0m)(14.1m)
USDY, 2018

EV/EBIT

27.5 x

EV/CFO

-20.6 x

Financial Leverage

2.6 x
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Titan Machinery Revenue Breakdown

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Titan Machinery revenue breakdown by business segment: 17.4% from International, 24.9% from Construction and 57.7% from Agriculture

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Titan Machinery Online and Social Media Presence

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Titan Machinery News and Updates

Titan Machinery Inc. to Report Fiscal Second Quarter Ended July 31, 2018 Results on August 30, 2018

WEST FARGO, N.D., Aug. 16, 2018 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agricultural and construction equipment stores, announced today it will release financial results for the second quarter ended July 31, 2018, on Thursday, August 30, 2018, fol…
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Titan Machinery Company Life and Culture

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