Titan Machinery

Manufacturing & Industrial agriculture construction equipment machinery

Titan Machinery owns and operates a network of full-service agriculture and construction equipment dealerships in the United States and Europe. The Company also represents a varied list of shortline equipment to meet specialized customer demand and niche product needs.

Revenue(FY, 2017)

$1.2 B

Market capitalization(2018-07-18)

$348.9 M

Type

Public

West Fargo, US

Founded

1980

Size (employees)

2,275 (est)

Website

titanmachinery.com

Titan Machinery was founded in 1980 and is headquartered in West Fargo, US

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Titan Machinery Office Locations

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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

Titan Machinery's revenue was reported to be $1.21 b in FY, 2017 which is a 11.3% decrease from the previous period.

Summary

USD
Revenue (Q1, 2019)	245.7 m
Gross profit (Q1, 2019)	47.6 m
Gross profit margin (Q1, 2019), %	19.4%
Net income (Q1, 2019)	(1.6 m)
EBIT (Q1, 2019)	831 k
Market capitalization (18-Jul-2018)	348.9 m
Closing share price (18-Jul-2018)	15.8
Cash (30-Apr-2018)	57.3 m
EV	293.2 m

Titan Machinery's current market capitalization is $348.9 m.

Income Statement

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	2.2 b	1.9 b	1.4 b	1.2 b
Revenue growth, %		(15%)	(28%)	(11%)
Cost of goods sold	1.9 b	1.6 b	1.2 b	999.4 m
Gross profit	348.1 m	308.4 m	205.9 m	213.7 m

Quarterly

USD	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019
Revenue	588 m	465.5 m	451 m	493.1 m	353.2 m	334.2 m	345 m	284.9 m	278.3 m	332.3 m	264.1 m	268.9 m	330.3 m	245.7 m
Cost of goods sold	494.4 m	389.5 m	371.3 m	408.5 m	292.8 m	272.1 m	277.8 m	231.3 m	225.4 m	273.8 m	215.2 m	216.1 m	268.9 m	198.1 m
Gross profit	93.6 m	75.9 m	79.7 m	84.7 m	60.4 m	62.1 m	67.1 m	53.5 m	52.9 m	58.4 m	48.9 m	52.8 m	61.5 m	47.6 m
Gross profit Margin, %	16%	16%	18%	17%	17%	19%	19%	19%	19%	18%	19%	20%	19%	19%

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Balance Sheet

Annual

USD	FY, 2012	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash		74.2 m	127.5 m	89.5 m	53.2 m
Accounts Receivable					101.9 m
Inventories	879.4 m	1.1 b		689.5 m	478.3 m
Current Assets		1.3 b	1.1 b	858.2 m	607.9 m

Quarterly

USD	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019
Cash	113.4 m	82 m	89.7 m	110.2 m	104.4 m	95.4 m	78.4 m	63.8 m	51.1 m	52.4 m	56.2 m	57.5 m	43.9 m	57.3 m
Inventories	1.2 b	1.1 b	1.1 b	1.1 b	880.1 m	877.8 m	813.8 m	684.8 m	682 m	607.6 m	484.1 m	517.5 m	529.8 m	518.2 m
Current Assets	1.4 b	1.3 b	1.3 b	1.3 b	1.1 b	1.1 b	1 b	822.5 m	803.7 m	743.9 m	616.5 m	655.2 m	655.7 m	653.3 m
PP&E	235.9 m	231.8 m	233.1 m	216.9 m	194.8 m	186 m	178.8 m	177.1 m	174.6 m	170 m	159.8 m	160.6 m	156.4 m	146.1 m

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Cash Flow

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	8.1 m
Depreciation and Amortization	30.8 m	31.8 m	28.5 m	26.9 m
Inventories	(182.4 m)	171.6 m	197 m	211.8 m
Accounts Payable			4 m

Quarterly

USD	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q1, 2019
Net Income	9.1 m	(4.5 m)											(1.6 m)
Depreciation and Amortization	23.1 m	6.7 m	14.7 m	23.9 m	6.7 m	13.8 m	21.6 m	6.2 m	12.8 m	19.9 m	6.1 m	12.3 m	5.5 m
Inventories	(287.4 m)	(42 m)	(68.3 m)	(2.4 m)	522 k	8.9 m	72.4 m	9.4 m	13.6 m	91.2 m	(3.8 m)	(32 m)	(42.4 m)
Cash From Operating Activities	(107.4 m)	(54.6 m)	(79.4 m)	(82.6 m)	14.3 m	185.6 m	198.8 m	(24.9 m)	60.4 m	74.4 m	40.9 m	66.9 m	(27 m)