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(2018-04-25)

$441.8 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

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 Financials

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 (Q3, 2018)	330.3 m
Gross profit (Q3, 2018)	61.5 m
Gross profit margin (Q3, 2018), %	18.6%
EBIT (Q3, 2018)	8.5 m
Market capitalization (25-Apr-2018)	441.8 m
Cash (31-Oct-2017)	43.9 m
EV	399.5 m

Titan Machinery's current market capitalization is $441.8 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
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
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
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
Gross profit Margin, %	16%	16%	18%	17%	17%	19%	19%	19%	19%	18%	19%	20%	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
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
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
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
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

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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
Net Income	9.1 m	(4.5 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
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)
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