$337.7 M

TITN Mkt cap, 15-Oct-2018

$299.9 M

Titan Machinery Revenue Q2, 2019
Titan Machinery Gross profit (Q2, 2019)58.9 M
Titan Machinery Gross profit margin (Q2, 2019), %19.6%
Titan Machinery Net income (Q2, 2019)5.2 M
Titan Machinery EBIT (Q2, 2019)10.5 M
Titan Machinery Cash, 31-Jul-201849.7 M
Titan Machinery EV290 M

Titan Machinery Revenue

Titan Machinery revenue was $1.20 b in FY, 2018 which is a 0.8% year over year decrease from the previous period.

Embed Graph

Titan Machinery Revenue Breakdown

Embed Graph

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

Titan Machinery Income Statement

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

Gross profit Margin, %

16%16%15%18%18%

Operating expense total

229.0mwdxefcqufszuzezftuxetqsqxt216.1m214.4m

EBIT

46.9m723.0k(23.1m)(2.4m)925.0k

EBIT margin, %

2%0%(2%)0%0%

Interest expense

478.0k

Interest income

1.5m1.6m

Pre tax profit

18.4m(38.3m)(56.2m)(22.7m)(14.4m)

Income tax expense

(10.3m)(4.9m)(18.0m)(8.2m)(7.4m)

Net Income

8.1m(33.4m)(38.2m)(14.5m)(7.0m)

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%

EBIT

18.6m2.0m11.7m15.2m1.7m6.8m13.6m(1.2m)1.4m5.0m(5.4m)(3.3m)8.5m831.0k10.5m

EBIT margin, %

3%0%3%3%0%2%4%0%1%2%(2%)(1%)3%0%4%

Interest income

385.0k

Pre tax profit

10.1m(6.3m)1.8m5.7m(8.8m)(479.0k)5.7m(5.8m)(4.5m)56.0k(9.4m)(7.2m)4.9m(2.2m)7.8m

Income tax expense

(4.3m)(2.6m)(3.4m)(649.0k)2.2m(1.9m)(1.8m)(208.0k)2.5m(551.0k)2.6m

Net Income

(1.6m)5.2m

Titan Machinery Balance Sheet

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

Current Assets

1.3b1.1b858.2m607.9m599.1m

PP&E

228.0m208.7m183.2m156.6m151.0m

Goodwill

24.8m

Total Assets

1.6b1.3b1.0b771.4m760.3m

Accounts Payable

17.7m23.7m16.9m17.3m15.1m

Short-term debt

1.4m1.6m

Current Liabilities

875.0m729.6m523.4m308.8m328.3m

Long-term debt

38.2m34.6m

Non-Current Liabilities

278.3m241.8m186.1m141.4m110.2m

Total Debt

39.6m36.2m

Total Liabilities

1.2b971.4m709.5m450.2m438.5m

Additional Paid-in Capital

238.9m240.2m242.5m240.6m246.5m

Retained Earnings

169.6m137.4m99.5m85.3m77.0m

Total Equity

411.3m378.4m338.3m321.2m321.9m

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0.1 x

Financial Leverage

3.8 x3.6 x3.1 x2.4 x2.4 x

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

Goodwill

31.0m24.8m24.8m24.7m

Total Assets

1.7b1.6b1.6b1.6b1.3b1.3b1.2b1.0b984.8m920.3m782.9m822.4m818.3m809.4m839.4m

Accounts Payable

34.3m26.1m23.2m26.7m17.5m18.4m23.2m18.3m16.3m22.9m20.1m16.3m19.6m16.3m18.7m

Short-term debt

1.5m1.6m2.0m

Current Liabilities

1.1b940.7m973.0m884.8m710.0m692.4m613.7m522.0m507.3m462.0m328.4m375.5m385.9m394.0m480.3m

Non-Current Liabilities

267.1m250.6m247.4m283.0m221.6m218.5m206.1m147.4m147.8m125.9m137.2m132.2m113.2m93.9m33.2m

Total Debt

1.5m1.6m2.0m

Additional Paid-in Capital

238.3m238.8m239.4m240.1m240.5m241.2m242.1m243.7m240.7m242.0m242.9m244.5m245.1m246.5m247.1m

Retained Earnings

170.0m165.4m162.4m164.9m131.1m131.1m134.6m95.8m93.3m93.6m78.2m73.0m75.4m75.4m80.6m

Total Equity

410.2m405.3m404.6m405.0m366.0m369.6m373.8m336.6m329.8m332.3m317.3m314.7m319.2m321.5m326.0m

Debt to Equity Ratio

0 x0 x

Debt to Assets Ratio

0 x0 x

Financial Leverage

4.2 x3.9 x4 x3.9 x3.5 x3.5 x3.2 x3 x3 x2.8 x2.5 x2.6 x2.6 x2.5 x2.6 x

Titan Machinery Cash Flow

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

Purchases of PP&E

(8.1m)(9.3m)(13.5m)

Cash From Investing Activities

(7.1m)4.4m(126.0k)(9.1m)(24.6m)

Long-term Borrowings

(134.0m)(140.7m)(116.9m)(17.2m)(36.8m)

Cash From Financing Activities

39.8m9.0m(269.0m)(168.0m)(71.5m)

Net Change in Cash

(38.1m)(36.3m)245.0k

Interest Paid

26.1m30.0m25.8m20.8m13.6m

Income Taxes Paid

15.7m6.4m7.3m(13.1m)(5.6m)

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)

Cash From Investing Activities

(11.0m)(6.1m)(6.0m)2.5m(1.4m)(1.5m)(360.0k)(672.0k)(7.0m)(9.7m)(15.4m)(2.6m)(5.3m)

Long-term Borrowings

(49.4m)(2.5m)(5.6m)(16.2m)(5.7m)(44.5m)(101.5m)(526.0k)(1.3m)(1.9m)(2.3m)(22.7m)(13.4m)(14.1m)

Cash From Financing Activities

107.4m68.4m100.8m116.6m(35.3m)(215.7m)(246.9m)(550.0k)(95.4m)(104.6m)(28.2m)(47.6m)33.4m15.7m

Interest Paid

17.0m5.5m13.8m21.0m7.7m13.4m18.5m4.7m11.1m15.5m3.4m7.2m2.0m5.4m

Income Taxes Paid

9.1m4.0m3.7m5.8m4.1m4.1m5.3m(3.3m)(12.9m)(12.9m)3.0k906.0k1.1m

Titan Machinery Ratios

USDY, 2018

EV/EBIT

27.5 x

EV/CFO

-20.6 x

Financial Leverage

2.6 x
Report incorrect company information