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Titan Machinery Inc (TITN.OQ)

TITN.OQ on NASDAQ Stock Exchange Global Select Market

15.39USD
21 Apr 2017
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$-0.05 (-0.32%)
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Latest Key Developments (Source: Significant Developments)

Titan Machinery Inc Q4 loss per share $0.38
Thursday, 30 Mar 2017 06:45am EDT 

Titan Machinery Inc : Titan Machinery Inc anounces results for fiscal fourth quarter and fiscal year ended January 31, 2017 . Q4 adjusted non-gaap loss per share $0.31 . Q4 loss per share $0.38 . Q4 revenue $317.6 million versus I/B/E/S view $313.3 million . Q4 earnings per share view $-0.21 -- Thomson Reuters I/B/E/S . Titan Machinery - closed one construction location during q4 ended Jan 31, 2017 and expects to close 14 agriculture locations during 1h of fiscal 2018 . "fiscal 2018 is expected to be a challenging operating environment" . Titan Machinery Inc - fiscal 2018 modeling assumptions are international segment sales up 3 percent - 8 percent . "expect to reduce equipment inventory by another $50 million in fiscal 2018" . Titan Machinery Inc - fiscal 2018 modeling assumptions are agriculture segment sales down 10 percent -15 percent (includes impact of closed stores) . Titan Machinery Inc - expect to reduce equipment inventory by another $50 million in fiscal 2018 . Titan Machinery - fiscal 2018 expect diluted EPS to be slightly positive,exclusive of anticipated charges associated with restructuring activities .Titan Machinery Inc - impairment and realignment costs were $4.2 million for Q4 of fiscal 2017.  Full Article

TITAN MACHINERY ELECTS TWO NEW BOARD MEMBERS
Tuesday, 28 Feb 2017 02:35pm EST 

Titan Machinery Inc : TITAN MACHINERY ELECTS TWO NEW BOARD MEMBERS . TITAN MACHINERY INC - WITH ELECTION OF MESSRS. ERICKSON AND HENDERSON, BOARD WILL NOW CONSISTS OF EIGHT DIRECTORS .TITAN MACHINERY INC - MESSRS. ERICKSON AND HENDERSON'S RESPECTIVE TERMS ON BOARD OF DIRECTORS WILL EACH BEGIN MARCH 1, 2017.  Full Article

Titan Machinery reports Q3 EPS $0.01
Wednesday, 30 Nov 2016 06:45am EST 

Titan Machinery Inc : Announces results for fiscal third quarter ended October 31, 2016 . Q3 earnings per share $0.01 . Q3 earnings per share view $0.05 -- Thomson Reuters I/B/E/S . Q3 adjusted non-GAAP loss per share $0.01 . Q3 revenue $332.3 million versus I/B/E/S view $305.1 million . Adjusted diluted loss per share in second half of fiscal 2017 is expected to be less than loss in first half of year . On track to exceed inventory reduction goal by 25 pct, to end FY 2017 with total reduction for year of $125 million in equipment inventory ."We remain optimistic about long-term agriculture trends".  Full Article

Titan Machinery says Q2 loss per share $0.12
Thursday, 25 Aug 2016 06:45am EDT 

Titan Machinery Inc : Titan Machinery Inc announces results for fiscal second quarter ended July 31, 2016 . Q2 adjusted loss per share $0.12 excluding items . Q2 loss per share $0.12 . Q2 earnings per share view $-0.06 -- Thomson Reuters I/B/E/S . Q2 revenue $278.3 million versus i/b/e/s view $291.5 million . Says expect to achieve $100 million inventory reduction goal for fiscal 2017 . Says expect to generate positive adjusted operating cash flow for fiscal 2017 . Says adjusted diluted EPS loss in second half of fiscal 2017 is expected to be less than loss in first half of year . Sees FY 2017 agriculture same store sales down 17 pct to 22 pct . Sees FY 2017 construction same store sales flat . Sees FY 2017 international same store sales down 7 pct to 12 pct . Says inventories at quarter end was $682 million versus $689.5 million in previous quarter .FY 2017 earnings per share view $-0.16, revenue view $1.22 billion -- Thomson Reuters I/B/E/S.  Full Article

Titan Machinery reports Q1 loss per share $0.17
Thursday, 26 May 2016 06:45am EDT 

Titan Machinery Inc : Announces results for fiscal first quarter ended April 30, 2016 . Q1 adjusted loss per share $0.21 excluding items . Q1 loss per share $0.17 . Q1 revenue $284.9 million versus I/B/E/S view $290.6 million . Q1 earnings per share view $-0.17 -- Thomson Reuters I/B/E/S . On track to achieve our $100 million inventory reduction goal and modeling assumptions for fiscal 2017 . "Continue to face headwinds in agricultural and construction segments" . Sees 2017 adjusted diluted EPS range from slight loss to break-even . Ahead of schedule in marketing of aged inventory, having sold $25 million of $74 million targeted aged equipment inventory in q1 2017 .Fy2017 earnings per share view $-0.12 -- Thomson Reuters I/B/E/S.  Full Article

Titan Machinery Inc gives FY 2016 EPS guidance
Thursday, 28 May 2015 06:44am EDT 

Titan Machinery Inc:Expects to be profitable on an adjusted diluted earnings per share basis for FY 2016.  Full Article

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BRIEF-Titan Machinery Inc Q4 loss per share $0.38

* Titan Machinery Inc anounces results for fiscal fourth quarter and fiscal year ended January 31, 2017