TITN - Titan Machinery Stock Plunges After Missing Q1 Targets Inventory Issues Persist | Benzinga
Titan Machinery Inc (NASDAQ:TITN) shares slipped after reporting worse-than-expected first-quarter fiscal 2025 earnings.
The company recorded revenue growth of 10.4% year-over-year to $628.703 million, missing the consensus of $661.73 million.
The gross profit was $121.755 million (+2.7% Y/Y), and the margin contracted 145 bps to 19.4%, reflecting lower equipment margins, which are being driven by higher levels of inventory and softening demand.
The equipment stores company registered an EPS of $0.41, missing the consensus of $0.61. Operating margin for the quarter was 3.6% compared to 6.5% a year ago
Segment Revenues: Agriculture $447.687 million (+5.8% Y/Y), Construction $71.49 million (-0.7% Y/Y), Europe totaled $65.105 million (-12.5% Y/Y), and Australia $44.419 million.
Equipment sales increased ...