Titan Machinery Inc. (TITN) Income Statement Analysis

See more : Alexium International Group Limited (AXIIF) Income Statement Analysis – Financial Results

Complete financial analysis of Titan Machinery Inc. (TITN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Titan Machinery Inc., a leading company in the Industrial – Distribution industry within the Industrials sector.

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Titan Machinery Inc. (TITN)

Industry: Industrial - Distribution

Sector: Industrials

Website: https://www.titanmachinery.com

About Titan Machinery Inc.

Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores in the United States and Europe. It operates through three segments: Agriculture, Construction, and International. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers. Its agricultural equipment includes machinery and attachments for use in the production of food, fiber, feed grain, and renewable energy; and home and garden applications, as well as maintenance of commercial, residential, and government properties. The company's construction equipment comprises heavy construction machinery, light industrial machinery for commercial and residential construction, road and highway construction machinery, and energy and forestry operations equipment. It also sells maintenance and replacement parts. In addition, the company offers repair and maintenance services that include warranty repairs, off-site and on-site repair services, scheduling off-season maintenance services, and notifying customers of periodic service requirements; and training programs to customers. Further, it rents equipment; and provides ancillary equipment support services, such as equipment transportation, global positioning system signal subscriptions and other precision farming products, farm data management products, and CNH Industrial finance and insurance products. The company operates in Colorado, Iowa, Minnesota, Montana, Nebraska, North Dakota, South Dakota, Wisconsin, and Wyoming, the United States; and Bulgaria, Germany, Romania, and Ukraine, Europe. Titan Machinery Inc. was founded in 1980 and is headquartered in West Fargo, North Dakota.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	2.76B	2.21B	1.71B	1.41B	1.31B	1.26B	1.20B	1.21B	1.37B	1.90B	2.23B	2.20B	1.66B	1.09B	838.78M	690.44M	432.97M	292.60M	228.47M	162.18M	97.46M	66.56M
Cost of Revenue	2.23B	1.77B	1.38B	1.15B	1.05B	1.03B	987.64M	999.35M	1.16B	1.59B	1.88B	1.86B	1.38B	919.92M	697.69M	570.57M	360.92M	243.99M	193.76M	0.00	79.27M	54.19M
Gross Profit	531.35M	439.84M	332.72M	261.36M	250.82M	231.59M	215.30M	213.73M	205.91M	308.38M	348.07M	339.36M	275.46M	174.57M	141.10M	119.87M	72.05M	48.61M	34.71M	162.18M	18.19M	12.37M
Gross Profit Ratio	19.26%	19.91%	19.44%	18.52%	19.22%	18.36%	17.90%	17.62%	15.05%	16.23%	15.63%	15.44%	16.60%	15.95%	16.82%	17.36%	16.64%	16.61%	15.19%	100.00%	18.66%	18.58%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	86.94M	53.19M	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	361.83M	285.62M	241.04M	217.78M	225.72M	201.54M	203.20M	211.37M	220.52M	273.27M	291.20M	247.56M	0.00	0.00	0.00	86.94M	53.19M	37.40M	26.98M	0.00	0.00	0.00
Other Expenses	679.00K	301.52M	241.04M	220.77M	225.72M	201.54M	203.20M	211.37M	220.52M	273.27M	291.20M	247.56M	193.86M	130.54M	109.00M	53.19M	53.19M	0.00	0.00	0.00	16.61M	11.13M
Operating Expenses	362.51M	301.52M	241.04M	220.77M	225.72M	201.54M	203.20M	211.37M	220.52M	273.27M	291.20M	247.56M	193.86M	130.54M	109.00M	86.94M	53.19M	37.40M	26.98M	0.00	16.61M	11.13M
Cost & Expenses	2.59B	2.07B	1.62B	1.37B	1.28B	1.23B	1.19B	1.21B	1.38B	1.87B	2.17B	2.11B	1.58B	1.05B	806.68M	657.51M	414.11M	281.39M	220.74M	0.00	95.88M	65.32M
Interest Income	0.00	3.86M	2.43M	527.00K	3.13M	2.55M	1.64M	1.52M	0.00	0.00	2.11M	1.65M	1.64M	1.79M	1.84M	1.55M	0.00	348.81K	87.69K	143.74K	0.00	0.00
Interest Expense	21.11M	6.94M	5.71M	7.18M	9.81M	13.87M	17.00M	21.87M	33.10M	39.06M	30.56M	22.76M	9.67M	8.58M	6.95M	3.97M	0.00	5.47M	3.37M	1.69M	0.00	0.00
Depreciation & Amortization	31.48M	25.20M	32.02M	35.24M	40.30M	23.61M	25.11M	26.87M	28.54M	31.77M	30.79M	23.46M	15.26M	8.97M	7.95M	4.58M	2.52M	1.77M	1.20M	829.37K	0.00	0.00
EBITDA	200.32M	167.38M	124.63M	73.17M	64.16M	53.66M	37.20M	27.23M	5.43M	32.49M	87.67M	116.92M	98.51M	54.79M	41.89M	39.06M	18.13M	13.33M	9.02M	4.78M	1.58M	1.24M
EBITDA Ratio	7.26%	7.58%	6.79%	4.59%	4.31%	4.46%	3.23%	2.53%	1.02%	3.52%	2.65%	4.25%	5.94%	5.01%	4.99%	5.43%	5.82%	4.44%	3.91%	100.00%	1.62%	1.86%
Operating Income	168.85M	138.32M	90.18M	37.41M	21.33M	27.48M	925.00K	-2.37M	-23.11M	723.00K	46.88M	91.80M	81.60M	44.03M	32.10M	32.93M	18.86M	11.21M	7.73M	162.18M	1.58M	1.24M
Operating Income Ratio	6.12%	6.26%	5.27%	2.65%	1.63%	2.18%	0.08%	-0.20%	-1.69%	0.04%	2.11%	4.18%	4.92%	4.02%	3.83%	4.77%	4.36%	3.83%	3.39%	100.00%	1.62%	1.86%
Total Other Income/Expenses	-17.81M	-3.08M	-3.28M	-6.66M	-6.68M	-11.33M	-15.36M	-20.34M	-33.10M	-39.06M	-28.45M	-21.11M	-8.03M	-6.79M	-5.11M	-2.42M	-9.54M	-5.12M	-3.28M	-1.55M	-1.30M	-557.00K
Income Before Tax	151.04M	135.24M	86.90M	30.75M	14.65M	16.15M	-14.44M	-22.71M	-56.21M	-38.34M	18.43M	70.70M	73.57M	37.24M	26.99M	30.50M	9.32M	6.09M	4.45M	0.00	279.00K	682.00K
Income Before Tax Ratio	5.48%	6.12%	5.08%	2.18%	1.12%	1.28%	-1.20%	-1.87%	-4.11%	-2.02%	0.83%	3.22%	4.43%	3.40%	3.22%	4.42%	2.15%	2.08%	1.95%	0.00%	0.29%	1.02%
Income Tax Expense	38.60M	33.37M	20.85M	11.40M	699.00K	3.97M	-7.39M	-8.18M	-17.98M	-4.92M	10.33M	28.14M	29.43M	14.90M	11.26M	12.43M	4.11M	2.45M	1.72M	-1.27M	115.00K	266.00K
Net Income	110.92M	101.87M	66.05M	19.36M	13.95M	12.18M	-7.05M	-14.18M	-37.89M	-32.16M	8.85M	42.47M	44.16M	22.34M	15.74M	18.07M	5.21M	3.64M	2.73M	1.27M	164.00K	416.00K
Net Income Ratio	4.02%	4.61%	3.86%	1.37%	1.07%	0.97%	-0.59%	-1.17%	-2.77%	-1.69%	0.40%	1.93%	2.66%	2.04%	1.88%	2.62%	1.20%	1.24%	1.20%	0.78%	0.17%	0.63%
EPS	4.93	4.50	2.93	0.86	0.63	0.56	-0.33	-0.67	-1.79	-1.54	0.41	1.99	2.21	1.25	0.89	1.11	0.90	0.81	0.60	0.27	0.02	0.11
EPS Diluted	4.93	4.49	2.92	0.86	0.63	0.56	-0.33	-0.65	-1.75	-1.50	0.41	1.99	2.18	1.23	0.88	1.08	0.67	0.57	0.47	0.24	0.02	0.11
Weighted Avg Shares Out	22.49M	22.37M	22.24M	22.10M	21.95M	21.81M	21.54M	21.29M	21.11M	20.93M	21.26M	21.02M	19.81M	17.66M	17.59M	16.29M	5.61M	4.49M	4.34M	4.34M	4.34M	3.78M
Weighted Avg Shares Out (Dil)	22.50M	22.38M	22.25M	22.10M	21.95M	21.82M	21.54M	21.84M	21.60M	21.41M	21.26M	21.09M	20.11M	17.96M	17.97M	16.78M	8.25M	6.38M	6.32M	6.11M	4.35M	3.78M

Titan Machinery Inc. Announces Leadership Succession to Drive Next Phase of Growth

October 18, 2023globenewswire.com

President and COO Bryan Knutson to Become President and CEO Chairman and CEO David Meyer to Assume Role of Executive Chairman WEST FARGO, N.D., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (Nasdaq: TITN) (the “Company”), a leading network...

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How Much Upside is Left in Titan Machinery (TITN)? Wall Street Analysts Think 52.71%

September 13, 2023zacks.com

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