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Last $14.86 USD
Change Today +0.04 / 0.27%
Volume 160.6K
TITN On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

titan machinery inc (TITN) Snapshot

Open
$14.80
Previous Close
$14.82
Day High
$15.20
Day Low
$14.76
52 Week High
06/2/14 - $18.25
52 Week Low
12/10/14 - $10.69
Market Cap
318.0M
Average Volume 10 Days
120.9K
EPS TTM
$-0.18
Shares Outstanding
21.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TITAN MACHINERY INC (TITN)

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titan machinery inc (TITN) Details

Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in the United States and Europe. The company operates through three segments: Agriculture, Construction, and International. It sells new and used equipment comprising agricultural and construction equipment manufactured under the CNH family of brands, as well as equipment from various other manufacturers. The company’s agricultural equipment include application equipment and sprayers, combines and attachments, hay and forage equipment, planting and seeding equipment, precision farming technology, tillage equipment, and tractors for farming, and home and garden applications. The company’s construction equipment comprise articulated trucks, compact track loaders, compaction equipment, cranes, crawler dozers, excavators, forklifts, loader/backhoes, loader/tool carriers, motor graders, skid steer loaders, telehandlers, and wheel loaders for commercial and residential construction, road and highway construction, and mining applications. Titan Machinery Inc. also sells maintenance and replacement parts of equipment that it sells, as well as for other types of equipment. In addition, the company provides repair and maintenance services consisting of warranty repairs, on-site repair services, and scheduling off-season maintenance services, as well as notifies customers of periodic service requirements; provides training programs to customers; and sells extended warranty services. Further, it rents equipment; and provides ancillary equipment support activities. As of April 15, 2015, the company operated a network of 92 North American dealerships in North Dakota, South Dakota, Iowa, Minnesota, Montana, Nebraska, Wyoming, Wisconsin, Colorado, Arizona, and New Mexico, including 2 outlet stores; and 16 European dealerships in Romania, Bulgaria, Serbia, and Ukraine. Titan Machinery Inc. was founded in 1980 and headquartered in West Fargo, North Dakota.

2,541 Employees
Last Reported Date: 04/15/15
Founded in 1980

titan machinery inc (TITN) Top Compensated Officers

Founder, Chairman and Chief Executive Officer
Total Annual Compensation: $500.0K
President and Director
Total Annual Compensation: $500.0K
Chief Financial Officer
Total Annual Compensation: $285.0K
Compensation as of Fiscal Year 2014.

titan machinery inc (TITN) Key Developments

The Toro Company Adds Two New Dealers to Extensive Underground Distribution Network

The Toro Company announced the addition of two underground equipment dealers to their expanding distribution network. They include Border Equipment, and Titan Machinery. These new dealers will carry the full line of Toro underground equipment, including directional drills, compact utility loaders, trenchers, vibratory plows and stump grinders.

Titan Machinery Reduces Headcount and Closes Stores

Titan Machinery has reduced its headcount by approximately 14%, which includes headcount reductions at stores in each of its operating segments and its Shared Resource Center. This includes the closing of three Agriculture stores and one Construction store. In addition, the company is reducing discretionary spending levels across all parts of the business and is restructuring certain employee compensation and benefit programs to better align pay for performance. The realignment costs associated with the headcount reductions and store closings are estimated to total approximately $2.0 million.

Titan Machinery, Inc. Reports Unaudited Consolidated Final Earnings Results for the Fiscal Fourth Quarter and Full Year Ended January 31, 2015; Provides Earnings Guidance for the Fiscal Year 2016; Reports Impairment of Goodwill and Other Intangible Assets in the Fourth Quarter of Fiscal 2015

Titan Machinery, Inc. reported unaudited consolidated final earnings results for the fiscal fourth quarter and full year ended January 31, 2015. For the fourth quarter of fiscal 2015, revenue was $490.7 million, compared to $708.6 million in the fourth quarter last year. The Company generated $6.4 million in adjusted EBITDA compared to $23.9 million for the same period of the prior year. Pre-tax loss was $37.2 million compared to pre-tax income of $2.8 million in the fourth quarter last year. Adjusted pre-tax loss was $5.0 million. For the fourth quarter of fiscal 2014, excluding the aforementioned non-cash charge, adjusted pre-tax income was $12.8 million. Net loss attributable to common stockholders was $27.0 million, or $1.28 per diluted share, compared to $0.4 million, or $0.02 per diluted share, for the fourth quarter of fiscal 2014. Excluding non-GAAP items, adjusted net loss attributable to common stockholders was $4.1 million, or $0.20 per diluted share, compared to adjusted net income attributable to common stockholders for the fourth quarter of fiscal 2014 of $7.4 million, or $0.35 per diluted share. Loss from operations was $28.202 million compared to income from operations of $9.862 million a year ago. Net loss attributable to Titan Machinery Inc. was $27.464 million compared to net loss attributable to Titan Machinery Inc. of $393,000 a year ago. Revenue was $1.90 billion for fiscal 2015, compared to $2.23 billion for the prior year. The Company generated $47.6 million in adjusted EBITDA in fiscal 2015, compared to $72.0 million in fiscal 2014. Pre-tax loss was $38.3 million compared to pre-tax income of $18.4 million for the prior year. Adjusted pre-tax income was $2.3 million compared to $28.4 million for the prior year. Net loss attributable to common stockholders was $31.6 million, or $1.51 per diluted share, compared to net income attributable to common stockholders of $8.7 million, or $0.41 per diluted share, for the prior year. Adjusted net loss attributable to common stockholders was $1.9 million, or $0.09 per diluted share, compared to adjusted net income attributable to common stockholders of $16.5 million, or $0.78 per diluted share, for the prior year. Income from operations was $723,000 compared to $46.875 million a year ago. Net loss attributable to Titan Machinery Inc. was $32.157 million compared to net income attributable to Titan Machinery Inc. of $8.851 million a year ago. Net cash provided by operating activities was $41.058 million compared to net cash used for operating activities of $82.243 million a year ago. Property and equipment purchases were $17.012 million compared to $19.010 million a year ago. In the fourth quarter of fiscal 2015, the Company recognized a $31.0 million non-cash charge, primarily related to impairment of goodwill and other intangible assets within the Agriculture segment. For the fiscal 2016, the company expects to be profitable on an adjusted diluted earnings per share basis.

 

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