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Titan Machinery Inc (TITN.OQ)

TITN.OQ on NASDAQ Stock Exchange Global Select Market

21.06USD
15 Dec 2017
Change (% chg)

$-0.09 (-0.43%)
Prev Close
$21.15
Open
$21.14
Day's High
$21.35
Day's Low
$21.04
Volume
135,145
Avg. Vol
51,068
52-wk High
$23.11
52-wk Low
$11.70

Latest Key Developments (Source: Significant Developments)

Titan Machinery Reports Q3 Adjusted Earnings Per Share Of $0.20
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Titan Machinery Inc ::ANNOUNCES RESULTS FOR FISCAL THIRD QUARTER ENDED OCTOBER 31, 2017.Q3 ADJUSTED EARNINGS PER SHARE $0.20.Q3 GAAP EARNINGS PER SHARE $0.11.Q3 REVENUE $330.3 MILLION VERSUS I/B/E/S VIEW $307.3 MILLION.Q3 EARNINGS PER SHARE VIEW $0.08 -- THOMSON REUTERS I/B/E/S.- INVENTORY LEVEL INCREASED TO $529.8 MILLION AS OF OCTOBER 31, 2017, COMPARED TO $478.3 MILLION AS OF JANUARY 31, 2017.- ‍CURRENT ASSUMPTIONS FOR 2018 DILUTED LOSS PER SHARE $0.15 - $0.25.- ‍RESTRUCTURING COSTS WERE $2.6 MILLION FOR Q3 OF FISCAL 2018​.- ANTICIPATES COMPLETING ALL RESTRUCTURING ACTIVITIES BY END OF FISCAL 2018.FY2018 EARNINGS PER SHARE VIEW $-0.22 -- THOMSON REUTERS I/B/E/S.  Full Article

Titan Machinery reports dealership restructuring plan
Friday, 10 Feb 2017 

Titan Machinery Inc : Titan Machinery Inc - company expects $25 million in annual cost savings from restructuring plan . Titan Machinery Inc - consolidated locations will be merged into adjacent dealerships . Titan Machinery Inc - restructuring plan announced today is expected to be completed by end of July 2017 . Titan Machinery Inc. Announces dealership restructuring plan . Titan Machinery Inc - expects to close 14 agriculture locations during first half of current fiscal year . Restructuring plan is expected to result in a significant reduction of expenses . Titan Machinery- reduction in revenue is expected to be approximately $40 million, or less than 4 pct of overall company revenue, on an annual basis from plan . Titan Machinery - for fiscal 2018, expense reduction is expected to be approximately $20 million from plan . Titan Machinery- restructuring plan, excluding non-recurring costs to increase adjusted pre-tax income by about $16 million (or $0.44 per diluted share) on annual basis . Titan Machinery -part of non-recurring pre-tax costs associated with restructuring plan expected to be recognized in Q4 of fiscal 2017 .Titan Machinery - approximately $9.5 million (or $0.26 per diluted share) of costs is expected to be recognized in fiscal 2018.  Full Article

Titan Machinery says Q2 loss per share $0.12
Thursday, 25 Aug 2016 

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 

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