Titan Machinery revenue falls to $496.4 million
- Titan Machinery reported fiscal 2027 second-quarter revenue of $496.4 million, down from $546.4 million a year earlier.
- The company reported a wider net loss of $9.2 million, while gross margin improved to 18.6%.
- Titan Machinery reaffirmed fiscal 2027 profitability guidance with updated segment revenue expectations.
Titan Machinery (NASDAQ:TITN) reported fiscal 2027 second-quarter revenue of $496.4 million, down from $546.4 million a year earlier, while gross margin increased to 18.6% as equipment margins and product mix improved.
The quarterly results reflected lower overall revenue compared with the prior-year period, while the company reported a net loss of $9.2 million, or $0.40 per diluted share, compared with a $6 million loss, or $0.26 per share.
Titan Machinery reported adjusted EBITDA of $4.6 million for the quarter, compared with $5.6 million a year earlier, while agriculture revenue declined to $310.2 million and same-store sales decreased 8.4%.
The Construction segment reported revenue of $78.6 million, with same-store sales growth of 9.2% and positive pre-tax income, while Europe revenue declined to $66.1 million and Australia revenue increased to $41.4 million.
Titan Machinery stated that its updated fiscal 2027 assumptions include higher revenue expectations for Construction and Australia and lower expectations for Europe as the company continues managing its global equipment operations.
