Titan Machinery Inc.'s (TITN) fourth-quarter net income attributable to common stockholders dropped to $15.4 million, or $0.73 per share, from $17.6 million, or $0.84 per share a year ago. On average, 9 analysts polled by Thomson Reuters expected earnings per share of $0.92 for the quarter. Analysts' estimates typically exclude one-time items.
Pre-tax income for the quarter stood at $25.8 million, versus $29.6 million in the fourth quarter last year.
However, the company's quarterly revenue increased 29.2% to $784.5 million, from $607.0 million in the prior-year quarter, with all four of its revenue sources equipment, parts, service, and rental and other contributing to this period-over-period revenue growth. Analysts estimated revenues of $692.78 million for the quarter.
Titan Machinery evaluates its financial performance based on its customers' annual production cycles as opposed to a quarterly basis, due to weather fluctuations and the seasonal nature of each customer's business. For the year ending January 31, 2014, the company sees increased revenue in the range of $2.35 billion - $2.55 billion, net income attributable to common stockholders in the range of $42.8 million - $49.2 million, and earnings per share of $2.00 - $2.30, based on estimated weighted average diluted common shares outstanding of 21.4 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.