Titan Machinery reports Q4 EPS $1.05, consensus $1.02

Reports Q4 revenue $852.1M, consensus $724.2M. “We finished FY24 with a strong performance that was driven by growth across all of our legacy operating segments and resulted in record revenue of $2.8B, consolidated pre-tax margin of 5.5%, and record earnings per share of $4.93,” stated CEO Bryan Knutson. “Q4 includes financial results of our recent O’Connors acquisition and integration activities are reinforcing the strategic vision we have for this business. In addition to strong retail sales activity during the quarter, our domestic team met demand through improving the pace of customer deliveries following a concerted effort to complete pre-delivery inspections of new machinery – this focus can be seen in the high volume of equipment that was delivered in the quarter. I am also pleased with our ability to continue to advance our customer care strategy and to drive double-digit same store growth for our recurring parts and service business.”