EarningsQ2 2027 Earnings Report
DE:3TY Q2 2027 EPS Results
Actual EPS-€0.34
Consensus EPS-€0.31
Beat/MissMissed by -€0.03
One Year Ago EPS-€0.22
DE:3TY Q2 2027 Revenue Results
Actual Revenue€428.41M
Expected Revenue€417.53M
Beat/MissBeat by +€10.88M
YoY Revenue Growth-9.16%
Earnings Announcement Details
QuarterQ2 2027
Date08/27/2026
TimeBefore Open
Conference CallThursday, August 27, 2026
DE:3TY Upcoming Earnings
Titan Machinery's next earnings date is estimated for December 1, 2026, based on past reporting schedules.
Q2 2027 Earnings Call Audio
DE:3TY Q2 2027 Earnings Call
0:00 / 0:00
Q2 2027 Earnings Slide Deck
Q2 2027 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a mixed but largely constructive operational story: management reported significant progress on controllable items (inventory health, equipment margins, lower floorplan interest, stronger Construction and Australia revenue) and reaffirmed full-year guidance, but results were tempered by lower consolidated revenue, a widened net loss, weaker Domestic Agriculture equipment demand, and a material decline in Europe on a constant currency basis. Overall, positives around margin recovery, balance-sheet metrics and operational discipline are balanced by continued cyclical demand weaknesses and regional challenges.Company Guidance
Gross Margin and Equipment Margin Improvement
Consolidated gross margin expanded 150 basis points year-over-year to 18.6%, with equipment margins improving 190 basis points to 8.5%, driven by reduced aged inventory, improved inventory mix and a higher mix of parts & service revenue.
Inventory Health Progress
Focus on reducing aged inventory is delivering results: used equipment down $40 million year-to-date, Domestic Ag inventory down $16 million year-to-date, and inventory mix improved to support margins. Total inventory at quarter end was $931.5 million (up $28 million seasonally).
Lower Interest Expense and Stronger Leverage Metrics
Floorplan and other interest expense decreased ~30% to $8.1 million (from $11.5 million), and adjusted debt to tangible net worth ratio was 1.6x (well below bank covenant of 3.5x).
Solid Construction Segment Performance
Construction same-store sales increased 9.2% to $78.6 million, driven by higher equipment sales; segment moved to pretax income of $0.4 million versus a $1.2 million pretax loss in the prior-year quarter.
Australia Revenue Growth (Reported and Constant Currency)
Australia sales increased 36% to $41.4 million (including a $3.9 million FX benefit); on a constant currency basis revenue rose ~22.5% (+$6.9 million), helped by the addition of New Holland at six rooftops.
Parts & Service Providing Stability
Parts and service mix increased as a percent of consolidated totals, helping keep gross profit essentially flat ($92.4 million) despite lower top-line volumes and supporting margin expansion.
Cash Position and Reaffirmed Full-Year Guidance
Cash of approximately $30 million at quarter end; company reaffirmed full-year adjusted EBITDA range of $17 million to $29 million and adjusted diluted loss per share range of $1.25 to $1.75.
Operating Expense Discipline
Operating expenses ($94.1 million) were only modestly higher year-over-year with headcount and discretionary spending down YoY; full-year operating expenses expected to decrease and be ~17.5% to 18% of sales.
DE:3TY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed