Titan Machinery Reports Q2 Fiscal 2027 Earnings with Revenue and Profit Declines
Titan Machinery (NASDAQ:TITN) reported a second-quarter fiscal 2027 net loss as revenue declined amid continued weakness in agricultural equipment demand. Total revenue fell to $496.4 million, down from $546.4 million the previous year, with same-store sales declining by 6.2%. The company recorded a net loss of $9.2 million or $0.40 per share compared to a prior-year loss of $6 million or $0.26 per share. Adjusted EBITDA declined slightly to $4.6 million from $5.6 million in the same period last year, while gross margin expanded by 150 basis points to 18.6%. Management attributed this improvement to better inventory management and a healthier mix of parts and service revenue. Floor-plan interest expense also dropped significantly due to reduced interest-bearing inventory levels. Despite weak demand in domestic agriculture and Europe, Titan maintained its fiscal year 2027 guidance for adjusted EBITDA between $17 million and $29 million and an adjusted diluted loss-per-share range of $1.25 to $1.75. The company expects growth opportunities in the construction sector and Australia.
Topics: adjusted EBITDA margin improvement net loss outlook revenue