Published on 17 Mar 2024 on GuruFocus.com · via Yahoo Finance
Titan Machinery Inc (TITN) Reports Record Revenue and Earnings for Fiscal 2024
Revenue Growth: Titan Machinery Inc (NASDAQ:TITN) achieved a record $2.8 billion in revenue for fiscal 2024, marking a 24.9% increase year-over-year.Earnings Per Share (EPS): The company reported a record EPS of $4.93, up 9.8% from the previous fiscal year.Net Income: Net income for fiscal 2024 stood at $112.4 million, reflecting the company's strong profitability.EBITDA: EBITDA reached $189.3 million, a 14.6% increase compared to fiscal 2023.Segment Performance: All segments, including Agriculture, Construction, Europe, and Australia, contributed to the revenue growth, with Agriculture leading at a 40.8% increase.Balance Sheet Strength: Cash at the end of fiscal 2024 was $38.1 million, with inventories rising to $1.3 billion due to strategic acquisitions and increased equipment availability.
Warning! GuruFocus has detected 3 Warning Signs with TITN.
