泰坦机械超出了顶线和底线预期;更新了25财年展望

2024-11-26 19:56

Titan Machinery press release (NASDAQ:TITN): Q3 GAAP EPS of $0.07 beats by $0.04.
Revenue of $679.8M (-2.1% Y/Y) beats by $4.5M.
The company generated $14.7 million in EBITDA in the third quarter of fiscal 2025, compared to $50.1 million in the third quarter last year.
Cash at the end of the third quarter of fiscal 2025 was $23.4 million. Inventories were $1.4 billion as of October 31, 2024, down approximately $115 million as compared to fiscal second quarter inventories of $1.5 billion as of July 31, 2024.

Fiscal 2025 Modeling Assumptions

The following are the Company's current expectations for fiscal 2025 modeling assumptions:

	Previous Assumptions	Current Assumptions
Segment Revenue
Agriculture	Down 5% - Down 10%	Down 5% - Down 10%
Construction	Down 2.5% - Up 2.5%	Down 2.5% - Up 2.5%
Europe	Down 12% - Down 17%	Down 20% - Down 25%
Australia	$230M - $250M USD	$220M - $230M USD

Diluted Earnings (Loss) Per Share	($0.36) - $0.14	($0.61) - ($0.11)
Adjusted Diluted Earnings (Loss) Per Share*	$0.00 - $0.50	($0.25) - $0.25 vs. consensus of $0.29
*Adjusted for an estimated $0.36 impact for the non-cash, sale-leaseback financing expense in the second quarter of fiscal 2025.

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