Titan Machinery Inc
NASDAQ:TITN
Income Statement
Earnings Waterfall
Titan Machinery Inc
Revenue
|
2.8B
USD
|
Cost of Revenue
|
-2.2B
USD
|
Gross Profit
|
531.4m
USD
|
Operating Expenses
|
-362.5m
USD
|
Operating Income
|
168.8m
USD
|
Other Expenses
|
-57.9m
USD
|
Net Income
|
110.9m
USD
|
Income Statement
Titan Machinery Inc
Jan-2014 | Apr-2014 | Jul-2014 | Oct-2014 | Jan-2015 | Apr-2015 | Jul-2015 | Oct-2015 | Jan-2016 | Apr-2016 | Jul-2016 | Oct-2016 | Jan-2017 | Apr-2017 | Jul-2017 | Oct-2017 | Jan-2018 | Apr-2018 | Jul-2018 | Oct-2018 | Jan-2019 | Apr-2019 | Jul-2019 | Oct-2019 | Jan-2020 | Apr-2020 | Jul-2020 | Oct-2020 | Jan-2021 | Apr-2021 | Jul-2021 | Oct-2021 | Jan-2022 | Apr-2022 | Jul-2022 | Oct-2022 | Jan-2023 | Apr-2023 | Jul-2023 | Oct-2023 | Jan-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 227
N/A
|
2 250
+1%
|
2 213
-2%
|
2 118
-4%
|
1 900
-10%
|
1 788
-6%
|
1 671
-7%
|
1 523
-9%
|
1 368
-10%
|
1 300
-5%
|
1 244
-4%
|
1 231
-1%
|
1 213
-1%
|
1 192
-2%
|
1 183
-1%
|
1 181
0%
|
1 193
+1%
|
1 172
-2%
|
1 201
+2%
|
1 231
+3%
|
1 262
+2%
|
1 296
+3%
|
1 314
+1%
|
1 314
N/A
|
1 305
-1%
|
1 337
+2%
|
1 326
-1%
|
1 326
N/A
|
1 411
+6%
|
1 474
+4%
|
1 548
+5%
|
1 641
+6%
|
1 712
+4%
|
1 800
+5%
|
1 919
+7%
|
2 134
+11%
|
2 209
+4%
|
2 318
+5%
|
2 464
+6%
|
2 489
+1%
|
2 758
+11%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 878)
|
(1 900)
|
(1 867)
|
(1 781)
|
(1 592)
|
(1 495)
|
(1 396)
|
(1 265)
|
(1 162)
|
(1 100)
|
(1 054)
|
(1 050)
|
(999)
|
(983)
|
(974)
|
(969)
|
(977)
|
(958)
|
(981)
|
(1 003)
|
(1 030)
|
(1 058)
|
(1 071)
|
(1 069)
|
(1 054)
|
(1 082)
|
(1 072)
|
(1 071)
|
(1 150)
|
(1 200)
|
(1 262)
|
(1 335)
|
(1 379)
|
(1 450)
|
(1 541)
|
(1 709)
|
(1 770)
|
(1 848)
|
(1 964)
|
(1 990)
|
(2 227)
|
|
Gross Profit |
348
N/A
|
350
+1%
|
346
-1%
|
337
-3%
|
308
-9%
|
293
-5%
|
275
-6%
|
258
-6%
|
206
-20%
|
199
-3%
|
190
-5%
|
181
-5%
|
214
+18%
|
209
-2%
|
209
0%
|
212
+1%
|
215
+2%
|
214
-1%
|
220
+3%
|
228
+4%
|
232
+2%
|
238
+3%
|
243
+2%
|
245
+1%
|
251
+2%
|
255
+2%
|
254
-1%
|
255
+0%
|
261
+3%
|
274
+5%
|
286
+4%
|
306
+7%
|
333
+9%
|
350
+5%
|
378
+8%
|
425
+12%
|
440
+3%
|
470
+7%
|
501
+7%
|
499
0%
|
531
+6%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(291)
|
(294)
|
(291)
|
(286)
|
(273)
|
(259)
|
(247)
|
(231)
|
(221)
|
(218)
|
(214)
|
(214)
|
(211)
|
(209)
|
(208)
|
(205)
|
(203)
|
(198)
|
(195)
|
(198)
|
(202)
|
(207)
|
(214)
|
(219)
|
(226)
|
(226)
|
(225)
|
(221)
|
(221)
|
(224)
|
(228)
|
(237)
|
(241)
|
(250)
|
(261)
|
(283)
|
(302)
|
(319)
|
(339)
|
(346)
|
(363)
|
|
Selling, General & Administrative |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(24)
|
(29)
|
(33)
|
(38)
|
(21)
|
(21)
|
(20)
|
(19)
|
(17)
|
(17)
|
(16)
|
(16)
|
(16)
|
0
|
0
|
0
|
(15)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(13)
|
(4)
|
(8)
|
(12)
|
(17)
|
(18)
|
(19)
|
(20)
|
(22)
|
|
Other Operating Expenses |
(291)
|
(293)
|
(291)
|
(286)
|
(273)
|
(259)
|
(247)
|
(231)
|
(221)
|
(218)
|
(214)
|
(214)
|
(211)
|
(209)
|
(208)
|
(205)
|
(203)
|
(198)
|
(195)
|
(198)
|
(202)
|
(206)
|
(212)
|
(216)
|
(200)
|
(196)
|
(190)
|
(181)
|
(198)
|
(202)
|
(207)
|
(217)
|
(211)
|
(228)
|
(237)
|
(255)
|
(269)
|
(301)
|
(319)
|
(326)
|
(325)
|
|
Operating Income |
57
N/A
|
57
0%
|
55
-3%
|
52
-6%
|
35
-32%
|
34
-4%
|
28
-15%
|
27
-6%
|
(15)
N/A
|
(19)
-30%
|
(24)
-28%
|
(33)
-34%
|
2
N/A
|
0
-91%
|
1
+400%
|
7
+580%
|
12
+78%
|
16
+31%
|
25
+57%
|
30
+21%
|
30
N/A
|
31
+1%
|
29
-7%
|
26
-9%
|
25
-3%
|
29
+16%
|
30
+1%
|
34
+17%
|
41
+18%
|
50
+23%
|
58
+17%
|
69
+19%
|
92
+33%
|
100
+9%
|
118
+17%
|
143
+21%
|
138
-3%
|
151
+9%
|
162
+7%
|
153
-5%
|
169
+10%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(28)
|
(33)
|
(36)
|
(37)
|
(39)
|
(39)
|
(36)
|
(35)
|
(33)
|
(27)
|
(26)
|
(23)
|
(20)
|
(20)
|
(18)
|
(16)
|
(15)
|
(14)
|
(13)
|
(13)
|
(11)
|
(10)
|
(9)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(7)
|
(6)
|
(5)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(6)
|
(12)
|
(18)
|
|
Non-Reccuring Items |
(10)
|
(13)
|
(13)
|
(13)
|
(34)
|
(33)
|
(33)
|
(33)
|
(9)
|
(7)
|
(7)
|
(8)
|
(5)
|
(7)
|
(12)
|
(15)
|
(11)
|
(9)
|
(4)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(4)
|
(4)
|
(4)
|
(6)
|
(3)
|
(3)
|
(5)
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
19
N/A
|
11
-41%
|
6
-44%
|
2
-72%
|
(38)
N/A
|
(39)
-1%
|
(41)
-6%
|
(41)
N/A
|
(56)
-38%
|
(53)
+5%
|
(57)
-8%
|
(63)
-10%
|
(23)
+64%
|
(26)
-15%
|
(29)
-10%
|
(24)
+17%
|
(14)
+40%
|
(7)
+50%
|
8
N/A
|
16
+101%
|
16
+3%
|
18
+10%
|
18
-2%
|
17
-2%
|
15
-14%
|
18
+24%
|
19
+5%
|
21
+7%
|
31
+50%
|
41
+34%
|
49
+18%
|
64
+31%
|
87
+37%
|
97
+11%
|
114
+18%
|
140
+23%
|
135
-4%
|
147
+9%
|
156
+6%
|
141
-9%
|
151
+7%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(10)
|
(9)
|
(9)
|
(8)
|
5
|
5
|
8
|
10
|
18
|
18
|
19
|
22
|
8
|
10
|
10
|
7
|
6
|
3
|
(2)
|
(1)
|
(4)
|
(4)
|
(4)
|
(6)
|
(1)
|
(2)
|
(2)
|
(1)
|
(11)
|
(14)
|
(16)
|
(19)
|
(21)
|
(24)
|
(28)
|
(34)
|
(33)
|
(36)
|
(38)
|
(35)
|
(39)
|
|
Income from Continuing Operations |
8
|
2
|
(3)
|
(6)
|
(33)
|
(34)
|
(33)
|
(31)
|
(38)
|
(35)
|
(38)
|
(41)
|
(15)
|
(17)
|
(19)
|
(17)
|
(9)
|
(5)
|
6
|
14
|
12
|
13
|
14
|
11
|
14
|
17
|
18
|
19
|
19
|
28
|
32
|
44
|
66
|
73
|
87
|
106
|
102
|
111
|
118
|
107
|
112
|
|
Income to Minority Interest |
1
|
1
|
1
|
1
|
1
|
2
|
1
|
1
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
9
N/A
|
3
-70%
|
(2)
N/A
|
(5)
-194%
|
(32)
-532%
|
(31)
+1%
|
(31)
+2%
|
(30)
+3%
|
(37)
-25%
|
(35)
+7%
|
(37)
-7%
|
(40)
-8%
|
(14)
+65%
|
(16)
-17%
|
(19)
-16%
|
(17)
+11%
|
(7)
+59%
|
(3)
+62%
|
8
N/A
|
16
+109%
|
12
-25%
|
13
+10%
|
14
+2%
|
11
-19%
|
14
+25%
|
16
+20%
|
17
+5%
|
19
+9%
|
19
+1%
|
27
+43%
|
32
+18%
|
44
+37%
|
65
+49%
|
72
+11%
|
86
+19%
|
105
+22%
|
101
-4%
|
110
+9%
|
116
+6%
|
105
-9%
|
111
+5%
|
|
EPS (Diluted) |
0.41
N/A
|
0.12
-71%
|
-0.09
N/A
|
-0.25
-178%
|
-1.51
-504%
|
-1.49
+1%
|
-1.43
+4%
|
-1.41
+1%
|
-1.76
-25%
|
-1.63
+7%
|
-1.72
-6%
|
-1.9
-10%
|
-0.65
+66%
|
-0.77
-18%
|
-0.86
-12%
|
-0.79
+8%
|
-0.32
+59%
|
-0.11
+66%
|
0.34
N/A
|
0.72
+112%
|
0.55
-24%
|
0.6
+9%
|
0.62
+3%
|
0.5
-19%
|
0.63
+26%
|
0.75
+19%
|
0.76
+1%
|
0.86
+13%
|
0.86
N/A
|
1.23
+43%
|
1.44
+17%
|
1.97
+37%
|
2.92
+48%
|
3.24
+11%
|
3.77
+16%
|
4.69
+24%
|
4.49
-4%
|
4.88
+9%
|
5.16
+6%
|
4.69
-9%
|
4.93
+5%
|