Titan Machinery | 10-Q: FY2026 Q3 Revenue Beats Estimate at USD 644.51 M

Revenue: As of FY2026 Q3, the actual value is USD 644.51 M, beating the estimate of USD 593.97 M.

EPS: As of FY2026 Q3, the actual value is USD 0.05, beating the estimate of USD -0.3025.

EBIT: As of FY2026 Q3, the actual value is USD 21.24 M.

Agriculture Segment

• Revenue: $420.9 million for Q3 2026, down from $482.0 million in Q3 2025, a decrease of 12.7%.
• Income Before Income Taxes: $6.1 million for Q3 2026, up from $1.9 million in Q3 2025, an increase of 225.6%.

Construction Segment

• Revenue: $76.7 million for Q3 2026, down from $85.3 million in Q3 2025, a decrease of 10.1%.
• Loss Before Income Taxes: $1.7 million for Q3 2026, up from $0.9 million in Q3 2025, an increase of 82.3%.

Europe Segment

• Revenue: $117.0 million for Q3 2026, up from $62.4 million in Q3 2025, an increase of 87.6%.
• Income Before Income Taxes: $3.5 million for Q3 2026, up from a loss of $1.2 million in Q3 2025.

Australia Segment

• Revenue: $29.9 million for Q3 2026, down from $50.1 million in Q3 2025, a decrease of 40.4%.
• Loss Before Income Taxes: $3.8 million for Q3 2026, up from a loss of $0.3 million in Q3 2025.

Consolidated Results

• Total Revenue: $644.5 million for Q3 2026, down from $679.8 million in Q3 2025, a decrease of 5.2%.
• Gross Profit: $111.0 million for Q3 2026, up from $110.5 million in Q3 2025, an increase of 0.5%.
• Operating Expenses: $100.5 million for Q3 2026, up from $98.8 million in Q3 2025, an increase of 1.7%.
• Net Income: $1.2 million for Q3 2026, down from $1.7 million in Q3 2025.

Future Outlook and Strategy

• Core Business Focus: The company plans to optimize its global footprint to enhance returns on invested capital, including divesting its dealership operations in Germany.
• Non-Core Business: The company expects to recognize an aggregate pre-tax loss on sale of approximately $2.0 million to $4.0 million from the divestiture of its German operations.