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TITN Stock Price Correlated With Titan Machinery Financials

TITN Stock Price vs. Quarterly
TITN
Income Statement
Cash Flow
Balance Sheet

TITN Income Statement

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Revenue, Net:
Revenue Per Share:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
Earnings Per Share, Diluted:
Earnings Per Share, Basic:
Shares Outstanding, Basic Avg:
Shares Outstanding, Diluted Avg:
Common Stock Shares Outstanding:

TITN Cash Flow

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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Net Cash from Operations Per Share:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:

TITN Balance Sheet

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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Dimensional Fund Advisors
1,783,274 sh
22,176 sh
1%
$51,501
$4,690
Blackrock.
1,723,630 sh
144,658 sh
9%
$49,778
$7,809
Vanguard Group
1,154,728 sh
14,880 sh
1%
$33,349
$3,052
William Blair Investment Management
931,054 sh
510,533 sh
121%
$26,889
$15,712
American Century Companies
915,240 sh
915,240 sh
NEW
$26,432
$26,432
Ack Asset Management
660,000 sh
 
$19,061
Morgan Stanley
659,424 sh
132,543 sh
25%
$19,043
$5,039
Global Alpha Capital Management.
591,518 sh
-377,700 sh
-39%
$17,083
-$8,679
State Street
497,950 sh
62,479 sh
14%
$14,381
$2,806
Geode Capital Management
451,831 sh
23,095 sh
5%
$13,050
$1,653
Aristotle Capital Boston
449,360 sh
26,698 sh
6%
$12,978
$509
Nuveen Asset Management
370,504 sh
-94,737 sh
-20%
$10,700
-$1,666
Mirae Asset Global Investments Co.,.
368,647 sh
-8,656 sh
-2%
$10,647
$618
Charles Schwab Investment Management
327,011 sh
28,719 sh
10%
$9,444
$1,515
Deutsche Bank Ag\
326,634 sh
42,031 sh
15%
$9,433
$1,869
Peregrine Capital Management
300,123 sh
-11,956 sh
-4%
$8,668
$373
Smith, Graham & Co., Investment Advisors, Lp
286,708 sh
48,438 sh
20%
$8,280
$1,947
Victory Capital Management
278,467 sh
-3,053 sh
-1%
$8,042
$559
Sei Investments
271,801 sh
42,405 sh
18%
$7,849
$1,752
Bridgeway Capital Management
269,229 sh
-124,846 sh
-32%
$7,775
-$2,700
COMPANY PROFILE
BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES Nature of Business

Titan Machinery Inc. and its subsidiaries (collectively, the "Company") are engaged in the retail sale, service and rental of agricultural and construction machinery through its stores in the United States and Europe. The Company's North American stores are located in Colorado, Iowa, Minnesota, Nebraska, North Dakota, South Dakota, Wisconsin and Wyoming, and its European stores are located in Bulgaria, Germany, Romania, and Ukraine.

Russia/Ukraine Geopolitical Conflict

On February 24, 2022, the ongoing Russia/Ukraine conflict significantly intensified. Titan Machinery Ukraine, LLC. ("Titan Machinery Ukraine"), the Company's wholly owned Ukrainian subsidiary, has ten locations in Ukraine, each of which were temporarily closed for a period of time, some locations have remained closed, as the well-being of the employees is the Company's primary concern. The Company is actively monitoring the quickly evolving geopolitical situation but due to the unknown nature of this conflict, the duration of the closures are unknown and may vary across different areas of Ukraine.

For the fiscal year ended January 31, 2022, the Company had total assets of $32.7 million in Ukraine. The physical assets (e.g. inventory and fixed assets) are almost exclusively located in central and western areas of the country. The Company has been monitoring Titan Machinery Ukraine's net monetary asset position, but the currency and payment controls imposed by the National Bank of Ukraine have limited our ability to fully manage our net monetary asset position.

The Russia/Ukraine conflict did not have a significant impact on our results of operations for the fiscal year ended January 31, 2022, but depending on the extent and duration of the conflict may have a material adverse effect on Titan Machinery Ukraine's operations going forward.

Impact of the COVID-19 Pandemic

The outbreak and global spread of COVID-19, which was declared a pandemic by the World Health Organization and a national emergency by the President of the United States in March 2020, continues to have an impact on society, economies, financial markets, and businesses. While the Company's products and services were determined to be an essential business, the pandemic has had an impact on the Company's business operations, existing employees and ability to find new employees, customers, and suppliers. Uncertainty remains regarding the magnitude and duration of the pandemic and the resulting financial effects and will depend on future developments including the efficacy of vaccines, the spread of COVID-19 variants, and the extent of governmental responses, including potential vaccine or testing mandates.

On November 5, 2021, the Department of Labor's Occupational Safety and Health Administration ("OSHA") announced an Emergency Temporary Standard ("ETS") requiring all employers with at least 100 employees to ensure their employees are fully vaccinated or require weekly testing of unvaccinated employees. On January 13, 2022, the US Supreme Court granted emergency relief to stay the implementation of the ETS and on January 26, 2022, OSHA withdrew the standard. Although OSHA withdrew the vaccination and testing ETS as an enforceable emergency temporary standard, the agency is not withdrawing the ETS as a proposed rule. The agency is prioritizing resources and is focusing on finalizing a permanent COVID-19 Healthcare Standard. The ultimate impact of a permanent standard on the Company, if one were to be adopted, is currently unknown and difficult to predict.

The Company has assessed the impacts of the COVID-19 pandemic on its results of operations for the fiscal year ended January 31, 2022, and although there have been challenges, no material adverse impacts were identified. We continue to monitor developments involving our workforce, customers, and suppliers and continue to take steps to mitigate against additional impacts.

Free historical financial statements for Titan Machinery Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 47 quarters since 2012. Compare with TITN stock chart to see long term trends.

Data imported from Titan Machinery Inc SEC filings. Check original filings before making any investment decision.