Brief: Titan Machinery Inc Announces Results For Fourth Quarter And Full Year Ended January 31, 2022

Titan Machinery

24/03/2022 10:54

March 24 (Reuters) - Titan Machinery Inc  TITN.O :
    * TITAN MACHINERY INC. ANNOUNCES RESULTS FOR  FISCAL FOURTH
QUARTER AND FULL YEAR ENDED JANUARY 31, 2022
    * TITAN MACHINERY INC - FOR Q4 OF FISCAL 2022, REVENUE WAS
$507.6
MILLION, COMPARED TO REVENUE OF $436.7 MILLION IN Q4 LAST YEAR
    * TITAN MACHINERY INC QTRLY DILUTED EARNINGS PER SHARE $0.99
    * TITAN MACHINERY INC - ENTERED INTO A DEFINITIVE PURCHASE
AGREEMENT TO ACQUIRE ASSETS OF MARK'S MACHINERY
    * TITAN MACHINERY INC - ALL CASH TRANSACTION IS EXPECTED TO
BE
ACCRETIVE TO EARNINGS PER DILUTED SHARE
    * TITAN MACHINERY - CURRENT EXPECTATIONS FOR FISCAL 2023
MODELING
ASSUMPTIONS INCLUDES DILUTED EPS BETWEEN $2.55 - $2.85
    * TITAN MACHINERY - FOR FY ENDED JANUARY 31, 2022, REVENUE,
ASSETS
OF TITAN MACHINERY UKRAINE ACCOUNTED FOR LESS THAN 5% OF CO'S
TOTAL REVENUES AND ASSETS
    * TITAN MACHINERY INC - CURRENTLY ASSUMES VERY LITTLE
REVENUE
CONTRIBUTION FROM ITS UKRAINE OPERATION
    * TITAN MACHINERY - ESTIMATING ABOUT $0.25 PER SHARE OF
LOSSES
FROM ITS UKRAINE OPERATION DUE TO UNABSORBED EXPENSES IN FISCAL
2023

Source text for Eikon:  ID:nGNXB7mtB 
Further company coverage:  TITN.O 

 ((Reuters.Briefs@thomsonreuters.com;))