Titan Machinery Inc. reported fiscal second-quarter results showing revenue fell to $496.4 million from $546.4 million a year earlier, and the net loss widened to $9.2 million, or $0.40 per diluted share, from a $6.0 million loss a year ago, while gross margin improved to 18.6% from 17.1%. The company held its full-year profitability targets steady but cut its Europe outlook to a decline of 30% to 40% from a prior decline of 20% to 25%, citing deteriorating regional sentiment. Agriculture's pretax loss narrowed to $3.3 million from $12.3 million, and Construction revenue rose to $78.6 million from $72.0 million, flipping to a pretax profit of $0.4 million. Management raised its Construction revenue assumption to growth of 5% to 10% and its Australia outlook to growth of 15% to 20%, while cash flow turned negative with net cash used in operating activities of $25.1 million in the first half of fiscal 2027, versus $49.9 million provided a year earlier. Hedge fund ownership fell to 13 funds from 16, and short sellers hold 4.13% of the float.
Titan Machinery IncNet loss widened and revenue fell, though margins improved.
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