Titan Machinery Earnings 2020-10-31

Balance Sheet	Income Statement	Cash Flow
Assets, Equity	Rev, G Profit, Net Income	Ops, Inv, Fin

titn-20201031

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended October 31, 2020

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____ to ____

Commission File No. 001-33866

TITAN MACHINERY INC.

(Exact name of registrant as specified in its charter)


Delaware						45-0357838
(State or Other Jurisdiction of Incorporation or Organization)						(IRS Employer Identification No.)

644 East Beaton Drive

West Fargo, ND 58078-2648

(Address of Principal Executive Offices)

Registrant’s telephone number (701) 356-0130

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.00001 par value per share	TITN	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☐

Accelerated filer

☒

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES ☐ NO ☒

As of November 30, 2020, 22,555,832 shares of Common Stock, $0.00001 par value, of the registrant were outstanding.

Table of Contents

TITAN MACHINERY INC.

QUARTERLY REPORT ON FORM 10-Q

Table of Contents


		Page No.
PART I.	FINANCIAL INFORMATION	3
ITEM 1.	FINANCIAL STATEMENTS	3
	Consolidated Balance Sheets	3
	Consolidated Statements of Operations	4
	Consolidated Statements of Comprehensive Income	5
	Consolidated Statements of Stockholders' Equity	6
	Consolidated Statements of Cash Flows	7
	Notes to Consolidated Financial Statements	8
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	24
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	40
ITEM 4.	CONTROLS AND PROCEDURES	40
PART II.	OTHER INFORMATION	41
ITEM 1.	LEGAL PROCEEDINGS	41
ITEM 1A.	RISK FACTORS	41
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	41
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	41
ITEM 4.	MINE SAFETY DISCLOSURES	41
ITEM 5.	OTHER INFORMATION	41
ITEM 6.	EXHIBITS	41
Exhibit Index		42
Signatures		43

Table of Contents

PART I. — FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

TITAN MACHINERY INC.

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(in thousands, except per share data)


	October 31, 2020		January 31, 2020

Assets
Current Assets
Cash	$	41,808	$	43,721
Receivables, net of allowance for expected credit losses	73,531		72,776
Inventories	532,746		597,394
Prepaid expenses and other	8,737		13,655


Total current assets	656,822		727,546
Noncurrent Assets
Property and equipment, net of accumulated depreciation	148,520		145,562
Operating lease assets	81,401		88,281
Deferred income taxes	3,787		2,147
Goodwill	1,433		2,327
Intangible assets, net of accumulated amortization	7,764		8,367
Other	1,129		1,113
Total noncurrent assets	244,034		247,797
Total Assets	$	900,856	$	975,343

Liabilities and Stockholders' Equity
Current Liabilities
Accounts payable	$	23,433	$	16,976
Floorplan payable	287,837		371,772

Current maturities of long-term debt	4,423		13,779
Current operating lease liabilities	12,373		12,259
Deferred revenue	14,708		40,968
Accrued expenses and other	38,433		38,409

Total current liabilities	381,207		494,163
Long-Term Liabilities
Long-term debt, less current maturities	55,109		37,789
Operating lease liabilities	80,782		88,387
Deferred income taxes	5,814		2,055
Other long-term liabilities	10,376		7,845
Total long-term liabilities	152,081		136,076
Commitments and Contingencies
Stockholders' Equity
Common stock, par value $.00001 per share, 45,000 shares authorized; 22,555 shares issued and outstanding at October 31, 2020; 22,335 shares issued and outstanding at January 31, 2020	—		—
Additional paid-in-capital	252,270		250,607
Retained earnings	116,087		97,717
Accumulated other comprehensive loss	(789)		(3,220)
Total stockholders' equity	367,568		345,104
Total Liabilities and Stockholders' Equity	$	900,856	$	975,343

See Notes to Consolidated Financial Statements

Table of Contents

TITAN MACHINERY INC.

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

(in thousands, except per share data)


	Three Months Ended October 31,				Nine Months Ended October 31,
	2020		2019		2020		2019
Revenue
Equipment	$	240,901	$	245,986	$	662,060	$	654,376
Parts	76,778		70,788		194,846		181,928
Service	30,696		27,553		84,282		77,215
Rental and other	12,497		16,609		33,357		40,688
Total Revenue	360,872		360,936		974,545		954,207
Cost of Revenue
Equipment	215,770		219,484		593,048		583,345
Parts	53,556		49,834		136,205		128,380
Service	10,254		8,950		28,263		25,170
Rental and other	8,741		10,894		23,379		27,612
Total Cost of Revenue	288,321		289,162		780,895		764,507
Gross Profit	72,551		71,774		193,650		189,700
Operating Expenses	54,115		58,184		160,252		165,594
Impairment of Goodwill	1,453		—		1,453		—
Impairment of Intangible and Long-Lived Assets	1,102		51		1,318		186

Income from Operations	15,881		13,539		30,627		23,920
Other Income (Expense)
Interest and other income (expense)	(360)		1,273		333		2,687
Floorplan interest expense	(757)		(1,448)		(2,811)		(3,724)
Other interest expense	(940)		(955)		(2,884)		(3,562)
Income Before Income Taxes	13,824		12,409		25,265		19,321
Provision for Income Taxes	3,912		4,195		6,691		6,041
Net Income	$	9,912	$	8,214	$	18,574	$	13,280

Earnings per Share:
Basic	$	0.44	$	0.37	$	0.83	$	0.60
Diluted	$	0.44	$	0.37	$	0.83	$	0.60

Weighted Average Common Shares:
Basic	22,132		21,973		22,089		21,936
Diluted	22,137		21,976		22,091		21,942

See Notes to Consolidated Financial Statements

Table of Contents

TITAN MACHINERY INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

(in thousands)


	Three Months Ended October 31,				Nine Months Ended October 31,
	2020		2019		2020		2019
Net Income	$	9,912	$	8,214	$	18,574	$	13,280
Other Comprehensive Income (Loss)
Foreign currency translation adjustments	2,181		(2,650)		2,431		(2,409)
Comprehensive Income	$	12,093	$	5,564	$	21,005	$	10,871

See Notes to Consolidated Financial Statements

Table of Contents

TITAN MACHINERY INC.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)

(in thousands)


	Common Stock			Additional Paid-In Capital		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Total Stockholders' Equity
	Shares Outstanding	Amount
BALANCE, January 31, 2019	22,218	$	—	$	248,423	$	89,228	$	(2,340)	$	335,311
Cumulative-effect adjustment of adopting ASC 842, Leases	—	—		—		(5,464)		—		(5,464)
Common stock issued on grant of restricted stock and exercise of stock options, net of restricted stock forfeitures and restricted stock withheld for employee withholding tax	(34)	—		(492)		—		—		(492)
Stock-based compensation expense	—	—		603		—		—		603
Net loss	—	—		—		(445)		—		(445)
Other comprehensive loss	—	—		—		—		(771)		(771)
BALANCE, April 30, 2019	22,184	—		248,534		83,319		(3,111)		328,742
Common stock issued on grant of restricted stock and exercise of stock options, net of restricted stock forfeitures and restricted stock withheld for employee withholding tax	170	—		—		—		—		—
Stock-based compensation expense	—	—		694		—		—		694
Net Income	—	—		—		5,511		—		5,511
Other comprehensive income	—	—		—		—		1,012		1,012
BALANCE, July 31, 2019	22,354	—		249,228		88,830		(2,099)		335,959
Common stock issued on grant of restricted stock and exercise of stock options, net of restricted stock forfeitures and restricted stock withheld for employee withholding tax	(2)	—		(17)		—		—		(17)
Stock-based compensation expense	—	—		773		—		—		773
Net Income	—	—		—		8,214		—		8,214
Other comprehensive loss	—	—		—		—		(2,650)		(2,650)
BALANCE, October 31, 2019	22,352	$	—	$	249,984	$	97,044	$	(4,749)	$	342,279


	Common Stock			Additional Paid-In Capital		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Total Stockholders' Equity
	Shares Outstanding	Amount
BALANCE, January 31, 2020	22,335	$	—	$	250,607	$	97,717	$	(3,220)	$	345,104
Cumulative-effect adjustment of adopting ASC 326, Financial Instruments - Credit Losses	—	—		—		(204)		—		(204)
Common stock issued on grant of restricted stock, net of restricted stock forfeitures and restricted stock withheld for employee withholding tax	(21)	—		(201)		—		—		(201)
Stock-based compensation expense	—	—		645		—		—		645
Net income	—	—		—		2,262		—		2,262
Other comprehensive loss	—	—		—		—		(528)		(528)
BALANCE, April 30, 2020	22,314	—		251,051		99,775		(3,748)		347,078
Common stock issued on grant of restricted stock, net of restricted stock forfeitures and restricted stock withheld for employee withholding tax	239	—		—		—		—		—
Stock-based compensation expense	—	—		536		—		—		536
Net income	—	—		—		6,400		—		6,400
Other comprehensive income	—	—		—		—		778		778
BALANCE, July 31, 2020	22,553	—		251,587		106,175		(2,970)		354,792
Common stock issued on grant of restricted stock, net of restricted stock forfeitures and restricted stock withheld for employee withholding tax	2	—		(8)		—		—		(8)
Stock-based compensation expense	—	—		691		—		—		691
Net income	—	—		—		9,912		—		9,912
Other comprehensive income	—	—		—		—		2,181		2,181
BALANCE, October 31, 2020	22,555	$	—	252,270		$	116,087	$	(789)	$	367,568

See Notes to Consolidated Financial Statements

TITAN MACHINERY INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(in thousands)


	Nine Months Ended October 31,
	2020		2019
Operating Activities
Net income	$	18,574	$	13,280
Adjustments to reconcile net income to net cash provided by (used for) operating activities
Depreciation and amortization	17,731		21,061
Impairment	2,771		186
Deferred income taxes	2,117		629
Stock-based compensation expense	1,872		2,070
Noncash interest expense	125		394
Noncash lease expense	8,613		9,251

Other, net	(694)		(63)
Changes in assets and liabilities
Receivables, prepaid expenses and other assets	4,479		(4,630)
Inventories	76,495		(133,929)
Manufacturer floorplan payable	(46,466)		113,632
Accounts payable, deferred revenue, accrued expenses and other and other long-term liabilities	(15,555)		(20,697)

Operating lease liabilities	(9,248)		(9,473)
Net Cash Provided by (Used for) Operating Activities	60,814		(8,289)
Investing Activities
Rental fleet purchases	(6,799)		(12,765)
Property and equipment purchases (excluding rental fleet)	(9,406)		(7,637)
Proceeds from sale of property and equipment	795		1,386
Acquisition consideration, net of cash acquired	(6,790)		(11,752)
Other, net	(16)		13
Net Cash Used for Investing Activities	(22,216)		(30,755)
Financing Activities
Net change in non-manufacturer floorplan payable	(40,779)		62,387
Principal payments on senior convertible notes	—		(45,644)
Proceeds from long-term debt borrowings	5,326		21,865
Principal payments on long-term debt and finance leases	(4,417)		(3,197)
Payment of debt issuance costs	(700)		—
Other, net	(209)		(509)
Net Cash Provided by (Used for) Financing Activities	(40,779)		34,902
Effect of Exchange Rate Changes on Cash	268		(183)
Net Change in Cash	(1,913)		(4,325)
Cash at Beginning of Period	43,721		56,745
Cash at End of Period	$	41,808	$	52,420
Supplemental Disclosures of Cash Flow Information
Cash paid during the period
Income taxes, net of refunds	$	31	$	4,934
Interest	$	5,813	$	7,162
Supplemental Disclosures of Noncash Investing and Financing Activities
Net property and equipment financed with long-term debt, finance leases, accounts payable and accrued liabilities	$	8,555	$	7,652
Net transfer of assets from (to) property and equipment to (from) inventories	$	2,731	$	(2,179)

See Notes to Consolidated Financial Statements

Table of Contents

TITAN MACHINERY INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

NOTE 1 - BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The unaudited consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring accruals, considered necessary for a fair presentation have been included. The quarterly operating results for Titan Machinery Inc. (the “Company”) are subject to fluctuation due to varying weather patterns, which may impact the timing and amount of equipment purchases, rentals, and after-sales parts and service purchases by the Company’s Agriculture, Construction and International customers. Therefore, operating results for the nine-month period ended October 31, 2020 are not necessarily indicative of the results that may be expected for the fiscal year ending January 31, 2021. The information contained in the consolidated balance sheet as of January 31, 2020 was derived from the audited consolidated financial statements of the Company for the fiscal year then ended. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2020 as filed with the SEC.

Nature of Business

The Company is 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 Arizona, Colorado, Iowa, Minnesota, Montana, Nebraska, North Dakota, South Dakota, Wisconsin and Wyoming, and its European stores are located in Bulgaria, Germany, Romania, Serbia and Ukraine.

Impact of the COVID-19 Pandemic

In March 2020, the World Health Organization declared the outbreak of COVID-19 a pandemic, and the President of the United States declared the COVID-19 outbreak as a national emergency. The nature of COVID-19 led to worldwide shutdowns and halting of commercial and interpersonal activity as governments imposed regulations in efforts to control the spread of the pandemic, such as shelter-in-place orders and quarantines. The pandemic is a highly fluid and rapidly evolving situation, and we cannot anticipate with any certainty the length, scope, or severity of such restrictions in each of the markets that we operate.

Since the beginning of the COVID-19 pandemic, the safety of our employees and customers has been and continues to be our top concern. At the onset of the pandemic, we organized a COVID Task Force to implement safety protocols and to quickly respond to matters, in the event of positive cases at any of our locations.

Even though we are considered an essential business, in response to the COVID-19 pandemic, the Company closed its U.S. stores to the public in March 2020 but continued operations through social distancing means in all areas: equipment, parts, service and rental. Beginning in May 2020, we began fully reopening our stores to the public, following pandemic safety protocols, and by June 2020 all of our locations were once again open to the public. Additionally, our International stores have also been following pandemic safety protocols set forth by each country and local government authority, which at times have included border shutdowns and curfew regulations.

Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates, particularly related to realization of inventory, impairment of long-lived assets, goodwill, or indefinite lived intangible assets, collectability of receivables, and income taxes.

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All material accounts, transactions and profits between the consolidated companies have been eliminated in consolidation.

Table of Contents

Recently Adopted Accounting Guidance

In June 2016, the Financial Accounting Standards Board ("FASB") issued a new standard, codified in Accounting Standard Codification ("ASC") 326, Financial Instruments - Credit Losses, that modifies how entities measure credit losses on most financial instruments. The new standard replaced the "incurred loss" model with an "expected credit loss" model that requires consideration of a broader range of information to estimate expected credit losses over the lifetime of the asset. The guidance impacts the Company on its accounts receivable portfolio but specifically excluded receivables from operating lease arrangements and, therefore, the Company’s receivables from rental contracts were not impacted. The guidance also requires new disclosures to allow the users of the financial statements to understand the credit risk inherent in a portfolio and how management monitors the credit quality of the portfolio, management’s estimate of expected credit losses, and changes in the estimate of expected credit losses that have taken place during the reporting period.

The Company adopted the new guidance on February 1, 2020 using a modified retrospective approach and recognized an immaterial cumulative-effect adjustment to retained earnings as of the effective date. The Company identified and updated existing internal controls and procedures to ensure compliance with the new guidance, but such modifications were not deemed to be material to the Company's overall system of internal control. While the adoption of this standard did not have a material impact on the Company's consolidated financial statements, it required changes to the Company's process of estimating expected credit losses on trade receivables. See footnote 4 for further discussion of our accounts receivables.

In February 2018, the FASB issued guidance on the accounting for implementation costs incurred in a cloud computing arrangement that is a service contract, codified in ASC 350-40, Internal Use Software. This guidance aligns the accounting for costs incurred to implement a cloud computing arrangement that is a service arrangement with the guidance on capitalizing costs associated with developing or obtaining internal-use software. The Company adopted this standard on February 1, 2020, using the prospective transition approach. The adoption of this standard did not have a material impact on the Company's consolidated financial statements.

Accounting Guidance Not Yet Adopted

In March 2020, the FASB issued Accounting Standard Update ("ASU") No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (“ASU No. 2020-04”), which provides temporary optional expedients and exceptions to accounting guidance on contract modifications and hedge accounting to ease entities’ financial reporting burdens as the market transitions from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates. ASU 2020-04 is effective upon issuance and can be applied through December 31, 2022. The Company is currently evaluating its contracts and hedging relationships that reference LIBOR to determine if the Company will adopt the new guidance.

Table of Contents

NOTE 2 - EARNINGS PER SHARE

The following table sets forth the calculation of basic and diluted EPS:


	Three Months Ended October 31,				Nine Months Ended October 31,
	2020		2019		2020		2019
	(in thousands, except per share data)
Numerator:
Net income	$	9,912	$	8,214	$	18,574	$	13,280
Allocation to participating securities	(186)		(140)		(301)		(207)
Net income attributable to Titan Machinery Inc. common stockholders	$	9,726	$	8,074	$	18,273	$	13,073
Denominator:
Basic weighted-average common shares outstanding	22,132		21,973		22,089		21,936
Plus: incremental shares from vesting of restricted stock units	5		3		2		6
Diluted weighted-average common shares outstanding	22,137		21,976		22,091		21,942

Earnings Per Share:
Basic	$	0.44	$	0.37	$	0.83	$	0.60
Diluted	$	0.44	$	0.37	$	0.83	$	0.60

NOTE 3 - REVENUE

Revenues are recognized when control of the promised goods or services is transferred to the customer, in an amount that reflects the consideration we expect to collect in exchange for those goods or services. Sales, value added and other taxes collected from our customers concurrent with our revenue activities are excluded from revenue.

The following tables present our revenue disaggregated by revenue source and segment:


	Three Months Ended October 31, 2020								Three Months Ended October 31, 2019
	Agriculture		Construction		International		Total		Agriculture		Construction		International		Total
	(in thousands)								(in thousands)
Equipment	$	146,410	$	47,766	$	46,725	$	240,901	$	148,680	$	43,299	$	54,007	$	245,986
Parts	50,528		14,072		12,179		76,779		44,923		13,586		12,279		70,788
Service	22,316		6,497		1,883		30,696		18,885		6,674		1,994		27,553
Other	823		628		102		1,553		835		826		50		1,711
Revenue from contracts with customers	220,077		68,963		60,889		349,929		213,323		64,385		68,330		346,038
Rental	548		10,067		328		10,943		750		13,646		502		14,898
Total revenues	$	220,625	$	79,030	$	61,217	$	360,872	$	214,073	$	78,031	$	68,832	$	360,936


	Nine Months Ended October 31, 2020								Nine Months Ended October 31, 2019
	Agriculture		Construction		International		Total		Agriculture		Construction		International		Total
	(in thousands)								(in thousands)
Equipment	$	396,759	$	130,497	$	134,804	$	662,060	$	367,754	$	137,742	$	148,880	$	654,376
Parts	123,078		38,548		33,221		194,847		109,952		39,356		32,620		181,928
Service	59,466		19,514		5,302		84,282		51,869		20,163		5,183		77,215
Other	2,385		1,871		325		4,581		2,248		2,238		202		4,688
Revenue from contracts with customers	581,688		190,430		173,652		945,770		531,823		199,499		186,885		918,207
Rental	1,638		26,432		705		28,775		1,715		33,314		971		36,000
Total revenues	$	583,326	$	216,862	$	174,357	$	974,545	$	533,538	$	232,813	$	187,856	$	954,207

Table of Contents

Unbilled Receivables and Deferred Revenue

Price	14.54	EPS	0
Shares	22	P/E	29
MCap	325	P/FCF	-39
Net Debt	-17	EBIT	18
TEV	308	TEV/EBIT	17
TTM 2019-10-31, in MM, except price, ratios

10-Q	2020-10-31	Filed 2020-12-03
10-Q	2020-07-31	Filed 2020-09-04
10-Q	2020-04-30	Filed 2020-06-04
10-K	2020-01-31	Filed 2020-04-07
10-Q	2019-10-31	Filed 2019-12-05
10-Q	2019-07-31	Filed 2019-09-05
10-Q	2019-04-30	Filed 2019-06-06
10-K	2019-01-31	Filed 2019-04-05
10-Q	2018-10-31	Filed 2018-12-06
10-Q	2018-07-31	Filed 2018-09-06
10-Q	2018-04-30	Filed 2018-06-07
10-K	2018-01-31	Filed 2018-04-06
10-Q	2017-10-31	Filed 2017-12-07
10-Q	2017-07-31	Filed 2017-09-07
10-Q	2017-04-30	Filed 2017-06-02
10-K	2017-01-31	Filed 2017-04-07
10-Q	2016-10-31	Filed 2016-12-08
10-Q	2016-07-31	Filed 2016-09-01
10-Q	2016-04-30	Filed 2016-06-02
10-K	2016-01-31	Filed 2016-04-13
10-Q	2015-10-31	Filed 2015-12-07
10-Q	2015-07-31	Filed 2015-09-09
10-Q	2015-04-30	Filed 2015-06-09
10-K	2015-01-31	Filed 2015-04-15
10-Q	2014-10-31	Filed 2014-12-10
10-Q	2014-07-31	Filed 2014-09-09
10-Q	2014-04-30	Filed 2014-06-05
10-K	2014-01-31	Filed 2014-04-11
10-Q	2013-10-31	Filed 2013-12-05
10-Q	2013-04-30	Filed 2013-06-06
10-K	2013-01-31	Filed 2013-04-10
10-Q	2012-10-31	Filed 2012-12-06
10-Q	2012-07-31	Filed 2012-09-10
10-Q	2012-04-30	Filed 2012-06-07
10-K	2012-01-31	Filed 2012-04-11
10-Q	2011-10-31	Filed 2011-12-09
10-Q	2011-07-31	Filed 2011-09-08
10-Q	2011-04-30	Filed 2011-06-09
10-K	2011-01-31	Filed 2011-04-18
10-Q	2010-10-31	Filed 2010-12-09
10-Q	2010-07-31	Filed 2010-09-08
10-Q	2010-04-30	Filed 2010-06-09
10-K	2010-01-31	Filed 2010-04-15

8-K	2020-11-24
8-K	2020-08-27
8-K	2020-06-08
8-K	2020-05-28
8-K	2020-04-03
8-K	2020-03-26
8-K	2019-11-26
8-K	2019-08-27
8-K	2019-06-06
8-K	2019-05-30
8-K	2019-03-27
8-K	2019-02-12
8-K	2018-11-29
8-K	2018-09-17
8-K	2018-08-30
8-K	2018-06-07
8-K	2018-05-31
8-K	2018-03-29
8-K	2018-02-28

EX-31.1	a10qfy21q3ex311.htm
EX-31.2	a10qfy21q3ex312.htm
EX-32.1	a10qfy21q3ex321.htm
EX-32.2	a10qfy21q3ex322.htm

TITN 10Q Quarterly Report

Titan Machinery Earnings 2020-10-31