Titan Machinery Inc. (NASDAQ:TITN) Q1 2024 Results Conference Call May 25, 2023 8:30 AM ET

Company Participants

Jeff Sonneck - ICR Investor Relations

David Meyer - Chairman, Chief Executive Officer

Bryan Knutson - President and Chief Operating Officer

Bo Larsen - Chief Financial Officer and Treasurer

Conference Call Participants

Alex Rygiel - B. Riley

Joseph Enderlin - Stephens Inc.

Larry De Maria - William Blair

Joe Grabowski - Baird

Ryan Sigdahl - Craig Hallum

Operator

Greetings, and welcome to the Titan Machinery First Quarter Fiscal 2024 Earnings Conference Call. At this time all participants are in a listen-only mode. [Operator Instructions]. As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Mr. Jeff Sonneck of ICR. Thank you. Please go ahead.

Jeff Sonnek

Thank you. Good morning, ladies and gentlemen, and welcome to the Titan Machinery first quarter fiscal 2024 earnings conference call. On the call today from the Company are David Meyer, Chairman and Chief Executive Officer; Bo Larsen, Chief Financial Officer; and Brian Knutson, President and Chief Operating Officer.

By now, everyone should have access to the earnings release for the first quarter ended April 30, 2023, which went out this morning at approximately 6:45 a.m. Eastern Time. If you've not had a chance to find the release, it's available on the IR page of Titan's website at ir.titanmachinery.com. Call is being webcast, and a replay will be available on the Company's website as well.

In addition, we're providing a presentation to accompany today's prepared remarks, you may access the presentation now by going to Titan's website again at ir.titanmachinery.com. The presentation is available directly below the webcast information in the middle of the page.

You'll see on Slide two of the presentation our Safe Harbor statement. We'd like to remind everyone that the prepared remarks contain forward-looking statements and management may make additional forward-looking statements in response to your questions. These statements do not guarantee future performance, and therefore, undue reliance should not be placed upon them. These forward-looking statements are based on current expectations of management and involve inherent risks and uncertainties, including those identified in the Risk Factors section of Titan's most recently filed annual report on Form 10-K and as updated in subsequent filed quarterly reports on Form 10-Q.

These risk factors contain a more detailed discussion of the factors that could cause actual results to differ materially from those projected in any forward-looking statements. Except as may be required by applicable law, Titan assumes no obligation to update any forward-looking statements that may be made in today's release or call. The call will last approximately 45 minutes. At the conclusion of our prepared remarks, we will open the call to take your questions.