Titan Machinery Inc. (NASDAQ:TITN) Q1 2025 Earnings Conference Call May 23, 2024 8:30 AM ET

Company Participants

Jeff Sonnek - Investor Relations, ICR
Bryan Knutson - President and Chief Executive Officer
Bo Larsen - Chief Financial Officer and Treasurer

Conference Call Participants

Ben Klieve - Lake Street Capital
Mircea Dobre - Baird
Edward Jackson - Northland Securities

Operator

Greetings. Welcome to Titan Machinery's First Quarter Fiscal 2025 Earnings Conference Call. At this time, all participants are in listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, today's conference is being recorded.

I'll now turn the call over to Jeff Sonnek with ICR. Jeff, you may now begin.

Jeff Sonnek

Thank you. Welcome to Titan Machinery's first quarter fiscal 2025 earnings conference call. On the call today from the company are Bryan Knutson, President and Chief Executive Officer, and Bo Larson, Chief Financial Officer.

By now, everyone should have access to the earnings release for the fiscal first quarter ended April 30, 2024. If you've not received the release, it's available on the Investor Relations tab of Titan's website at ir.titanmachinery.com.

This 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, which can be found on Titan's website again at ir.titanmachinery.com. The presentation is directly below the webcast information in the middle of the page.

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. 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.

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.

Please note that during today's call, we may discuss non-GAAP financial measures, including results on an adjusted basis. We believe these adjusted financial measures can facilitate a more complete analysis and greater transparency into Titan's ongoing financial performance, particularly when comparing underlying results from period to period. We've included reconciliations of these non-GAAP financial measures to their most directly comparable GAAP measures in today's release.