Welcome to our dedicated page for Titan Machinery news (Ticker: TITN), a resource for investors and traders seeking the latest updates and insights on Titan Machinery stock.
Titan Machinery Inc. (symbol: TITN) is a prominent network of full-service agricultural and construction equipment stores, providing a range of solutions through sales, service, and rentals. Headquartered in West Fargo, ND, the company represents a diversified mix of dealerships across Arizona, Colorado, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Dakota, Wisconsin, and Wyoming.
With 75 stores, Titan Machinery is a leading dealer for major brands such as Case IH, Case Construction, New Holland Agriculture, and New Holland Construction, among others. The company's core business segments include:
- Agriculture: This segment offers machinery and attachments for both large-scale farming and home gardening purposes.
- Construction: Providing heavy construction and light industrial machinery, this segment covers a wide range of equipment needs.
- Europe and Australia: Expanding its global footprint, this segment supports international operations and growth.
Titan Machinery is committed to meeting specialized customer demands with a varied list of shortline equipment. The company also emphasizes career growth, offering competitive pay and industry-leading benefits to its employees. For more information about career opportunities, visit titanmachinery.com/careers.
The company's recent achievements include the strategic acquisition of O'Connors, anticipated to drive growth and synergies within Titan Machinery's operations. Despite challenges such as the ongoing Russia-Ukraine conflict's impact on its Ukrainian subsidiary, the company remains resilient, navigating supply chain disruptions, fluctuating market conditions, and increased competition.
For the latest updates and developments, investor presentations, and financial measures, Titan Machinery provides ongoing communication to keep stakeholders informed. As the company continues to evolve, its focus remains on sustaining growth, improving profitability, and strengthening its market position.
Titan Machinery Inc. (Nasdaq: TITN) will release its financial results for the first quarter ending April 30, 2022, on May 26, 2022. Following the release, an investor conference call is scheduled at 7:30 a.m. Central time (8:30 a.m. Eastern time). Investors can participate by calling (877) 704-4453 in the U.S. or (201) 389-0920 internationally. A replay will be available for two weeks post-call. The company operates agricultural and construction equipment stores in North America and Europe, representing brands such as Case IH and New Holland.
Titan Machinery Inc. announced the resignation of CFO Mark Kalvoda, effective January 15, 2023, to pursue other interests. He will remain in his role until then to ensure a smooth transition to his successor. Kalvoda has played a vital role in Titan's financial leadership for 15 years, contributing to record financial results in fiscal 2022. CEO David Meyer expressed gratitude for Kalvoda's contributions and emphasized the importance of a seamless transition.
Titan Machinery operates a network of agricultural and construction equipment dealerships in North America and Europe.
Titan Machinery (TITN) reported impressive financial results for fiscal 2022, with revenue soaring 21.3% to $1.7 billion. The company achieved record GAAP EPS of $2.92 and adjusted EPS of $2.98, reflecting increases of 239.5% and 173.4%, respectively. For Q4, revenue hit $507.6 million, up from $436.7 million year-over-year, driven by strong equipment and parts sales. Despite challenges from inflation and the Ukraine conflict, the company plans future acquisitions to enhance growth. Management anticipates solid fiscal 2023 performance, with EPS guidance of $2.55 to $2.85.
Titan Machinery Inc. (Nasdaq: TITN) will announce its financial results for the fourth quarter and full year ending January 31, 2022, on March 24, 2022. A conference call for investors is scheduled for 7:30 a.m. Central time, with dial-in options for U.S. and international attendees. A live webcast will also be available on the company’s Investor Relations website, which will be archived for 30 days. Titan Machinery operates a network of agricultural and construction equipment stores across North America and Europe.
Titan Machinery Inc. (Nasdaq: TITN) will participate in the 2022 ICR Conference with a fireside chat led by CEO David Meyer and CFO Mark Kalvoda. The event is scheduled for January 11, 2022, at 3:30 PM Eastern Time, and will be held virtually from January 10-12, 2022. A live webcast will be accessible on the company's Investor Relations page and archived for 30 days. Titan Machinery operates a network of agricultural and construction equipment stores across North America and Europe, representing leading brands such as Case IH and New Holland Agriculture.
Titan Machinery Inc. (NASDAQ:TITN) announced the election of Frank A. Anglin III to its Board of Directors, effective February 1, 2022. With this appointment, the Board will comprise eight members, including seven independent directors. David Meyer, Board Chair and CEO, emphasized Anglin's extensive experience in equipment and truck distribution, which is expected to benefit the company. Anglin has held key positions in various notable companies, including General Electric and CNH Industrial, and brings a wealth of leadership experience to Titan Machinery.
Titan Machinery Inc. (Nasdaq: TITN) reported a strong fiscal Q3 2022, with revenue rising 25.8% to $454.0 million. Equipment sales grew 37% to $329.8 million, while parts and service revenue increased to $80.5 million and $32.0 million, respectively. GAAP EPS was $0.97, versus $0.44 last year. The company raised its EPS guidance for FY 2022 to $2.40-$2.60. Pre-tax income surged 109% to $34.3 million, reflecting robust demand in the agriculture segment. The firm is optimistic about upcoming quarters, citing strong operational leverage and momentum.
Titan Machinery Inc. (Nasdaq: TITN) will release its third-quarter financial results on November 23, 2021, for the period ending October 31, 2021. Following the release, an investor conference call is scheduled at 7:30 a.m. Central time (8:30 a.m. Eastern time). Interested parties can join the call by dialing (877) 705-6003 in the U.S. or (201) 493-6725 internationally.
A live webcast will also be available on the company's Investor Relations website and archived for 30 days, ensuring access to the results and discussion following the announcement.
Titan Machinery Inc. (Nasdaq: TITN) has signed a definitive purchase agreement to acquire Jaycox Implement, Inc., consisting of three Case IH agriculture dealerships in Minnesota and Iowa. Jaycox generated approximately $91 million in revenue over the past twelve months. The acquisition is set to close in December 2021 and is expected to be immediately accretive to earnings per diluted share. This strategic move aims to enhance Titan's presence in a productive agricultural region and leverage Jaycox's established customer service reputation.
Titan Machinery Inc. (TITN) announced robust Q2 2022 results, with revenue soaring 24.4% to $377.6 million. Equipment sales jumped 35%, driving pre-tax income up 89%. Net income rose to $11.2 million ($0.50 EPS), with adjusted EPS at $0.57. The Agriculture segment thrived, generating $219.4 million, while Construction and International segments also reported growth. Despite a gross profit margin decline to 19.9%, the company expects strong performance for the rest of the fiscal year, raising revenue and EPS guidance. Operating activities generated $28.6 million in cash.
FAQ
What is the current stock price of Titan Machinery (TITN)?
What is the market cap of Titan Machinery (TITN)?
What does Titan Machinery Inc. do?
Where is Titan Machinery Inc. headquartered?
Which brands does Titan Machinery represent?
How many stores does Titan Machinery have?
What are the main business segments of Titan Machinery?
What recent achievements has Titan Machinery accomplished?
What challenges does Titan Machinery face?
Does Titan Machinery offer career opportunities?
How does Titan Machinery communicate with stakeholders?
What is the significance of the O'Connors acquisition for Titan Machinery?
