Titan Machinery Inc., West Fargo, North Dakota, a leading network of full-service agricultural and construction equipment stores, announced that it has completed the acquisition of the dealership assets of Farmers Implement & Irrigation, a two-store New Holland dealership in Brookings and Watertown, SD. The transaction closed on May 15.
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Titan Machinery reported Aug. 29, 2024, the financial results for the fiscal second quarter ended July 31, 2024.
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Titan Machinery announced that President and COO Bryan Knutson will become President and CEO Chairman and CEO David Meyer to Assume Role of Executive Chairman.
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Agriculture Segment – Revenue for the fourth quarter of fiscal 2023 was $440.9 million, compared to $346.3 million in the fourth quarter last year.
Read moreTitan Machinery Inc., announced that it has entered into a definitive purchase agreement to acquire the Idaho dealership assets of Pioneer Farm Equipment Co. (“Pioneer”).
Read moreTitan Machinery Inc. has announced that it has entered into definitive purchase agreements to acquire Heartland Ag Systems, Heartland Solutions and related affiliates.
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Ag Segment revenue for the first quarter of fiscal 2023 was $318.5 million, compared to $229.6 million in the first quarter last year.
Read moreMark Kalvoda, has provided his notice of resignation effective January 15, 2023, to pursue other interests.
Read more“The combination of our larger base of revenues, healthy inventory position and lean infrastructure has allowed for powerful operating leverage that drove a 109 percent increase in pre-tax income for the quarter,” CEO David Meyer said.
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Titan Machinery Chairman and CEO David Meyer said the acquisition “is a perfect complement to our existing footprint in the heart of this highly productive region.”
Read moreThe agriculture segment generated pre-tax income growth of 82 percent during the three months that ended April 30.
Read moreCheck out highlights of earnings reports from Cervus and Titan Machinery, and catch up on an expansion and acquisition in Virginia.
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Titan saw an overall gain in its ag sales division in the third quarter. A group of dealer associations canceled their joint annual meeting. Acquisitions continue.
Read moreAgriculture Segment – Revenue for the third quarter of fiscal 2021 was $220.6 million, compared to $214.1 million in the third
Read moreTitan sought to clarify its relationship with Goodyear after training documents from Goodyear used “MAGA” as an example of unacceptable language on attire.
Read moreCheck out the latest in dealership mergers, acquisitions, and a closure.
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