Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores in the United States and Europe. It operates through three segments: Agriculture, Construction, and International. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers. Its agricultural equipment includes machinery and attachments for use in the production of food, fiber, feed grain, and renewable energy; and home and garden applications, as well as maintenance of commercial, residential, and government properties. The company's construction equipment comprises heavy construction machinery, light industrial machinery for commercial and residential construction, road and highway construction machinery, and energy and forestry operations equipment. It also sells maintenance and replacement parts. In addition, the company offers repair and maintenance services that include warranty repairs, off-site and on-site repair services, scheduling off-season maintenance services, and notifying customers of periodic service requirements; and training programs to customers. Further, it rents equipment; and provides ancillary equipment support services, such as equipment transportation, global positioning system signal subscriptions and other precision farming products, farm data management products, and CNH Industrial finance and insurance products. The company operates in Colorado, Iowa, Minnesota, Montana, Nebraska, North Dakota, South Dakota, Wisconsin, and Wyoming, the United States; and Bulgaria, Germany, Romania, Serbia, and Ukraine, Europe. Titan Machinery Inc. was founded in 1980 and is headquartered in West Fargo, North Dakota.
IPO Year: 2007
Exchange: NASDAQ
Website: titanmachinery.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/11/2025 | $25.00 | Market Perform → Outperform | Northland Capital |
| 3/27/2025 | $19.00 | Neutral | B. Riley Securities |
| 1/27/2025 | $14.00 → $25.00 | Neutral → Outperform | Robert W. Baird |
| 8/20/2024 | Outperform → Market Perform | Northland Capital | |
| 8/15/2024 | $15.00 | Buy → Hold | Lake Street |
| 6/5/2024 | $32.00 → $20.00 | Buy → Neutral | B. Riley Securities |
| 7/25/2023 | $50.00 | Buy | Lake Street |
| 12/13/2022 | $48.00 | Buy | B. Riley Securities |
| 11/24/2021 | $35.00 → $40.00 | Buy | Craig-Hallum |
| 11/24/2021 | $37.00 → $41.00 | Outperform → Neutral | Robert W. Baird |
4 - Titan Machinery Inc. (0001409171) (Issuer)
4 - Titan Machinery Inc. (0001409171) (Issuer)
4 - Titan Machinery Inc. (0001409171) (Issuer)
4 - Titan Machinery Inc. (0001409171) (Issuer)
4 - Titan Machinery Inc. (0001409171) (Issuer)
4 - Titan Machinery Inc. (0001409171) (Issuer)
4 - Titan Machinery Inc. (0001409171) (Issuer)
4 - Titan Machinery Inc. (0001409171) (Issuer)
4 - Titan Machinery Inc. (0001409171) (Issuer)
4 - Titan Machinery Inc. (0001409171) (Issuer)
WEST FARGO, N.D., May 16, 2025 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN), a leading network of full-service agricultural and construction equipment stores, today 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, South Dakota. The transaction closed on May 15, 2025. For the full calendar year 2024, Farmers Implement & Irrigation generated revenue of approximately $20 million. Bryan Knutson, Titan Machinery Chief Executive Officer, commented, "This acquisition aligns with our strategic growth initiatives and allows us to expand our New Holland presence in the
WEST FARGO, N.D., May 08, 2025 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN), a leading network of full-service agricultural and construction equipment stores, announced today it will release financial results for the first quarter April 30, 2025, on Thursday, May 22, 2025, followed by an investor conference call at 7:30 a.m. Central time (8:30 a.m. Eastern time). Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. International callers can dial (201) 389-0920. A telephone replay will be available approximately three hours after the call concludes and will be available through June 5, 2025, by dialing (844) 512-2921 from the U.S., or (412)
- Achieved Approximately $304 Million of Inventory Reduction in the Fiscal Fourth Quarter, Bringing Total Inventory Reduction Since Fiscal Second Quarter Peak to $419 Million - - Service Revenue Increased 14.5% , or 7.1% on a Same-store Basis, for the Full Year Fiscal 2025 - - Provides Fiscal 2026 Modeling Assumptions - In a release issued earlier today by Titan Machinery Inc. (NASDAQ:TITN), please note that in the "Non-GAAP Reconciliations" table, the "Adjusted Diluted (Loss) Earnings per Share" has changed from $(1.88) to $(1.98). The corrected release follows: WEST FARGO, N.D., March 20, 2025 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN), a leading network of full-service
- Achieved Approximately $304 Million of Inventory Reduction in the Fiscal Fourth Quarter, Bringing Total Inventory Reduction Since Fiscal Second Quarter Peak to $419 Million - - Service Revenue Increased 14.5% , or 7.1% on a Same-store Basis, for the Full Year Fiscal 2025 - - Provides Fiscal 2026 Modeling Assumptions - WEST FARGO, N.D., March 20, 2025 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal fourth quarter and full year ended January 31, 2025. "Our fiscal fourth quarter results reflect a significant step forward in the execution of our inven
WEST FARGO, N.D., March 13, 2025 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN), a leading network of full-service agricultural and construction equipment stores, announced today it will release financial results for the fourth quarter and full year ended January 31, 2025, on Thursday, March 20, 2025, followed by an investor conference call at 7:30 a.m. Central time (8:30 a.m. Eastern time). Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. International callers can dial (201) 389-0920. A telephone replay will be available approximately three hours after the call concludes and will be available through April 3, 2025, by dialing (844) 512-
WEST FARGO, N.D., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN), a leading network of full-service agricultural and construction equipment stores, today announced that management will be participating in a fireside chat at the 2025 ICR Conference. The conference will be held on January 13-15, 2025, in Orlando, FL. The Titan Machinery fireside chat is scheduled for Tuesday, January 14, 2025 at 8:30 am Eastern Time. There also will be a simultaneous, live audio webcast available on the Investor Relations section of the Company's web site at www.titanmachinery.com. The webcast will be archived for 30 days. About Titan Machinery Inc. Titan Machinery Inc., founded in 1
- Reduced Inventory by Approximately $115 Million, as Compared to Fiscal Second Quarter - - Updates Fiscal 2025 Modeling Assumptions - WEST FARGO, N.D., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN) ("Titan" or the "Company"), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal third quarter ended October 31, 2024. "Our third quarter results reflect a market cycle that is largely playing out as we anticipated within our domestic Agriculture segment," commented Bryan Knutson, Titan Machinery's President and Chief Executive Officer. "While we continue to face headwinds impacting the broade
WEST FARGO, N.D., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN), a leading network of full-service agricultural and construction equipment stores, announced today it will release financial results for the third quarter ended October 31, 2024, on Tuesday, November 26, 2024, followed by an investor conference call at 7:30 a.m. Central time (8:30 a.m. Eastern time). Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. International callers can dial (201) 389-0920. A telephone replay will be available approximately three hours after the call concludes and will be available through December 10, 2024, by dialing (844) 512-2921 from
WEST FARGO, N.D., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN) ("Titan" or the "Company"), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal second quarter ended July 31, 2024. "As previously announced, our second quarter results reflect the challenging market conditions that are impacting farmer sentiment and agriculture equipment sales," commented Bryan Knutson, Titan Machinery's President and Chief Executive Officer. "In response to these market dynamics, we have been executing on the strategies we outlined: actively managing our inventory levels with a focus on used equipment, imple
– Updates Fiscal 2025 Modeling Assumptions – – Company to Hold Conference Call to Discuss Fiscal Second Quarter Results on August 29, 2024 – WEST FARGO, N.D., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN) (the "Company"), a leading network of full-service agricultural and construction equipment stores, today announced preliminary results for the fiscal second quarter ended July 31, 2024. "Lower commodity prices and sustained high interest rates, along with mixed growing conditions across our footprint, have negatively affected farmer sentiment resulting in lower agriculture equipment sales in our fiscal second quarter," commented Bryan Knutson, Titan Machinery's
Northland Capital upgraded Titan Machinery from Market Perform to Outperform and set a new price target of $25.00
B. Riley Securities resumed coverage of Titan Machinery with a rating of Neutral and set a new price target of $19.00
Robert W. Baird upgraded Titan Machinery from Neutral to Outperform and set a new price target of $25.00 from $14.00 previously
Northland Capital downgraded Titan Machinery from Outperform to Market Perform
Lake Street downgraded Titan Machinery from Buy to Hold and set a new price target of $15.00
B. Riley Securities downgraded Titan Machinery from Buy to Neutral and set a new price target of $20.00 from $32.00 previously
Lake Street initiated coverage of Titan Machinery with a rating of Buy and set a new price target of $50.00
B. Riley Securities initiated coverage of Titan Machinery with a rating of Buy and set a new price target of $48.00
Craig-Hallum reiterated coverage of Titan Machinery with a rating of Buy and set a new price target of $40.00 from $35.00 previously
Robert W. Baird downgraded Titan Machinery from Outperform to Neutral and set a new price target of $41.00 from $37.00 previously
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WEST FARGO, N.D., May 16, 2025 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN), a leading network of full-service agricultural and construction equipment stores, today 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, South Dakota. The transaction closed on May 15, 2025. For the full calendar year 2024, Farmers Implement & Irrigation generated revenue of approximately $20 million. Bryan Knutson, Titan Machinery Chief Executive Officer, commented, "This acquisition aligns with our strategic growth initiatives and allows us to expand our New Holland presence in the
WEST FARGO, N.D., May 08, 2025 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN), a leading network of full-service agricultural and construction equipment stores, announced today it will release financial results for the first quarter April 30, 2025, on Thursday, May 22, 2025, followed by an investor conference call at 7:30 a.m. Central time (8:30 a.m. Eastern time). Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. International callers can dial (201) 389-0920. A telephone replay will be available approximately three hours after the call concludes and will be available through June 5, 2025, by dialing (844) 512-2921 from the U.S., or (412)
- Achieved Approximately $304 Million of Inventory Reduction in the Fiscal Fourth Quarter, Bringing Total Inventory Reduction Since Fiscal Second Quarter Peak to $419 Million - - Service Revenue Increased 14.5% , or 7.1% on a Same-store Basis, for the Full Year Fiscal 2025 - - Provides Fiscal 2026 Modeling Assumptions - In a release issued earlier today by Titan Machinery Inc. (NASDAQ:TITN), please note that in the "Non-GAAP Reconciliations" table, the "Adjusted Diluted (Loss) Earnings per Share" has changed from $(1.88) to $(1.98). The corrected release follows: WEST FARGO, N.D., March 20, 2025 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN), a leading network of full-service
- Achieved Approximately $304 Million of Inventory Reduction in the Fiscal Fourth Quarter, Bringing Total Inventory Reduction Since Fiscal Second Quarter Peak to $419 Million - - Service Revenue Increased 14.5% , or 7.1% on a Same-store Basis, for the Full Year Fiscal 2025 - - Provides Fiscal 2026 Modeling Assumptions - WEST FARGO, N.D., March 20, 2025 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal fourth quarter and full year ended January 31, 2025. "Our fiscal fourth quarter results reflect a significant step forward in the execution of our inven
WEST FARGO, N.D., March 13, 2025 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN), a leading network of full-service agricultural and construction equipment stores, announced today it will release financial results for the fourth quarter and full year ended January 31, 2025, on Thursday, March 20, 2025, followed by an investor conference call at 7:30 a.m. Central time (8:30 a.m. Eastern time). Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. International callers can dial (201) 389-0920. A telephone replay will be available approximately three hours after the call concludes and will be available through April 3, 2025, by dialing (844) 512-
- Reduced Inventory by Approximately $115 Million, as Compared to Fiscal Second Quarter - - Updates Fiscal 2025 Modeling Assumptions - WEST FARGO, N.D., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN) ("Titan" or the "Company"), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal third quarter ended October 31, 2024. "Our third quarter results reflect a market cycle that is largely playing out as we anticipated within our domestic Agriculture segment," commented Bryan Knutson, Titan Machinery's President and Chief Executive Officer. "While we continue to face headwinds impacting the broade
WEST FARGO, N.D., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN), a leading network of full-service agricultural and construction equipment stores, announced today it will release financial results for the third quarter ended October 31, 2024, on Tuesday, November 26, 2024, followed by an investor conference call at 7:30 a.m. Central time (8:30 a.m. Eastern time). Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. International callers can dial (201) 389-0920. A telephone replay will be available approximately three hours after the call concludes and will be available through December 10, 2024, by dialing (844) 512-2921 from
WEST FARGO, N.D., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN) ("Titan" or the "Company"), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal second quarter ended July 31, 2024. "As previously announced, our second quarter results reflect the challenging market conditions that are impacting farmer sentiment and agriculture equipment sales," commented Bryan Knutson, Titan Machinery's President and Chief Executive Officer. "In response to these market dynamics, we have been executing on the strategies we outlined: actively managing our inventory levels with a focus on used equipment, imple
– Updates Fiscal 2025 Modeling Assumptions – – Company to Hold Conference Call to Discuss Fiscal Second Quarter Results on August 29, 2024 – WEST FARGO, N.D., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN) (the "Company"), a leading network of full-service agricultural and construction equipment stores, today announced preliminary results for the fiscal second quarter ended July 31, 2024. "Lower commodity prices and sustained high interest rates, along with mixed growing conditions across our footprint, have negatively affected farmer sentiment resulting in lower agriculture equipment sales in our fiscal second quarter," commented Bryan Knutson, Titan Machinery's
WEST FARGO, N.D., May 23, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN) ("Titan" or the "Company"), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal first quarter ended April 30, 2024. "Our first quarter results reflected an industry-wide transition to a more challenging market environment, characterized by softening demand and excess supply of inventory in many product categories as OEM delivery timelines returned to normal and as new sales converted to used trade-ins," stated Bryan Knutson, Titan Machinery's President and Chief Executive Officer. "Lower net farm income and the extended duratio
4 - Titan Machinery Inc. (0001409171) (Issuer)
4 - Titan Machinery Inc. (0001409171) (Issuer)
4 - Titan Machinery Inc. (0001409171) (Issuer)
4 - Titan Machinery Inc. (0001409171) (Issuer)
4 - Titan Machinery Inc. (0001409171) (Issuer)
WEST FARGO, N.D., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN) announced today that it has elected Richard E. Lewis to its Board of Directors. Mr. Lewis' term on the Board of Directors will begin February 1, 2024. With the election of Mr. Lewis, the Board will consist of nine directors, including seven independent directors. "We are pleased that Richard has accepted the invitation to join our Board of Directors," said David Meyer, Titan Machinery's Board Chair and CEO. "Richard has enjoyed a distinguished business career in the agricultural and construction equipment industries, primarily in Australia. He has a proven record of leadership in sales, marketing, and
WEST FARGO, N.D., Sept. 30, 2022 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN), a leading network of full-service agricultural and construction equipment stores, today announced the appointment of Robert (Bo) Larsen as the Company's Chief Financial Officer and Treasurer, effective December 1, 2022. Mr. Larsen intends to join the Company on November 1, 2022. Mr. Larsen will succeed Mark Kalvoda, who will continue as the Company's Chief Financial Officer and Treasurer until the effective date of Mr. Larsen's appointment. To ensure a smooth and orderly transition, Mr. Kalvoda will remain as an employee of the Company in an advisory capacity through January 15, 2023. Mr. Larsen joins