Articles tagged under: Titan Machinery
Titan Announces Strategic Acquisition of Heartland Ag Systems
Published July 11, 2022
West Fargo-based Titan Machinery has entered into a definitive agreement to acquire Heartland Ag Systems for $110 million. Heartland is based in Hutchinson, Minnesota and is the largest Case IH Application Equipment distributor in North America.Titan Machinery Releases 1Q Financials
Published May 26, 2022
West Fargo-based Titan Machinery reports first quarter net income of $17.5 million. That's up from $10.5 million in the first quarter of last year. Titan Machinery's agriculture business benefited from "robust demand."Kalvoda Will Leave Titan Machinery in 2023
Published April 27, 2022
Titan Machinery Chief Financial Officer Mark Kalvoda is leaving his position effective January 15, 2023 to pursue other interests. Kalvoda will remain in his role as CFO to ensure a smooth transition to his successor. A press release says Titan…Titan Machinery Searching for Next CFO
Published April 26, 2022
Titan Machinery Chief Financial Officer Mark Kalvoda has announced his resignation, effective January 15, 2023. Kalvoda has been with West Fargo-based Titan Machinery for 15 years. A search process will begin to find Kalvoda’s successor.Titan Machinery and Augmenta Offer Real-Time Variable Rate Application
Published April 15, 2022
Titan Machinery is partnering with Augmenta to provide a variable rate application system. This device automates a variety of in-season crop inputs, including nitrogen, fungicides and growth-rate regulators. Titan Machinery has more than 100 dealers in the United States and…Titan Machinery Reports Fourth Quarter Income
Published March 28, 2022
Titan Machinery is reporting fiscal year 2022 fourth quarter net income of $22.4 million. That compares to 2021 fourth quarter income of $1.94 million. Chief Financial Officer Mark Kalvoda said all business segments performed well. "Our equipment business increased 16.7…Titan Stores in Ukraine Open on a Limited Basis
Published March 28, 2022
During Titan Machinery’s quarterly conference call, Chief Operating Officer Bryan Knutson updated investors on the company's business in Ukraine. "While there's total business disruptions in Ukraine, this market is less than five percent of our company's total assets and less…Equipment Sales Remain Strong for Titan Machinery
Published November 23, 2021
Titan Machinery is reporting third quarter net income of $21.8 million, that's based on revenues of $454 million for the quarter that ended October 31. Year-over-year third quarter equipment sales were up 37 percent to $329.8 million. Titan Machinery Chairman…2Q Revenues Rise for Titan Machinery
Published August 27, 2021
West Fargo-based Titan Machinery is reporting second quarter revenues of nearly $378 million. That’s up from $303 million one year ago. Revenues in the agriculture segment were over $219 million, up from $169 million in the second quarter of last…