Titan Machinery Expands
West Fargo-based Titan Machinery has an agreement to buy five Case IH agriculture dealerships in southeastern Idaho. The deal is expected to be finalized in February.
Articles tagged under: Titan Machinery
Titan Machinery Hires New CFO
Titan Machinery named CNH Industrial Head of Finance Bo Larsen as its new Chief Financial Officer and Treasurer effective December 1. Larsen will succeed Mark Kalvoda, who will stay on in an advisory role through January 15. Prior to serving…
Titan Announces Strategic Acquisition of Heartland Ag Systems
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
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
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
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
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
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
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
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…
