Titan Machinery Inc - Company Profile
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Titan Machinery Inc (Titan Machinery) is a retailer that owns and operates a store network of full service agricultural and construction equipment. Its product portfolio includes agriculture equipment, construction equipment, wheel loaders, excavators, cranes, crawler dozers, motor graders, articulated haul trucks and service equipment. The company provides new and used equipment sales, parts sales, repair and maintenance services, and equipment rental and financing. It is a retail dealer of Case IH agricultural, Case Construction, New Holland Agriculture and New Holland Construction brands. The company’s operations are spread across the US and Europe. Titan Machinery is headquartered in West Fargo, North Dakota, the US.
Headquarters
United States of America
Address
644 E Beaton Dr, West Fargo, North Dakota, 58078-2648
Website
www.titanmachinery.com
Telephone
1 701 3560130
No of Employees
2,700
Industry
Retailing
Ticker Symbol & Exchange
TITN (NASD)
Revenue (2023)
$2.8B
24.9%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
10.4%
(2023 vs 2022)
Market Cap*
$522.3M
Net Profit Margin (2023)
XYZ
-11.5%
(2023 vs 2022)
* As of and is in US$
Titan Machinery Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Agriculture Equipment | Rental Services |
| Construction Equipment | Equipment Maintenance |
| Wheel Loaders | Machinery Rental Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Asset Purchase | In January, the company acquired the assets of Scott Supply, Co. in Mitchell, South Dakota, the United States. |
| 2023 | Contracts/Agreements | In August, the company entered into an agreement to acquire J.J. O’Connor & Sons Pty. Ltd. |
| 2023 | Contracts/Agreements | In January, the company agreed to acquire the Idaho dealership assets of Pioneer Farm Equipment Co. |
Competitor Comparison
| Key Parameters | Titan Machinery Inc | Caterpillar Inc | Deere & Co | AB Volvo | Komatsu Ltd |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | Sweden | Japan |
| City | West Fargo | Irving | Moline | Goeteborg | Minato-Ku |
| State/Province | North Dakota | Texas | Illinois | - | Tokyo |
| No. of Employees | 2,700 | 113,200 | 83,000 | 90,735 | 64,343 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| David Meyer | Chairman | Executive Board | 1980 | 70 |
| Bryan Knutson | President; Chief Executive Officer | Senior Management | 2024 | - |
| Bo Larsen | Treasurer; Chief Financial Officer | Senior Management | 2022 | 37 |
| Christian Mitterdorfer | Vice President - Europe | Senior Management | - | - |
| Nathan Johnson | Vice President - Technology | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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