Titan Machinery

Titan Machinery Elects New Board Member

Retrieved on: 
Thursday, January 18, 2024

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.

Key Points: 
  • 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.
  • 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.
  • We believe that Titan Machinery and our Board will benefit from Richard’s valuable and unique business experience.”
    Mr. Lewis currently serves as director and the principal executive of Iron Capital Group, a company founded by Mr. Lewis in 2015.

Titan Machinery Inc. to Participate in the 2024 ICR Conference

Retrieved on: 
Tuesday, January 2, 2024

WEST FARGO, N.D., Jan. 02, 2024 (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 2024 ICR Conference.

Key Points: 
  • WEST FARGO, N.D., Jan. 02, 2024 (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 2024 ICR Conference.
  • The conference will be held on January 8-10, 2024, in Orlando, FL.
  • The Titan Machinery fireside chat is scheduled for Tuesday, January 9, 2024 at 9:30 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 .

Titan Machinery Inc. Announces Leadership Succession to Drive Next Phase of Growth

Retrieved on: 
Wednesday, October 18, 2023

WEST FARGO, N.D., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (Nasdaq: TITN) (the “Company”), a leading network of full-service agricultural and construction equipment stores, today announced as part of its leadership succession plan, David Meyer, the Company’s Founder, Chairman, and Chief Executive Officer, will transition to Executive Chairman effective February 1, 2024, and will also continue to serve as Chairman of the Board. At that time, Bryan Knutson, the Company’s President and Chief Operating Officer, will succeed Mr. Meyer as Chief Executive Officer, holding the position of President and Chief Executive Officer, and will become a member of the Company’s Board of Directors.

Key Points: 
  • “Bryan is a natural leader with a successful track record and has proven his ability to excel across all aspects of our business.
  • Mr. Knutson has established a successful track record at Titan Machinery for more than two decades, most recently as Chief Operating Officer since 2017, and adding the position of President in 2022.
  • Mr. Knutson has an extensive understanding of the Titan Machinery business and will bring his deep appreciation of Titan’s culture to grow upon the success that Mr. Meyer established during his time as Chief Executive Officer.
  • “I’m excited, honored, and humbled by the opportunity to lead the Titan Machinery organization, which has been such an important part of my life for over 20 years,” stated Mr. Knutson.

Titan Machinery Inc. Announces Strategic Acquisition of O’Connors

Retrieved on: 
Wednesday, August 30, 2023

WEST FARGO, N.D., Aug. 30, 2023 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (Nasdaq: TITN) (“Titan” or the “Company”), a leading network of full-service agricultural and construction equipment stores, announced today that it has entered into a definitive purchase agreement to acquire J.J. O’Connor & Sons Pty. Ltd. (“O’Connors”), the largest Case IH dealership group in Australia, for $63 million in cash, subject to final working capital and other closing adjustments (the “Transaction”). In the unaudited full fiscal year period ended June 30, 2023, O’Connors generated revenue of $258 million and EBITDA of $21.4 million, as translated to USD.

Key Points: 
  • O’Connors, founded in 1964, is the largest Case IH dealership group in Australia, and a market leader in high horsepower equipment.
  • David Meyer, Titan Machinery’s Chairman and Chief Executive Officer, stated, "We are pleased to announce our definitive agreement to acquire O’Connors, Australia’s leading Case IH dealership group.
  • This transaction marks our entry into the Australian agriculture market, as we continue to seek opportunities for Titan to expand its reach, both domestically and abroad.
  • It is anticipated that Titan Machinery will retain O’Connors’ management team following the integration, who will be responsible for the region’s operating performance and report into Titan’s executive team.

Titan Machinery Inc. to Present at the 2023 ICR Conference

Retrieved on: 
Tuesday, January 3, 2023

WEST FARGO, N.D., Jan. 03, 2023 (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 2023 ICR Conference.

Key Points: 
  • WEST FARGO, N.D., Jan. 03, 2023 (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 2023 ICR Conference.
  • The conference will be held on January 9-11, 2023, in Orlando, FL.
  • The Titan Machinery fireside chat is scheduled for Tuesday, January 10, 2023 at 9:00 am Eastern time.
  • There also will be a simultaneous, live webcast available on the Investor Relations section of the Company's web site at www.titanmachinery.com .

Titan Machinery Announces Acquisition of Idaho Dealerships

Retrieved on: 
Monday, December 19, 2022

The acquisition includes five full-line Case IH agriculture dealerships located in southeastern Idaho, two of which are also Case Construction equipment dealerships.

Key Points: 
  • The acquisition includes five full-line Case IH agriculture dealerships located in southeastern Idaho, two of which are also Case Construction equipment dealerships.
  • David Meyer, Titan Machinery's Chairman and Chief Executive Officer, stated, “We are excited to announce our agreement to purchase Pioneer’s Idaho dealership assets.
  • This acquisition represents an ideal opportunity for us to build upon our recent Heartland acquisition, which has an established presence in the region with commercial application equipment customers.
  • We share similar cultures that are focused on attentive, personal, customer service and we look forward to welcoming their team to the Titan Machinery family.”

Titan Machinery Inc. to Report Fiscal Third Quarter Ended October 31, 2022 Results on November 30, 2022

Retrieved on: 
Wednesday, November 16, 2022

Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. International callers can dial (201) 389-0920.

Key Points: 
  • Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. International callers can dial (201) 389-0920.
  • There also will be a simultaneous, live webcast available on the Investor Relations section of the Company's web site at www.titanmachinery.com .
  • The Titan Machinery locations represent one or more of the CNH Industrial Brands, including Case IH, New Holland Agriculture, Case Construction, New Holland Construction, and CNH Industrial Capital.
  • Additional information about Titan Machinery Inc. can be found at www.titanmachinery.com .

Titan Machinery Announces Appointment of Bo Larsen as Chief Financial Officer

Retrieved on: 
Friday, September 30, 2022

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 Companys Chief Financial Officer and Treasurer, effective December 1, 2022.

Key Points: 
  • 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 Companys Chief Financial Officer and Treasurer, effective December 1, 2022.
  • Mr. Larsen will succeed Mark Kalvoda, who will continue as the Companys Chief Financial Officer and Treasurer until the effective date of Mr. Larsens appointment.
  • David Meyer, Titan Machinery's Chairman and Chief Executive Officer, stated, We are delighted to have Bo join the leadership team at Titan Machinery.
  • I am confident that Bo will provide strong leadership and is an excellent addition to the Titan Machinery team.

CASE Kicks Off "The Groundbreaker Roadshow" to Bring the All-New, Industry-First CASE Minotaur™ DL550 Compact Dozer Loader to Customers Across North America

Retrieved on: 
Tuesday, September 13, 2022

RACINE, Wis., Sept. 13, 2022 /PRNewswire/ -- Fans across North America need not wait any longer. Starting September 14, the industry-first CASE Minotaur DL550 will be making its way across the United States and Canada on The Groundbreaker Roadshow — showcased at more than 50 CASE dealer locations. 

Key Points: 
  • Starting September 14, the industry-first CASE Minotaur DL550 will be making its way across the United States and Canada on The Groundbreaker Roadshow showcased at more than 50 CASE dealer locations.
  • The CASE Minotaur DL550 compact dozer loader creates a new equipment category.
  • The hallmark advancement of the CASE Minotaur DL550 is the chassis-integrated C-frame with six-way dozer blade.
  • For more information on the all-new industry-first, groundbreaking CASE Minotaur DL550 compact dozer loader, contact your local CASE dealer, and learn more at http://casece.com/Roadshow .

Titan Machinery Inc. to Report Fiscal Second Quarter Ended July 31, 2022 Results on August 25, 2022

Retrieved on: 
Thursday, August 11, 2022

Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. International callers can dial (201) 389-0920.

Key Points: 
  • Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. International callers can dial (201) 389-0920.
  • There also will be a simultaneous, live webcast available on the Investor Relations section of the Company's web site at www.titanmachinery.com .
  • The Titan Machinery locations represent one or more of the CNH Industrial Brands, including Case IH, New Holland Agriculture, Case Construction, New Holland Construction, and CNH Industrial Capital.
  • Additional information about Titan Machinery Inc. can be found at www.titanmachinery.com .