Titan Machy Inc Stock Price, News & Analysis

Titan Machinery Inc. (Nasdaq: TITN) will release its financial results for the second quarter ended July 31, 2022, on August 25, 2022. A conference call for investors will follow at 7:30 a.m. CT. Interested parties can join the call via the U.S. number (877) 704-4453 or internationally at (201) 389-0920. A replay will be available for two weeks. The call will also be accessible through a live webcast on the company’s website, archived for 30 days. Titan Machinery operates a network of agricultural and construction equipment stores across North America and Europe.

D.A. Davidson & Co. has been appointed as the exclusive financial advisor to Heartland AG Systems, Inc., the largest CASE IH Application Equipment distributor in North America. Heartland, which has a network spanning 17 states and over 50 years of experience, focuses on sprayer parts and accessories for co-operatives and farm service providers. Titan Machinery, Inc. (NASDAQ:TITN) also plays a significant role, selling and servicing agricultural and construction equipment across the U.S. and Europe.

Titan Machinery has announced a definitive agreement to acquire Heartland Ag Systems for approximately $110 million. This acquisition will enhance Titan's access to Case IH's full line of application equipment products, driving significant sales opportunities, especially in the commercial application customer segment, where Titan previously had no participation. The transaction is expected to be accretive, adding approximately $0.43 to diluted earnings per share, with projected revenue synergies of around $60 million in the first full year. The deal is anticipated to close in August 2022.

Titan Machinery reported a 23.7% increase in first-quarter fiscal 2023 revenue, reaching $461.0 million, with EPS of $0.78 and adjusted EPS of $0.79. The Agriculture segment drove growth, aided by increased equipment deliveries. Despite a slight revenue decline in the Construction segment, same-store sales rose 24.9%. The company raised its fiscal 2023 EPS guidance to $2.85-$3.15. However, revenue growth in the International segment was impacted by the conflict in Ukraine, although overall effects were less severe than anticipated.

Titan Machinery Inc. (Nasdaq: TITN) will release its financial results for the first quarter ending April 30, 2022, on May 26, 2022. Following the release, an investor conference call is scheduled at 7:30 a.m. Central time (8:30 a.m. Eastern time). Investors can participate by calling (877) 704-4453 in the U.S. or (201) 389-0920 internationally. A replay will be available for two weeks post-call. The company operates agricultural and construction equipment stores in North America and Europe, representing brands such as Case IH and New Holland.

Titan Machinery Inc. announced the resignation of CFO Mark Kalvoda, effective January 15, 2023, to pursue other interests. He will remain in his role until then to ensure a smooth transition to his successor. Kalvoda has played a vital role in Titan's financial leadership for 15 years, contributing to record financial results in fiscal 2022. CEO David Meyer expressed gratitude for Kalvoda's contributions and emphasized the importance of a seamless transition.

Titan Machinery operates a network of agricultural and construction equipment dealerships in North America and Europe.

Titan Machinery (TITN) reported impressive financial results for fiscal 2022, with revenue soaring 21.3% to $1.7 billion. The company achieved record GAAP EPS of $2.92 and adjusted EPS of $2.98, reflecting increases of 239.5% and 173.4%, respectively. For Q4, revenue hit $507.6 million, up from $436.7 million year-over-year, driven by strong equipment and parts sales. Despite challenges from inflation and the Ukraine conflict, the company plans future acquisitions to enhance growth. Management anticipates solid fiscal 2023 performance, with EPS guidance of $2.55 to $2.85.

Titan Machinery Inc. (Nasdaq: TITN) will announce its financial results for the fourth quarter and full year ending January 31, 2022, on March 24, 2022. A conference call for investors is scheduled for 7:30 a.m. Central time, with dial-in options for U.S. and international attendees. A live webcast will also be available on the company’s Investor Relations website, which will be archived for 30 days. Titan Machinery operates a network of agricultural and construction equipment stores across North America and Europe.

Titan Machinery Inc. (Nasdaq: TITN) will participate in the 2022 ICR Conference with a fireside chat led by CEO David Meyer and CFO Mark Kalvoda. The event is scheduled for January 11, 2022, at 3:30 PM Eastern Time, and will be held virtually from January 10-12, 2022. A live webcast will be accessible on the company's Investor Relations page and archived for 30 days. Titan Machinery operates a network of agricultural and construction equipment stores across North America and Europe, representing leading brands such as Case IH and New Holland Agriculture.