Trade Titan Machinery Inc - TITN CFD

Titan Machinery Company profile

About Titan Machinery Inc.

Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in the United States and Europe. The Company is a retail dealer of case international harvester (IH) agriculture equipment, case construction equipment in North America, and new holland agriculture and new holland construction equipment in the United States. It operates its business through three reportable segments: Agriculture, Construction and International, within which the Company engaged in four principal business activities, including new and used equipment sales, parts sales, equipment repair and maintenance services, and equipment rental and other activities. The Company sells new agricultural and construction equipment manufactured under the case and new holland (CNH) Industrial family of brands, and equipment from a variety of other manufacturers, such as Case IH, New Holland Agriculture, Case Construction, New Holland Construction, and CNH Industrial Capital.

Financial summary

BRIEF: For the nine months ended 31 October 2021, Titan Machinery Inc. revenues increased 24% to $1.2B. Net income applicable to common stockholders increased from $18.3M to $43M. Revenues reflect Agriculture segment increase of 29% to $500.9M, Comp. Store Sales- % - Construction increase from 3.6 to 11.1%, Retail Sales- Equipment increase of 33% to $878.5M. Net income benefited from Merchandise Margins - %- Equipment increase of 17% to 12.2%, Merchandise Margins.

Equity composition

Common Stock $.00001 Par, 4/11, 25M auth., 17,922,193 issd. Insiders ownb 18.84%.IPO 12/06/07, 6M Shares @ $8.5 per share by Craig-Hallum Capital Group and Robert W. Baird & Co.