OverviewSuggest Edit

Titan Machinery owns and operates a network of full-service agricultural and construction equipment stores. It operates through three segments: Agriculture, Construction, and International. The Company sells new and used equipment, as well as maintenance and replacement parts. In addition, it offers repair and maintenance services, provides training programs to customers, and sells extended warranty services. Further, the Company rents equipment, and provides ancillary equipment support services.

TypePublic
Founded1980
HQWest Fargo, ND, US
Websitetitanmachinery.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Jan 2019)1,550(-23%)
Job Openings69
Revenue (FY, 2021)$1.4 B(+9%)
Share Price (Nov 2021)$32.7(+2%)
Cybersecurity ratingBMore
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Key People/Management at Titan Machinery

David Meyer

David Meyer

Chairman and Chief Executive Officer
Tony Christianson

Tony Christianson

Director
Mark Kalvoda

Mark Kalvoda

Chief Financial Officer and Treasurer
Stan Dardis

Stan Dardis

Lead Independent Director
Steve Noack

Steve Noack

General Counsel and Corporate Secretary
Stan Erickson

Stan Erickson

Director
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Titan Machinery Office Locations

Titan Machinery has an office in West Fargo
West Fargo, ND, US (HQ)
644 E Beaton Dr
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Titan Machinery Financials and Metrics

Titan Machinery Revenue

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Titan Machinery's revenue was reported to be $1.41 b in FY, 2021
USD

Revenue (FY, 2021)

1.4b

Gross profit (FY, 2021)

261.4m

Gross profit margin (FY, 2021), %

18.5%

Net income (FY, 2021)

19.4m

EBIT (FY, 2021)

37.4m

Market capitalization (12-Nov-2021)

724.9m

Closing stock price (12-Nov-2021)

32.7

Cash (31-Jan-2021)

79.0m

EV

780.7m
Titan Machinery's current market capitalization is $724.9 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Revenue

1.7b2.2b2.2b1.9b1.4b1.2b1.2b1.3b1.3b1.4b

Revenue growth, %

(15%)(28%)(11%)(1%)

Cost of goods sold

1.4b1.9b1.9b1.6b1.2b999.4m987.6m1.0b1.1b1.1b

Gross profit

275.5m339.4m348.1m308.4m205.9m213.7m215.3m231.6m250.8m261.4m
Quarterly
USDQ2, 2012Q3, 2012Q1, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

310.8m423.0m421.7m582.1m441.7m488.2m588.0m465.5m451.0m493.1m353.2m334.2m345.0m284.9m278.3m332.3m264.1m268.9m330.3m245.7m299.9m363.6m278.3m315.0m360.9m310.2m303.5m360.9m

Cost of goods sold

255.0m349.0m351.3m488.1m367.7m404.6m494.4m389.5m371.3m408.5m292.8m272.1m277.8m231.3m225.4m273.8m215.2m216.1m268.9m198.1m241.0m294.1m224.4m251.0m289.2m251.8m240.8m288.3m

Gross profit

55.9m74.0m70.4m94.1m73.9m83.5m93.6m75.9m79.7m84.7m60.4m62.1m67.1m53.5m52.9m58.4m48.9m52.8m61.5m47.6m58.9m69.5m53.9m64.0m71.8m58.4m62.7m72.6m

Gross profit Margin, %

18%17%17%16%17%17%16%16%18%17%17%19%19%19%19%18%19%20%19%19%20%19%19%20%20%19%21%20%
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Cash

124.4m74.2m127.5m89.5m53.2m53.4m56.7m43.7m79.0m

Accounts Receivable

121.8m60.1m60.7m77.5m72.8m69.1m

Prepaid Expenses

8.2m11.0m12.4m15.6m13.7m13.7m

Inventories

879.4m929.2m1.1b689.5m478.3m472.5m491.1m597.4m418.5m
Quarterly
USDQ2, 2012Q3, 2012Q1, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

102.2m97.9m106.7m115.7m114.3m102.4m113.4m82.0m89.7m110.2m104.4m95.4m78.4m63.8m51.1m52.4m56.2m57.5m43.9m57.3m49.7m52.2m63.3m49.5m52.4m50.8m44.5m41.8m

Accounts Receivable

53.5m53.0m53.7m96.6m86.0m94.4m78.4m81.7m85.9m86.5m88.9m76.4m75.8m73.5m

Prepaid Expenses

2.3m2.2m5.1m4.2m9.8m27.1m11.1m9.1m12.2m8.3m7.9m10.6m7.1m8.7m

Inventories

622.5m738.3m823.2m1.0b1.0b1.1b1.2b1.1b1.1b1.1b880.1m877.8m813.8m684.8m682.0m607.6m484.1m517.5m529.8m518.2m547.1m525.3m568.3m629.2m624.2m583.4m570.7m532.7m
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Net Income

44.1m42.5m8.1m(38.2m)(14.5m)(7.0m)12.2m14.0m19.4m

Depreciation and Amortization

15.3m23.5m30.8m31.8m28.5m26.9m25.1m23.6m28.1m23.7m

Inventories

(182.4m)171.6m197.0m211.8m20.3m5.0m(99.5m)199.2m

Cash From Operating Activities

(182.2m)(115.3m)(50.1m)53.3m231.9m141.0m95.8m46.6m955.0k173.0m
Quarterly
USDQ2, 2012Q3, 2012Q1, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q2, 2022

Net Income

13.6m26.4m7.5m26.9m(414.0k)3.4m9.1m(4.5m)(8.7m)(1.6m)3.6m14.3m(445.0k)5.1m13.3m2.3m8.7m18.6m21.8m

Depreciation and Amortization

6.1m10.2m4.9m17.5m5.9m13.3m23.1m6.7m14.7m23.9m6.7m13.8m21.6m6.2m12.8m19.9m6.1m12.3m18.9m5.5m11.4m17.9m6.1m13.3m21.1m5.4m11.3m17.7m10.6m

Inventories

(287.4m)(42.0m)(68.3m)(2.4m)522.0k8.9m72.4m9.4m13.6m91.2m(3.8m)(32.0m)(41.7m)(42.4m)(73.9m)(28.7m)(78.3m)(140.1m)(133.9m)11.9m31.9m76.5m(17.2m)

Cash From Operating Activities

(76.9m)(176.8m)(24.9m)(172.7m)(6.3m)(48.5m)(107.4m)(54.6m)(79.4m)(82.6m)14.3m185.6m198.8m(24.9m)60.4m74.4m40.9m66.9m56.0m(27.0m)(14.1m)11.7m2.9m(6.3m)(8.3m)(5.4m)13.0m60.8m28.6m
USDQ2, 2012

Financial Leverage

3 x
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Titan Machinery Revenue Breakdown

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Titan Machinery revenue breakdown by business segment: 57.7% from Agriculture, 24.9% from Construction and 17.4% from International

Titan Machinery Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Titan Machinery Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Titan Machinery Online and Social Media Presence

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Titan Machinery News and Updates

Titan Machinery Inc. Announces Results for Fiscal Third Quarter Ended October 31, 2021

- Revenue for Third Quarter of Fiscal 2022 Increased 25.8% to $454.0 million -

Titan Machinery Inc. Announces Acquisition of Jaycox Implement, Inc.

WEST FARGO, N.D., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agricultural and construction equipment stores, announced today that it has entered into a definitive purchase agreement to acquire the assets of Jaycox Implement, Inc. (“Jayc…

Titan Machinery Inc. Announces Results for Fiscal Second Quarter Ended July 31, 2021

- Revenue for Second Quarter of Fiscal 2022 Increased 24.4% to $377.6 million -

Titan Machinery Inc. to Report Fiscal Second Quarter Ended July 31, 2021 Results on August 26, 2021

WEST FARGO, N.D., Aug. 12, 2021 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agricultural and construction equipment stores, announced today it will release financial results for the second quarter ended July 31, 2021, on Thursday, August 26, 2021, fol…

Titan Machinery Inc. Announces Results for Fiscal First Quarter Ended April 30, 2021

- Revenue for First Quarter of Fiscal 2022 Increased 20.1% to $372.7 million -

Titan Machinery Inc. to Report Fiscal First Quarter Ended April 30, 2021 Results on May 27, 2021

WEST FARGO, N.D., May 13, 2021 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agricultural and construction equipment stores, announced today it will release financial results for the first quarter ended April 30, 2021, on Thursday, May 27, 2021, followe…
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Titan Machinery Frequently Asked Questions

  • When was Titan Machinery founded?

    Titan Machinery was founded in 1980.

  • Who are Titan Machinery key executives?

    Titan Machinery's key executives are David Meyer, Tony Christianson and Mark Kalvoda.

  • How many employees does Titan Machinery have?

    Titan Machinery has 1,550 employees.

  • What is Titan Machinery revenue?

    Latest Titan Machinery annual revenue is $1.4 b.

  • What is Titan Machinery revenue per employee?

    Latest Titan Machinery revenue per employee is $910.5 k.

  • Who are Titan Machinery competitors?

    Competitors of Titan Machinery include Columbus McKinnon, Wacker Neuson and Bobcat Company.

  • Where is Titan Machinery headquarters?

    Titan Machinery headquarters is located at 644 E Beaton Dr, West Fargo.

  • Where are Titan Machinery offices?

    Titan Machinery has an office in West Fargo.

  • How many offices does Titan Machinery have?

    Titan Machinery has 1 office.