Titan Machinery

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Titan Machinery, Inc.
TypePublic
Nasdaq: TITN
Russell 2000 Component
IndustryAgricultural equipment
Construction equipment
Headquarters
Fargo, North Dakota
,
United States
Area served
Midwestern United States
Key people
David Meyer, CEO
ProductsCase IH, New Holland Agriculture, Case CE, New Holland Construction
Revenue$1.094 billion (2011)[1]
$44 million (2011)[1]
$22 million (2011)[1]
Number of employees
over 1800 (2011)[2]
Websitewww.titanmachinery.com

Titan Machinery Incorporated is one of the largest American dealers of agricultural and construction equipment.[2] It is based in Fargo, North Dakota and has locations throughout the Midwestern United States.[2] The company is publicly traded on NASDAQ using the symbol TITN.[2] As of 2019, the company reported a Wage ratio of 8:1,[3] compared with a publicly traded average exceeding 200:1.

History[]

Titan was founded in 1980 and it is headquartered in West Fargo, North Dakota.[4] Titan owns and operates one of the largest networks of full service agricultural and construction equipment stores in North America.[2] These locations represent one or more of the brands: Case IH, New Holland Agriculture, Case CE, New Holland Construction, and CNH Industrial Capital.[5]

A Titan Machinery in Gillette, Wyoming

In 2011, it acquired at least four dealership companies in the United States.[5] As of April 1, 2013, Titan had 107 dealerships in Iowa, New Mexico, Arizona, Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, Wisconsin, and Wyoming.[4] In late 2011, Titan announced that they had purchased two Case IH dealers in Bucharest and Timișoara, Romania bring its total to 119 dealerships in the world.[6]

As of February 2022, Titan Machinery operates over 70 dealerships in North American which are located in Colorado, Iowa, Minnesota, Nebraska, North Dakota, South Dakota, Wisconsin and Wyoming as well as 19 European dealerships in Germany, Bulgaria, Romania and Ukraine.

References[]

  1. ^ a b c "TITN Annual Financial statement". Yahoo Financial. Retrieved 25 January 2012.
  2. ^ a b c d e "Titan Machinery Inc". Hoover's. Retrieved 25 January 2012.
  3. ^ "AFL-CIO Company Pay Ratios". AFL–CIO. Retrieved 28 October 2019.
  4. ^ a b "Profile". Yahoo Financial. Retrieved 25 January 2012.
  5. ^ a b "Titan Machinery Inc". Retrieved 25 January 2012.
  6. ^ "Titan Machinery Announces International Expansion into Romania". Farm Equipment magazine. Retrieved 25 January 2012.

External links[]

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