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Overview
Highlights
News
Chart
Contacts
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quarter increased 54% to $20 million, compared to $13 million in the
prior year."
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| Approximate
Financial Snapshot as of 3/11/08 |
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| Shares
Outstanding |
13.4M |
| 52
Wk Hi/Lo |
21.42/
11.50
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| Market
Cap |
$213.2M |
| Recent
Price |
$15.95 |
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3/11/08
Titan
Machinery (TITN)

Website:
www.TitanMachinery.com
Operates a
network of 39 full service stores and two outlet stores
Overview
Titan Machinery (Nasdaq: TITN)
owns and operates a network of full service
agricultural and construction equipment stores in the United States. It operates
as the retail dealer of Case IH Agriculture equipment and New Holland agriculture, case construction, and construction equipment.
The company also sells and rents agricultural and
construction equipment, sells parts, and serves the equipment operating in
the areas surrounding its stores. Its sells and services various
agricultural equipment, including application equipment and sprayers,
combines and attachments, hay and forage equipment, planting and seeding
equipment, precision farming technology, tillage equipment, and tractors.
The company also offers various construction equipment, such as articulated
trucks, compact track loaders, compaction equipment, cranes, crawler dozers,
excavators, forklifts, loader/backhoes, loader/tool carriers, motor graders,
skid steer loaders, telehandlers, and wheel loaders for use commercial and
residential construction, road and highway construction, and mining
applications.
Its customers include farmers, construction contractors,
public utilities, municipalities, and maintenance contractors. The Company
currently operates a network of 39 full service stores and two outlet stores
located in the upper Midwest.
TITN
Investor Highlights
- Recently announced that it
has acquired Ceres Equipment Inc., a farm equipment dealership of CaseIH
and New Holland brands in Roseau, MN.
- Announced third quarter,
revenue increased 67% to $132 million from $79 million.
- Gross profit for the third
quarter increased 54% to $20 million, compared to $13 million in the
prior year.
- Operating income for the
third quarter was $6.0 million compared to $2.8 million in the same
period a year ago.
- Net income for the third
quarter was $2.7 million, or $0.36 per diluted share, versus net income
of $0.8 million, or $0.13 per diluted share, for the third quarter last
year.
- For the nine months ended
October 31, 2007, revenue increased $89.2 million, or 42.8%, to $297.8
million from revenue of $208.6 million in the same period last year. Net
income was $4.9 million, or $0.72 per diluted share, for the period,
compared to net income of $2.3 million, or $0.36 per diluted share, in
the same period last year.
- The Company currently
anticipates revenue for the fourth quarter to increase by approximately
50% to 60%, as compared to the same period a year ago, to $127 million
to $135 million. Earnings per diluted share for the fourth quarter are
expected to be in the range of $0.01 to $0.03 per diluted share, which
includes one-time IPO-related debt conversion and retirement costs of
$3.8 million or $0.20 per diluted share. Excluding these costs, the
Company expects earnings per diluted share to be in the range of $0.21
to $0.23.
- Announced that it has
acquired Avoca Implement and Greenfield Implement, two CaseIH farm
equipment dealerships in Southwest Iowa.
Recent
News and Press Releases
Titan
Machinery Inc. Announces Fiscal Fourth Quarter and Full Year 2008 Results
Titan
Machinery Acquires Dealership; Ceres Equipment Inc.
Titan
Machinery Inc. Announces Fiscal Third Quarter 2008 Results for the Period
Ended October 31, 2007
Titan
Machinery Acquires Two Dealerships in Iowa: Avoca Implement & Greenfield
Implement
For the latest Quote
and News on TITN Click
Here.
Three
Month Chart

Contacts
Titan Machinery
4876 Rocking Horse Circle
Fargo, ND 58104
Phone: 701-356-0130
Fax: 701-356-0139
SEC Filings
TITN filings with the SEC can be found here.
All Fillings are current and the Company is fully reporting.
Disclaimer
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Information contained in this report was extracted from current documents
filed with the SEC, the company web site and other publicly available
sources deemed reliable. For more information see our disclaimer section, a
link of which can be found on our web site. This document contains
forward-looking statements, particularly as related to the business plans of
the Company, within the meaning of Section 27A of the Securities Act of 1933
and Sections 21E of the Securities Exchange Act of 1934, and are subject to
the safe harbor created by these sections. Actual results may differ
materially from the Company's expectations and estimates. The information
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