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Articles Tagged with ''David Meyer''

Titan Machinery Reports Record 3Q Earnings, Watching Inventory Levels

December 18, 2023 | Posted in Data & Trends

Titan Machinery reported record third quarter earnings for fiscal year 2024 on Nov. 30. The Case IH dealership group achieved revenues of $694 million for the period ending Oct. 31, 2023, up 3.8% vs. the same period last year.

Titan Machinery Announces Leadership Succession

President and COO Bryan Knutson to Become President and CEO Chairman and CEO David Meyer to Assume Role of Executive Chairman

October 18, 2023 | Posted in Dealers & Dealerships

David Meyer, the Company’s Founder, Chairman and Chief Executive Officer, will transition to Executive Chairman effective Feb. 1, 2024, and will also continue to serve as Chairman of the Board. At that time, Bryan Knutson will succeed Meyer as Chief Executive Officer.

2Q Growth in Consolidated & Ag Revenue for Titan Machinery; Company Maintains Ag FY Guidance

August 31, 2023

While consolidated revenue for 2QFY24 increased 29.4% year over year and Ag segment revenue grew 34.4%, the company maintained its FY24 guidance that the Ag segment would be up 20-25% year over year.

Titan Machinery Acquires Australia's Largest Case IH Dealer Group

August 30, 2023 | Posted in Dealers & Dealerships, Mergers & Acquisitions

Titan Machinery announced it has entered into a definitive purchase agreement to acquire J.J. O’Connor & Sons Pty. Ltd., the largest Case IH dealership group in Australia, for $63 million in cash.

Heartland Ag Systems & Titan: 9 Months Later

April 24, 2023 | Posted in Analysis & Commentary

Ag Equipment Intelligence recently checked with Heartland Ag Systems President Arnie Sinclair on the integration of the distributor/manufacturer which was acquired by Titan Machinery in the summer of 2022. The acquisition brought together Case IH’s largest application equipment distributor with the major’s largest equipment dealer.

Titan Machinery Reports Record Quarter, Talks Allocation & Consolidation

December 15, 2022 | Posted in Earnings Reports

Case IH dealer Titan Machinery announced its 3rd quarter earnings for fiscal year 2023 on Nov. 30, 2022. Revenue for the quarter came in at $668.8 million, up 47% from $454 million in the same period last year.

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Titan Machinery Reports Third Quarter in a Row of Inventory Growth

September 15, 2022 | Posted in Equipment & Equipment Sales

According to Titan Machinery’s Aug. 25 second quarter fiscal year 2023 earnings report, the company had $556.4 million in inventory as of July 31, its third quarter in a row of inventory increases.

Titan Machinery 1Q23 Earnings: More New Inventory, Reduced Ukraine Losses

May 26, 2022 | Posted in Earnings Reports

Equipment sales were $356.4 million for the first quarter of fiscal 2023, compared to $276 million in the first quarter last year.

Titan Machinery Announces CFO Transition Plan

CFO Mark Kalvoda will remain with Company until January 2023 to ensure a smooth transition

April 25, 2022 | Posted in Ag Equipment People, Dealers & Dealerships

Titan CFO Mark Kalvoda has provided his notice of resignation effective January 15, 2023, to pursue other interests. Kalvoda will remain in his current role as CFO to ensure a smooth and constructive transition to his successor.

Titan Machinery Reports FY22 Revenue Up 21%

March 24, 2022 | Posted in Earnings Reports

Revenue for the fiscal year 2022 increased 21.3% to $1.7 billion for fiscal 2022. Net income for fiscal 2022 was $66 million, or $2.92 per diluted share, compared to $19.4 million, or $0.86 per diluted share, for the prior year.

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.

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Articles Tagged with ''David Meyer''

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