Ag Equipment Intelligence spoke earlier this week with Tim Thein (formerly a Citigroup analyst and now at Raymond James & Assoc.), who dealers know from his attendance and presentations at Farm Equipment and Precision Farming Dealer’s annual Summits.
Titan Machinery Inc., a leading network of full-service agricultural and construction equipment stores, reported Aug. 29, 2024, the financial results for the fiscal second quarter ended July 31, 2024.
Case IH dealership group Titan Machinery released preliminary 2Q results for fiscal 2025 on Aug. 14, ahead of the quarter close on Aug. 31. Revenue for the quarter is expected to be about $643 million.
Manufacturing news outlet IndustryWeek recently unveiled its highly anticipated U.S. 500 report, a ranking that highlights the top manufacturing companies across various industries in the U.S.
Titan Machinery’s focus for fiscal year 2025 (ending Jan. 31, 2025) is on inventory reduction, and CEO Bryan Knutson said that will carry into fiscal year 2026.
In its fiscal year 2024 earnings report on March 21, Titan Machinery reported $2 billion in ag equipment revenue for the year, a 28% year-over-year increase.
Tire manufacturer Titan International’s sales to John Deere represented 13% of its 2023 net sales, according to its 10-K annual report released Feb. 29.
This standing feature in the Ag Equipment Intelligence newsletter catalogues notable dealership merger & acquisition activity since the previous newsletter.
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The announcement of a partnership between New Holland and Bluewhite was one of the big precision stories of the summer. West Coast New Holland dealers now have the rights to sell, distribute and service Bluewhite’s aftermarket autonomy kits.