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Titan Machinery, Inc. (TITN)

12.45 Down 1.00(7.43%) 12:26PM EDT - Nasdaq Real Time Price
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Titan Machinery, Inc.
644 East Beaton Drive
West Fargo, ND 58078
United States - Map
Phone: 701-356-0130

Index Membership:N/A
Industry:Industrial Equipment Wholesale
Full Time Employees:2,497

Business Summary 

Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in the United States and Europe. The company operates through three segments: Agriculture, Construction, and International. It sells new and used equipment comprising agricultural and construction equipment manufactured under the CNH family of brands, as well as equipment from various other manufacturers. The company’s agricultural equipment include application equipment and sprayers, combines and attachments, hay and forage equipment, planting and seeding equipment, precision farming technology, tillage equipment, and tractors for farming, and home and garden applications. The company’s construction equipment comprise articulated trucks, compact track loaders, compaction equipment, cranes, crawler dozers, excavators, forklifts, loader/backhoes, loader/tool carriers, motor graders, skid steer loaders, telehandlers, skid steers, and wheel loaders for commercial and residential construction, road and highway construction, and mining applications. Titan Machinery Inc. also sells maintenance and replacement parts of equipment that it sells, as well as for other types of equipment. In addition, the company provides repair and maintenance services consisting of warranty repairs, onsite repair services, and scheduling off-season maintenance services, as well as notifies customers of periodic service requirements; provides training programs to customers; and sells extended warranty services. Further, it rents equipment; and provides ancillary equipment support activities. As of April 10, 2014, the company operated a network of 96 North American dealerships in North Dakota, South Dakota, Iowa, Minnesota, Montana, Nebraska, Wyoming, Wisconsin, Colorado, Arizona, and New Mexico, including 3 outlet stores; and 16 European dealerships in Romania, Bulgaria, Serbia, and Ukraine. Titan Machinery Inc. was founded in 1980 and headquartered in West Fargo, North Dakota.

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Corporate Governance 
Titan Machinery, Inc.’s ISS Governance QuickScore as of Aug 1, 2014 is 7. The pillar scores are Audit: 1; Board: 7; Shareholder Rights: 8; Compensation: 6.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. David Joseph Meyer , 61
Founder, Chairman and Chief Exec. Officer
Mr. Peter J. Christianson , 57
Pres and Director
Mr. Mark P. Kalvoda , 42
Chief Financial Officer and Chief Accounting Officer
Amounts are as of Dec 31, 2014 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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