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Company Profile
Titan Machinery Inc sells and services agricultural and construction equipment in the United States and Europe. The company sells and repairs agricultural equipment, including machinery and attachments for large-scale farming and home and gardening purposes, as well as construction equipment. It operates through the following segments: Agriculture, Construction and International. The Agriculture segment which generate majority revenue distributes and sells machinery, equipment transportation, global positioning system signal subscriptions and finance products for farming operations. The Construction segment markets and trades heavy equipment for building purposes. The International segment rents out machinery and equipment for farming, construction and landscaping.
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Titan Machinery: Fiscal Q1 Earnings Snapshot
May 27, 2021
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WEST FARGO, N.D. (AP) Titan Machinery Inc. (TITN) on Thursday reported fiscal first-quarter earnings of $10.5 million.
On a per-share basis, the West Fargo, North Dakota-based company said it had net income of 47 cents. Earnings, adjusted for non-recurring gains, came to 46 cents per share.
The agriculture and construction equipment seller posted revenue of $372.7 million in the period.
Titan Machinery shares have risen 31% since the beginning of the year. The stock has more than doubled in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TITN at https://www.zacks.com/ap/TITN