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2011 News Releases

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12/28/11Titan Machinery Closes on Acquisition: AgroExpert
Company Completes Acquisition of First International Dealerships WEST FARGO, N.D.--(BUSINESS WIRE)--Dec. 28, 2011-- Titan Machinery Inc. (NASDAQ:TITN) announced today that it has closed on the previously announced acquisition of the business of AgroExpert, which consists of two Case IH agriculture equipment dealerships, located in Bucharest and Timisoara, Romania. Romania is one of Europe’s leading agricultural producers, and the ... 
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12/09/11Titan Machinery Inc. Announces Fiscal Third Quarter Ended October 31, 2011 Results
-Company Raises Revenue, Net Income and Diluted EPS Guidance Range for Fiscal 2012- -Third Quarter Revenue Increased 36% to $423 Million and Earnings Per Diluted Share Grew to $0.61- -Company Generated Construction Segment Pre-Tax Income of $3.3 Million - -Company Announced International Expansion and Completed Two Acquisitions- WEST FARGO, N.D., Dec 09, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agr... 
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12/02/11Titan Machinery Closes on Acquisition: Jewell Implement Company, Inc.
WEST FARGO, N.D.--(BUSINESS WIRE)--Dec. 2, 2011-- Titan Machinery Inc. (NASDAQ:TITN) announced today that it has closed on the previously announced acquisition of Jewell Implement Company, Inc., consisting of one Case IH agriculture equipment dealership located in Jewell, Iowa. Jewell Implement is located among the fertile farmland of Central Iowa and complements Titan Machinery's existing dealerships in Iowa, including its nearby Iowa... 
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11/29/11Titan Machinery Inc. to Report Fiscal Third Quarter Ended October 31, 2011 Results on December 9, 2011
WEST FARGO, N.D.--(BUSINESS WIRE)--Nov. 29, 2011-- Titan Machinery Inc. (Nasdaq:TITN) announced today it will release financial results for the third quarter ended October 31, 2011, on Friday, December 9, 2011, followed by an investor conference call at 7:30 a.m. Central time (8:30 a.m. Eastern time). Investors interested in participating in the live call can dial (877) 545-1403 from the U.S. International callers can dial (719) 325-4789. A ... 
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11/17/11Titan Machinery Announces International Expansion
Company Signed Definitive Purchase Agreement to Acquire Case IH Dealerships in Romania WEST FARGO, N.D.--(BUSINESS WIRE)--Nov. 17, 2011-- Titan Machinery Inc. (NASDAQ:TITN) announced today that it has entered into a definitive agreement to acquire the business of AgroExpert, which consists of two Case IH agriculture equipment dealerships, located in Bucharest and Timisoara, Romania. The acquisition is expected to close on or around the... 
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11/02/11Titan Machinery to Present at the Baird 2011 Industrial Conference
WEST FARGO, N.D., Nov 02, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ:TITN) announced today that David Meyer, the Company's Chairman and Chief Executive Officer, and Mark Kalvoda, the Company's Chief Financial Officer, will be presenting at the Baird 2011 Industrial Conference, to be held November 8-9, 2011, at the Four Seasons Hotel in Chicago. The Titan Machinery investor presentation is scheduled for Wednesday, November 9, 2011, at 11:15 a.... 
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11/02/11Titan Machinery Closes on Acquisition: Van Der Werff Implement, Inc.
WEST FARGO, N.D., Nov 02, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ:TITN) announced today that it has closed on its previously announced acquisition of Van Der Werff Implement, Inc, consisting of one Case IH and New Holland agriculture equipment dealership located in Platte, South Dakota. Van Der Werff Implement is located in a diverse crop and livestock agriculture region of South Dakota and is well situated to serve the farmers and rancher... 
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10/18/11Titan Machinery Announces Agreement to Acquire Van Der Werff Implement, Inc.
WEST FARGO, N.D., Oct 18, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ:TITN) announced today that it has entered into a definitive agreement to acquire Van Der Werff Implement, Inc., a Case IH and New Holland agriculture equipment dealership located in Platte, South Dakota. The acquisition is expected to close on or around November 1, 2011. Van Der Werff Implement is located in a diverse crop and livestock agriculture region of South Dakota and... 
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09/21/11Titan Machinery Announces Agreement to Acquire Jewell Implement Company, Inc.
WEST FARGO, N.D., Sep 21, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ:TITN) announced today that it has entered into a definitive agreement to acquire Jewell Implement Company, Inc., a Case IH agriculture equipment dealership located in Jewell, Iowa. The acquisition is expected to close on or around November 1, 2011. Situated among the fertile farmland of Central Iowa, Jewell Implement is in a prime location to complement Titan Machinery's existing de... 
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09/08/11Titan Machinery Inc. Announces Fiscal Second Quarter Ended July 31, 2011 Results
-Company Raises Revenue, Net Income and Diluted EPS Guidance Range for Fiscal 2012- -Second Quarter Revenue Increased 48% to $311 Million and Earnings Per Diluted Share Grew to $0.30- -Company's Construction Segment Continues to Improve- -Company Completed Two Acquisitions During the Quarter Consisting of Six Dealerships- WEST FARGO, N.D., Sep 08, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agricultural and c... 
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09/06/11Titan Machinery Closes on Two Acquisitions: Virgl Implement Inc. and Victors Inc.
WEST FARGO, N.D., Sep 06, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ:TITN) announced today that it has closed on the Virgl Implement Inc. and Victors Inc. acquisitions. Virgl Implement Inc. consists of one Case IH agriculture equipment dealership in Wahoo, Nebraska, and Victors Inc. consists of one Case IH agriculture equipment dealership in Fremont, Nebraska. Located in eastern Nebraska, Virgl Implement Inc. and Victors Inc. are situated amo... 
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08/29/11Titan Machinery Inc. to Report Fiscal Second Quarter Ended July 31, 2011 Results on September 8, 2011
WEST FARGO, N.D., Aug 29, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (Nasdaq:TITN) announced today it will release financial results for the second quarter ended July 31, 2011, on Thursday, September 8, 2011, followed by an investor conference call at 7:30 a.m. Central time (8:30 a.m. Eastern time). Investors interested in participating in the live call can dial (888) 802-2269 from the U.S. International callers can dial (913) 312-6675. A telephone r... 
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08/10/11Titan Machinery Announces Agreements to Acquire Virgl Implement Inc. and Victors Inc.
Expands Company's Presence in Nebraska WEST FARGO, N.D., Aug 10, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ:TITN) announced today that it has entered into definitive agreements to acquire two agriculture equipment dealerships in Nebraska. Virgl Implement Inc. consists of one Case IH agriculture equipment dealership in Wahoo, Nebraska, and Victors Inc. consists of one Case IH agriculture equipment dealership located in Fremont, Nebraska. Both ac... 
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08/01/11Titan Machinery Announces New Store Opening in Dickinson, North Dakota
WEST FARGO, N.D., Aug 01, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ:TITN) announced today that it has opened a new Case Construction Equipment dealership in Dickinson, North Dakota. The new dealership opened on August 1, 2011. Located in western North Dakota, the Company's Dickinson dealership is well-positioned to benefit from the numerous factors that are supporting the favorable construction equipment market in this region including energ... 
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06/09/11Titan Machinery Inc. Announces Fiscal First Quarter Ended April 30, 2011 Results
-Company Increases Revenue, Net Income and Diluted EPS Guidance Range for Fiscal 2012- -First Quarter Revenue Increased 55% to $318 Million and Earnings Per Diluted Share Grew to $0.40- -Company Continues to Execute on Acquisition Growth Strategy with Five Acquisitions- WEST FARGO, N.D., Jun 09, 2011 (BUSINESS WIRE) -- Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the first quarter... 
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06/01/11Titan Machinery Closes on Acquisition of St. Joseph Equipment Inc.'s Construction Equipment Business
WEST FARGO, N.D., Jun 01, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ: TITN) announced today that it has closed on the acquisition of St. Joseph Equipment Inc.'s construction equipment business. The acquisition consists of four construction equipment locations in Shakopee, Hermantown and Elk River, Minnesota, and La Crosse, Wisconsin. This acquisition expands Titan Machinery's construction equipment footprint throughout Minnesota, solidifies i... 
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06/01/11Titan Machinery Inc. to Report Fiscal First Quarter Ended April 30, 2011 Results on June 9, 2011
WEST FARGO, N.D.--(BUSINESS WIRE)--Titan Machinery Inc. (Nasdaq:TITN) announced today it will release financial results for the first quarter ended April 30, 2011, on Thursday, June 9, 2011, followed by an investor conference call at 7:30 a.m. Central time (8:30 a.m. Eastern time). Investors interested in participating in the live call can dial (800) 967-7134 from the U.S. International callers can dial (719) 457-2621. A telephone replay will be available approximately two hours after the call... 
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05/18/11Titan Machinery to Present at the Stephens Spring Investment Conference
WEST FARGO, N.D., May 18, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ:TITN) announced today that David Meyer, the Company's Chairman and Chief Executive Officer, and Mark Kalvoda, the Company's Chief Financial Officer, will be presenting at the Stephens Spring Investment Conference, to be held May 24-25, 2011, at The New York Palace Hotel in New York City. The Titan Machinery investor presentation is scheduled for Tuesday, May 24, 2011, at 1:0... 
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05/16/11Titan Machinery Closes on Acquisition: Carlson Tractor and Equipment
WEST FARGO, N.D., May 16, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ:TITN) announced today that it has closed on the acquisition of Carlson Tractor and Equipment. The acquisition consists of two construction locations in the Minneapolis suburbs of Rosemount and Rogers, Minnesota. Carlson Tractor and Equipment provides heavy, medium, and light construction equipment, heavy duty land clearing equipment, wood and waste processing equipment, and ... 
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05/11/11Titan Machinery Inc. Announces Closing of Follow-on Offering of Common Stock
WEST FARGO, N.D., May 11, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ: TITN), a leading network of full service agriculture and construction equipment stores, announced today the closing of its follow-on offering of common stock at a price of $28.75 per share. The underwriters exercised, in full, their option to purchase up to an additional 360,000 shares to cover over-allotments, resulting in a total sale of 2,760,000 shares of common stock. The C... 
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05/06/11Titan Machinery Inc. Prices Upsized Follow-on Offering of Common Stock
WEST FARGO, N.D., May 06, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ: TITN), a leading network of full service agriculture and construction equipment stores, announced today that its previously-announced offering of common stock has been priced at $28.75 per share. The Company is offering 2,400,000 shares of common stock in the offering. The offering was increased from the previously-announced amount of 2,000,000 shares. In addition, the Company h... 
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05/02/11Titan Machinery Announces Agreement to Acquire St. Joseph Equipment Inc.'s Construction Equipment Business
Acquisition Expands Construction Equipment Footprint in Minnesota and Represents Titan Machinery's First Construction Equipment Dealership in Wisconsin St. Joseph's Construction Equipment Business Generated Approximately $45 Million of Revenue in Most Recent Fiscal Year WEST FARGO, N.D., May 02, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ: TITN) announced today that it has entered into a definitive purchase agreement to acquire St. Joseph Equipment ... 
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04/29/11Titan Machinery Announces Public Offering of Common Stock
WEST FARGO, N.D., Apr 29, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ: TITN) today announced that it intends to engage in an underwritten public offering of 2,000,000 shares of its common stock, subject to an over-allotment option of up to 300,000 additional shares, pursuant to an effective shelf registration statement. Craig-Hallum Capital Group LLC and Robert W. Baird & Co. have agreed to act as joint book-running managers of the offering, with ... 
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04/19/11CORRECTING and REPLACING Titan Machinery Announces Agreement to Acquire Carlson Tractor and Equipment
Acquisition Expands Construction Footprint in Minnesota FARGO, N.D., Apr 19, 2011 (BUSINESS WIRE) --In the first and second paragraphs of release dated April 15, 2011, all references to Rosemont, Minnesota have been changed to Rosemount, Minnesota. In the Forward Looking Statements, all references to "ABC Rental" have been changed to "Carlson Tractor and Equipment." The corrected release reads: TITAN MACHINERY ANNOUNCES AGREEMENT TO ACQUIRE CARLSON TRACTOR A... 
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04/18/11Titan Machinery Inc. Announces Fiscal Fourth Quarter and Full Year Ended January 31, 2011 Results
-Company Exceeds Revenue and Earnings Per Share Guidance Range for Fiscal 2011- -Fourth Quarter Revenue Increased 46% to $368 Million and Earnings Per Share Grew to $0.57- -Company Continues to Execute on Acquisition Growth Strategy- -Company Issues Fiscal 2012 Guidance- WEST FARGO, N.D., Apr 18, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (Nasdaq:TITN), a leading network of full-service agricultural and construction equipment stores, today reported financial ... 
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04/11/11Titan Machinery Announces Expansion of Senior Management Team
- Mark Kalvoda Promoted to Chief Financial Officer - - Peter Christianson to Continue as President/COO - WEST FARGO, N.D., Apr 11, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ:TITN) announced today that Mark Kalvoda, who had been serving as the Company's Chief Accounting Officer, has been promoted to Chief Financial Officer, effective immediately. Peter Christianson will continue in his role as President/COO and Director. David Meyer, Titan Machinery's Cha... 
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04/08/11Titan Machinery Inc. to Report Fiscal Fourth Quarter and Full Year Ended January 31, 2011 Results on April 18, 2011
WEST FARGO, N.D., Apr 08, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (Nasdaq:TITN) announced today it will release financial results for the fourth quarter and full year ended January 31, 2011, on Monday, April 18, 2011, followed by an investor conference call at 7:30 a.m. Central time (8:30 a.m. Eastern time). Investors interested in participating in the live call can dial (888) 481-2848 from the U.S. International callers can dial (719) 325-2169. A ... 
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04/04/11Titan Machinery Closes Two Acquisitions: Schoffman's Inc. and ABC Rental
FARGO, N.D., Apr 04, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ:TITN) announced today that it has closed on two previously announced acquisitions: Schoffman's Inc. and ABC Rental. The Schoffman's acquisition consists of one Case IH, agriculture dealership located in Redwood Falls, Minnesota. The ABC Rental acquisition consists of four rental equipment locations in Missoula, Bozeman, and Big Sky, Montana, and Williston, North Dakota. The lo... 
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03/21/11Titan Machinery Announces Agreement to Acquire ABC Rental
Acquisition Creates a Strong Platform to Expand the Construction Rental Business FARGO, N.D., Mar 21, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ:TITN) announced today that it has entered into a definitive purchase agreement to acquire ABC Rental, an independent rental yard company. The acquisition consists of four rental equipment locations in Missoula, Bozeman, and Big Sky, Montana, and Williston, North Dakota. The locations in Missoula, Willi... 
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03/14/11Titan Machinery Announces Agreement to Acquire Schoffman's Inc.
Acquisition Expands Agriculture Reach in the Fertile Minnesota River Valley FARGO, N.D., Mar 14, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ:TITN) announced today that it has entered into a definitive purchase agreement to acquire Schoffman's Inc., a fourth generation Case IH, agriculture dealership located in Redwood Falls, MN. The acquisition is subject to customary conditions to closing and is expected to close on or around March 31, 2011. ... 
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02/28/11Titan Machinery Closes on Acquisition: Tri-State Implement, Inc.
WEST FARGO, N.D., Feb 28, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ:TITN) announced today that it has closed on the acquisition of Tri-State Implement, Inc., a New Holland brand agriculture equipment dealership located in Sioux Falls, South Dakota. The acquisition closed on February 28, 2011. Located in southeast South Dakota, Tri-State Implement has been serving the farming community in Sioux Falls for over forty years. The dealership is st... 
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02/02/11Titan Machinery Announces New Store Opening in Williston, North Dakota and Expansion and Relocation of Additional Store
- New Store in Williston to Capitalize on Growing Construction Opportunity in North Dakota's Oil Industry - - Cedar Rapids, Iowa Store Relocated and Expanded to Carry Agriculture and Construction equipment - WEST FARGO, N.D., Feb 02, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ:TITN) announced today that it has opened a new Case Construction Equipment dealership in Williston, North Dakota. The Company also announced the relocation of its Case Constructi... 
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01/04/11Titan Machinery to Present at the 13th Annual ICR XChange Conference
FARGO, N.D., Jan 04, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ:TITN) announced today that David Meyer, the Company's Chairman and Chief Executive Officer, and Peter Christianson, the Company's President and Chief Financial Officer, will be presenting at the 13th Annual ICR XChange Conference, to be held January 12-13, 2011, at The St. Regis Monarch Beach Resort in Dana Point, California. The Titan Machinery investor presentation is scheduled... 
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01/03/11Titan Machinery Closes Acquisition of Fairbanks International, Inc.
FARGO, N.D., Jan 03, 2011 (BUSINESS WIRE) --Titan Machinery Inc. (NASDAQ:TITN) announced today that it has closed on the previously announced acquisition of certain assets of Fairbanks International Inc. and its affiliates. The acquisition includes six dealerships that offer one or more of the Case IH, New Holland Agriculture and New Holland Construction brands. These dealerships are located in Grand Island, Kearney, Lexington, Holdrege, Hastings, and ... 
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