Titan Machinery and CNH Industrial continued their long-standing partnership and financial support of Minnesota State Community and Technical College by providing a $100,000 contribution to the CNH Industrial "Forging the Future" Diesel Equipment Technology program and the new Transportation Center on M State's Moorhead campus.
For the first quarter of fiscal 2017, revenue was $284.9 million, compared to $353.2 million in the first quarter last year. Equipment sales were $184.9 million for the first quarter of fiscal 2017.
The South Dakota Fire Marshal's Office says it cannot determine the source of a fire that destroyed Titan Machinery in the northeastern South Dakota town of Milbank, but the cause does not appear suspicious.
For the fourth quarter of fiscal 2016, revenue was $335.5 million, compared to $490.7 million in the fourth quarter last year. Equipment sales were $243.8 million for the fourth quarter of fiscal 2016.
For the fourth quarter of fiscal 2016, Titan expects revenue to be down about 32% year-over-year. Full-year fiscal 2016 revenues are expected to be down about 28% from fiscal 2015.
Mike St. Onge of Titan Machinery Inc., in Thief River Falls, Minn., was elected chairman and John Bieringer of Dairyland Supply Inc. in Sauk Centre, Minn., was elected vice chairman of the Minnesota-South Dakota Equipment Dealers Assn.
Ongoing sharp inventory correction is masking otherwise solid longer-term industry fundamentals, according to Avondale Partners analyst Igor Maryasis in a Nov. 4, 2015 note announcing the firm’s coverage of Titan Machinery.
In this episode of On the Record, brought to you by Associated Equipment Distributors, Marc Johnson, principal with Pinion, provides 4 factors that will be important for dealers to watch in 2025 that will impact their business.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.
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