Titan Machinery Inc. (Nasdaq:TITN), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal second quarter and first six months ended July 31, 2012. For the second quarter of fiscal 2013, revenue increased 31.9% to $410.1 million from revenue of $310.8 million in the second quarter last year.
Titan Machinery announced its intention to offer, subject to market and other conditions, $115 million aggregate principal amount of its convertible senior notes due 2019 in a private placement to qualified institutional buyers.
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
Titan now expects to achieve revenue for the full year ending January 31, 2012 in a range of $1.310 billion to $1.385 billion compared to the previous range of $1.275 billion to $1.350 billion.
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.
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
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.
Montag is the industry’s innovative leader for precise, accurate metering of fertilizer, seed and other nutrients. The Montag system has become the standard for deep banding of fertilizer. Montag is also pioneering the technology for cover crop seed application. The new Cover Crop+ is able to meter the smallest seed, and can be mounted to tillage implements, combines, plus Hagie sprayers and detasselers.
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.