Today, Titan Machinery is North America’s largest farm equipment dealership group. In 2006, the group was selected as Farm Equipment’s Dealership of the Year. At that point, Titan owned and operated 29 dealer locations. At one point the company operated more than 100 retail locations. After some significant restructuring the past few years, today the company operates a network of 89 stores in the U.S. and 20 stores in Europe.
During the time of its rapid expansion, starting on Jan. 1, 2003, Titan completed 52 acquisitions that included 110 stores operating in 11 states and three in European countries. Since becoming a publicly held company on Dec. 11, 2007, Titan Machinery has made 37 acquisitions consisting of 79 stores.
Financial Foundation: Mark Kalovda, CFO
For a full recording of the presentations, including the Q&A session with analysts that followed, click here.
Following the Investor Day program, Titan Machinery rang the closing bell at NASDAQ. (See Titan Machinery Inc. Rings the NASDAQ Closing Bell)