Key Developments For Titan Machinery Inc.
Titan Machinery Inc. (TITN.O) (Nasdaq)
Titan Machinery Inc. Closes Acquisition of Valley Farm Equipment, Inc.
Titan Machinery Inc. announced that it has closed on the acquisition of Valley Farm Equipment, Inc., a Case IH brand agriculture equipment dealership located in Milbank, South Dakota.
Titan Machinery Inc. Closes Acquisition of Dealerships: Oskaloosa Implement Co.
Titan Machinery Inc. announced that it has closed on the acquisition of Oskaloosa Implement Co., with two Case IH brand agriculture equipment dealerships located in Pella and Oskaloosa, Iowa.
Titan Machinery Inc. Agrees to Acquire Two Iowa Farm Equipment Dealerships
Titan Machinery Inc. announced that it has entered into a letter of intent to acquire the assets of Oskaloosa Implement Co., with two Case IH brand agriculture equipment dealerships located in Pella and Oskaloosa, Iowa. The acquisition is expected to close on November 1, 2009. The financial terms of the acquisition were not disclosed.
Titan Machinery Inc. Reiterates FY 2010 Outlook
Titan Machinery Inc. reiterated the fiscal 2010 annual revenue and earnings per share guidance. The Company continues to expect to achieve revenue in the range of $750 million to $790 million. Net income is expected to be in the range of $16.6 million to $18.7 million. The Company expects to achieve earnings per diluted share in the range of $0.92 to $1.04. According to Reuters Estimates, analysts were expecting the Company to report net income of $17 million and EPS of $0.92 for the same period.
Titan Machinery Inc. Closes Acquisition Of Assets Of Lickness Bros. Implement Co.
Titan Machinery Inc. announced that effective August 14, 2009, it has closed on the purchase of assets of Lickness Bros. Implement Co., a Case IH brand agriculture dealership in Britton, South Dakota. Terms of the deal were not disclosed.
