Titan Machinery Inc.

Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores across the United States, Europe, and Australia. Since its formation in 1980, the company has been an authorized dealer of CNH Industrial N.V. or its U.S. subsidiaries, which manufactures and supplies agricultural and construction equipment under brands like Case IH Agriculture, New Holland Agriculture, Case Construction, and New Holland Construction. Titan Machinery is the largest retail dealer of Case IH Agriculture equipment globally, one of the largest retail dealers of Case Construction equipment in North America, and one of the largest retail dealers of New Holland Agriculture and New Holland Construction equipment in the United States. The company also sells and services equipment from various other manufacturers and distributors. Titan Machinery operates through four reportable segments: Agriculture, Construction, Europe, and Australia. Within these segments, the company engages in four main business activities: new and used equipment sales, parts sales, equipment repair and maintenance services, and equipment rental and other business activities. Each store offers a comprehensive solution including equipment and parts sales, repair and maintenance services, and rental functions.