Titan Machinery (TITN) Buys Scott Supply to Expand Footprint

From Nasdaq:

Titan Machinery Inc. TITN acquired the assets of Scott Supply, Co., including a dealership in Mitchell, SD, generating $40M in revenues. The acquisition, completed on Jan 10, 2024, expands Titan Machinery’s presence in South Dakota. In Q3 2023, TITN reported an EPS of $1.32 and record revenues of $694M.

Titan Machinery holds a Zacks Rank #5. Better-ranked stocks in the Retail – Wholesale sector are ANF, AMZN, and AEO, with strong financials and upward trends. Abercrombie & Fitch gained 265.8%, Amazon.com 62.9%, and American Eagle Outfitters 36.8%.

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