Titan Machinery’s efforts to reduce its huge inventory of new and used machinery during the past 2 years are beginning to show real signs of progress. In reporting its fourth-quarter and full-year earnings for fiscal year 2016 on April 13, Titan management said it is looking for another $100 million drop in inventories during fiscal year 2017. If the company reaches its goal, it will have reduced its overall inventory by about $450 million over…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
