Titan Machinery Reports Weak 3Q Results

Titan Machinery, Case IH’s largest dealership group, announced its third quarter results on Dec. 3.

Ag equipment sales for the third quarter, ended Oct. 31, were down 38.1%, while total sales were down 30% vs. the third quarter of 2015.

Looking ahead, Titan is forecasting ag same store sales to be down 28-33% for fiscal year 2016. Construction same-store sales are expected to be down 8-13% and international same store sales to be down 5%…

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