Second quarter fiscal year 2021 results for Titan Machinery surprised analysts as it reported revenue and margin gains that surpassed expectations. Despite a drop off in total revenues, Case IH’s and Case Construction’s largest equipment retailer in North America came through the quarter in a better position than anticipated.
In a note to investors, Rick Nelson, analyst with Stephens, said, “Revenue decreased (3.7%) to $303.5 million, well above consensus of $266.9 million, indicating far less…
This is content of added analysis for Registered users and VIP Members. Compare the three levels of access:
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
Download these helpful knowledge building tools
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.
