Titan Machinery, one of North America’s largest equipment dealership groups, posted its first strong earnings report since sales of farm machinery turned down in 2014. Fourth quarter revenue topped $339 million, up 7% year-over-year. According to Mig Dobre, analyst for RW Baird, Titan’s revenue levels for the period were above both the $315.1 million consensus and Baird’s $318.7 million estimate.
Overall, the dealership group’s ag sales increased 2.1% year-over-year, construction equipment sales rose by 5%…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
