Titan Machinery Reports Record 3Q Earnings, Watching Inventory Levels

Titan Machinery reported record third quarter earnings for fiscal year 2024 on Nov. 30. The Case IH dealership group achieved revenues of $694 million for the period ending Oct. 31, 2023, up 3.8% vs. the same period last year. 

Breaking down the quarterly results, equipment revenue came in at $521.8 million, up 2.5% year-over-year. Parts revenue saw a 5.7% increase to $115 million, while service revenue was up 14.9% to $44.8 million. Rental and other…

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