Following a particularly difficult quarter where revenues rose only 1%, Titan Machinery, the Fargo, N.D.-based retailer of farm and construction equipment lowered its outlook for annual revenue, net income and earnings per share.
Texas-based Alamo Group is keen to get on the acquisitions trail once more to help sustain growth and manufacturing cost-effectiveness, especially at its European division.
Despite posting hefty revenue gains through the second quarter and first half of its 2014 fiscal year, Titan Machinery cut its full-year outlook to $2.25-$2.45 billion from its earlier forecast of $2.35-$2.55 billion.
According to a July 8 report from Reuters, TPG Capital is one of the final bidders for MacDon Industries, the farm equipment manufacturer based in Winnipeg, Manitoba.
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.