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Rocky Mountain’s Margins Slip as Dealer Works Down Inventories

September 27, 2018 | Posted in Equipment & Equipment Sales

Rocky Mountain Dealerships did much of what it set out to do when it last reported its quarterly earnings in August.

Canadian Dealers Report Improving Sales; Margin Pressures Continue

May 1, 2017 | Posted in Data & Trends

Rocky Mountain Dealerships (RME) and Cervus Equipment (CERV), two of Canada’s largest farm equipment dealership groups, issued first quarter earnings reports in the past week showing improved sales levels.

Titan Machinery Improves Equipment Inventory in Q3 Despite Low Commodity Prices

December 1, 2016 | Posted in Earnings Reports

While acknowledging that low commodity prices continue to dampen demand for new farm machinery, David Meyer, Titan Machinery’s chairman and CEO, noted that high crop yields had improved sentiment among the dealership group’s farm customer base in the third quarter.

Dealers Make Strides in Inventory Reduction Efforts, But Underlying Headwinds Persist

November 1, 2016 | Posted in Data & Trends, Equipment & Equipment Sales

While supply and demand imbalances continue to plague many ag machinery dealers, the three publicly held North American farm equipment dealership groups are reporting progress in reducing their equipment backlogs.

Titan Machinery Makes Strides in Inventory Reduction; Announces Note Repurchase

September 1, 2016 | Posted in Equipment & Equipment Sales

Titan Machinery, Case IH’s larger dealership group, reported on Aug. 25 that revenues for the second quarter of fiscal 2017 were down 19.3% to $285 million vs. $353 million a year ago.

Titan Machinery Aims to Reduce Inventory by $100M in FY2017

April 1, 2016 | Posted in Earnings Reports

Titan Machinery’s efforts to reduce its huge inventory of new and used machinery during the past 2 years are beginning to show real signs of progress.

Titan Machinery Gets Boost from Analyst’s Upgrade

March 1, 2016 | Posted in Earnings Reports

In a surprise move, on March 4, analysts at RW Baird upgraded Titan Machinery shares to “outperform” from “neutral” and raised its share price target to $16 from $12.

AGCO Makes Strides in Inventory Reduction, Still More Needed

February 1, 2016 | Posted in Data & Trends, Equipment & Equipment Sales

AGCO reported fourth quarter and full year 2015 results on Feb. 2.

Titan Machinery Pushes to Reduce Inventories Following Tough 3QF14

December 1, 2013 | Posted in Earnings Reports, Equipment & Equipment Sales

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.

‘Softer Sales’ Results from Rocky Mountain’s Push to Reduce Inventories

August 1, 2013 | Posted in Equipment & Equipment Sales

Rocky Mountain Dealerships’ posted revenue gains of 5.5% in the second quarter as the dealership group made a concerted effort to reduce its equipment inventories.

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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.

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