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

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. In reporting its fourth-quarter and full-year earnings for fiscal year 2016 on April 13, Titan management said it is looking for another $100 million drop in inventories during fiscal year 2017. If the company reaches its goal, it will have reduced its overall inventory by about $450 million over…

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