Analysts See ‘Bright Spots’ in Titan Machinery’s 1QFY17 Results

While Titan Machinery continues to battle agricultural headwinds of lower commodity prices and excessive equipment inventories, analysts covering Case IH’s largest farm equipment dealer group agree that the company is making progress in its efforts to get back to profitability.

During the first quarter of its fiscal year, Titan saw a 19.3% drop in total revenue, which was an improvement over the preceding quarter’s decline of 32%. The company’s gross margin also improved to 18.8%…

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