Titan Machinery Makes Strides in Inventory Reduction; Announces Note Repurchase

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. Revenue from the sales of farm machinery was down by 25.5% and construction equipment revenue declined by nearly 4%. Sales of equipment by its overseas operations also fell by 13%.

In addition to its earnings announcement in late August, on Sept. 14 the…

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