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Titan Machinery Posts Solid Sales Gains; Emphasizes Operational Improvements

Titan Machinery reported its second quarter equipment sales were up nearly 15% vs. the same period last year with revenue from ag equipment up over 10%. Overall revenue increased by 11.5%. Gross profit was up by 11.6% and gross profit margin remained steady at 19.6%.

Along with its improving financial condition, the dealership group emphasized the improvements it’s making in its operations, most notably in absorption rate and inventory turns. These metrics are key benchmarks…

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