Downsizing Inventory and Staff, Titan Machinery Sets Stage for Solid FY2015

Titan Machinery reported it made solid progress in reducing its equipment inventory, and, overall, the company’s fourth quarter 2014 earnings surpassed analysts’ expectations despite a year-over-year decline in revenues for the period. At the same time, the company’s guidance for fiscal year 2015 reflects the expected softening in industry sales. The ag machinery retailer is calling for $1.95 billion-$2.15 billion in revenues in the year ahead vs. $2.2 billion for the year ended January 31…

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