Titan Machinery Continues Focus on Reducing Inventory; Drops Profit Outlook for FY 2015

The prevailing headwinds that emerged in the second quarter of the year and began slowing industry equipment sales showed no signs of letting up in the third quarter, and continued to erode Titan Machinery’s bottom line. Revenues for North America’s largest dealer of farm equipment fell in its fiscal third quarter by 16% and were down 7% through the first 9 months of the year.

On Dec. 10, Titan reported its third-quarter earnings for the…

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