Titan Machinery, Case IH’s largest U.S. dealer, reported its third quarter revenues for fiscal year 2019 increased by 10.1% year-over-year to $364 million. Equipment revenues were up by nearly 12%, parts up 8.3%, service revenue increased by 6.7%.
Revenues from the sale of ag machinery were up 13% during the quarter to $211 million. For the first 9 months of the fiscal year, Titan reported farm equipment revenues increased by nearly 4% to $506 million.
"The increase in our agriculture segment revenue is encouraging given the continued industry challenges. Our improved inventory position is helping drive increases in equipment margins, which, combined with a lower annual operating expense level, is generating improvements in profitability."