Titan Machinery’s Revenue Rises, But Profits Fall 44%

While its second quarter 2011 revenues rose 8.5% to $209.7 million compared with the second quarter of fiscal 2010, Titan Machinery’s profits slipped 44% to $2.7 million during the period from $4.9 million for the same 3 months of last year.

Titan operates a network of 71 dealerships in 7 states and primarily represents the Case and New Holland brands of farm and construction equipment.

The company’s gross margins fell to 17.2% from 18.6% on…

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