With Solid 1QFY20 Results and Reduced Debt Titan Machinery’s Set to Renew M&A Efforts

Titan Machinery turned in a strong performance during the first quarter of its fiscal year 2020 ended April 30, 2019. In addition to higher top and bottom line results, Titan Machinery managers also highlighted the retirement of remaining senior convertible note principal balance on May 1, 2019, along with lower floorplan and other interest expense as reasons for the upbeat quarterly report. Analysts also noted Titan’s increased sales of parts and service as contributing to…

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