Titan Machinery, one of North America’s largest equipment dealership groups, posted its first strong earnings report since sales of farm machinery turned down in 2014. Fourth quarter revenue topped $339 million, up 7% year-over-year. According to Mig Dobre, analyst for RW Baird, Titan’s revenue levels for the period were above both the $315.1 million consensus and Baird’s $318.7 million estimate.
Overall, the dealership group’s ag sales increased 2.1% year-over-year, construction equipment sales rose by 5%…
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