Titan Machinery’s 4Q18 Sees Top and Bottom Line Growth

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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