Strong U.S. unit sales of combines in August (+38.1%) weren’t enough to offset the overall revenue loss caused by the 27% drop in tractor sales, according to JP Morgan’s proprietary revenue model.
Company increases revenue, net income and diluted EPS guidance range for fiscal 2012; First quarter revenue increased 55% to $318 million and earnings per diluted share grew to $0.40; Company continues to execute on acquisition growth strategy with five acquisitions.
Titan now expects to achieve revenue for the full year ending January 31, 2012 in a range of $1.310 billion to $1.385 billion compared to the previous range of $1.275 billion to $1.350 billion.
Titan Machinery (Nasdaq:TITN), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal second quarter and first six months ended July 31, 2012. For the second quarter of fiscal 2013, revenue increased 31.9% to $410.1 million from revenue of $310.8 million in the second quarter last year.
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Precision ag pioneer Al Myers is a member of the Farm Equipment Shortline Legends Hall of Fame 2024 class. It’s been almost 35 years since the Ag Leader founder introduced the groundbreaking Yield Monitor 2000.