Titan Machinery Reports Results for Q2

Titan Machinery Inc. has reported financial results for the fiscal second quarter ended July 31. 

Agriculture segment revenue for the second quarter was $152.8 million, compared to $138.5 million in the second quarter last year. Revenue benefited from increased equipment revenue as well as an increase in parts and service activity due to the late start to the planting season.

Pre-tax income for the second quarter of fiscal 2019 was $5 million, compared to a pre-tax loss of $6.9 million in the second quarter last year. Adjusted pre-tax income for the second quarter of fiscal 2019 was $5.2 million, compared to an adjusted pre-tax loss of $1.7 million in the second quarter last year.