Titan Machinerys FY19 Revenues Rise
Titan Machinery reported consolidated revenues for its fiscal year ended Jan. 31 increased by 5.8 percent over fiscal year 2018.
Total equipment sales across categories were up by 7.6 percent.
Titan Machinery’s net income for fiscal 2019 was $12.2 million compared to net loss of $7 million for the prior year.
Titan Machinery is looking for flat sales revenues for ag equipment in its 2020 fiscal year. The dealership group sees construction equipment sales up 0 to 5 percent and international revenue up 10 to 15 percent.
Source: Ag Equipment Intelligence