For the second quarter of fiscal 2016, Titan Machinery saw revenue of $334.2 million, compared to $451.0 million in the second quarter of last year. Equipment sales also declined at $221.0 million compared to $320.1 million at the same time last year.
In today’s newscast we look at how El Niño is impacting the U.S. growing season, an update on Titan Machinery, the results of the latest Precision Farming Dealer benchmark survey and Kubota’s fiscal 2015 financial results.
For the first quarter of fiscal 2016, revenue was $353.2 million, compared to $465.5 million in the first quarter last year. Equipment sales were $245 million for the first quarter of fiscal 2016, compared to $345 million in the first quarter last year.
Following the release and conference call with analysts, Ag Equipment Intelligence interviewed David Meyer, Titan's chairman and CEO, and Mark Kalvoda, the company's CFO, to discuss the progress that the 108-location dealership group has made.
In today's newscast we have details on Titan Machinery's realignment, an update on Deere's high-speed planter, Cervus Equipment and Rocky Mountain Equipment's latest earnings reports and info on the Open Ag Data Alliance.
In this episode of On the Record, brought to you by Associated Equipment Distributors, Marc Johnson, principal with Pinion, provides 4 factors that will be important for dealers to watch in 2025 that will impact their business.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.
Finance Scope is able to provide the best financing opportunities for equipment dealers and customers through a diverse mix of lending companies under one single platform. Our large group of lenders, allows for competitive rates regardless of credit scores. Additionally, dealers and customers have access to the industry’s best expertise surrounding finance and lease structures, for all purposes, within the agricultural and construction industries. We provide all of this into one online platform to provide our customers with the best available tailored finance solution for their equipment.