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.
We asked dealers: "When customers want to trade used equipment when making a new equipment purchase, will you take their used on a consignment basis? Why or why not?"
For the second quarter of fiscal 2015, Titan Machinery Inc. reports revenue was $451 million, compared to $488.2 million in the second quarter last year. Equipment sales were $320.1 million for the second quarter of fiscal 2015, compared to $358.4 million in the second quarter last year.
Titan Machinery followed through on its April 10 announcement that it would close and/or consolidate 8 of its stores and reduce its overall headcount to improve the performance of its construction equipment operations and counteract the slowdown in ag machinery sales. This allowed the company to report that it increased its overall revenues by 5.4% during the first quarter of fiscal year 2015.
In today's newscast we talk to Titan's president Peter Christianson about how the company's 2 dealerships in Ukraine are fairing among the turmoil, a look at how spring planting is progressing, quarterly reports from Art's Way and Titan Machinery and an update on the 2014 dealer outlook.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at Titan Machinery’s Q4 and FY 2025 earnings, and the improvement in inventory levels over the last 2 quarters
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