Titan Machinery posted solid top and bottom line increases during its fiscal first quarter as each of its business segments saw healthy growth in sales of equipment, parts and service. Its first quarter results were better than many analysts were forecasting.
Consolidated corporate sales for continuing operations for the three month period ended Feb. 28, 2019 were $4,124,000 compared to $5,366,000 during the same period in fiscal 2018, a decrease of $1,242,000, or 23.1%.
The company says it is optimistic about 2017 and beyond, while remaining concerned about "headwinds" constraining sales growth and increases in the cost of inputs, such as steel.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.
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