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Titan Machinery raises inventory reduction target to $150M while divesting Germany operations
Q3 2026 Management View Bryan Knutson, President and CEO, highlighted the company's progress on inventory optimization, stating, "Nine months into the fiscal 2026, we're making meaningful progress on ...
Bryan J. Knutson, President and CEO, stated that the company is entering “the next phase of our inventory reduction initiative with a heightened focus on optimizing our used equipment portfolio to ...
FY2026 guidance includes a 20%-25% revenue decline for the domestic agriculture segment. Equipment margin is expected to improve slightly to 7.7%, up from 6.7% in FY2025. Additional inventory ...
Operating expenses were $100.5 million for the third quarter of fiscal 2026, compared to $98.8 million in the third quarter last year. Operating expense as a percentage of revenue was 15.6% for the ...
The company’s agriculture segment, which represents the largest portion of its business, saw revenue decline 12.3% on a same-store basis to $420.9 million, reflecting softer demand amid lower ...
Achieves $98 Million Cumulative Inventory Reduction in First Nine Months of Fiscal 2026 - - Increases Inventory Reduction Target for Fiscal ...
The only segment that increased significantly was rental, rising from $12.5 million in the year-ago quarter to $13.3 million ...
Nov 5 (Reuters) - India's Titan (TITN.NS), opens new tab reported a 23% fall in second-quarter profit on Tuesday, as a cut in customs duty on gold imports led to inventory losses and shrank margins.
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