Titan Machinery Sales Down 3.7% in 3Q

Year-to-date sales decreased 13.3 percent year-over-year.

Titan Machinery Inc. (NASDAQ: TITN), Fargo, ND, reported sales for the fiscal third quarter ended October 31 of $332.3 million, a 3.7 percent decrease from the same quarter a year ago. Profit decreased 92.4 percent to 264,000.

Year-to-date sales were $895.5 million, down 13.3 percent from the prior year. The company reported a loss for the first nine months of $5.9 million, compared to a loss of $2.8 million the prior year.

Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in North America. The current Titan Machinery network consists of 90 North American dealerships in North Dakota, South Dakota, Iowa, Minnesota, Montana, Nebraska, Wyoming, Wisconsin, Colorado, Arizona and New Mexico, including one outlet store, and 20 European dealerships in Romania, Bulgaria, Serbia and Ukraine.

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