Titan Machinery Reports Q3 2026 Results, Raises Inventory Targets
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Titan Machinery reported Q3 2026 results, highlighting a $98 million inventory reduction and raising its full-year target to $150 million. Revenue decreased to $644.5 million, but gross profit increased to $111 million. The agriculture segment faced a 12.3% sales decline, while Europe saw revenue growth due to Romanian stimulus programs. The company focuses on inventory optimization and strategic realignments, anticipating a moderate decline in equipment margins in Q4 but aims to strengthen its position for fiscal 2027.
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