Titan Machinery reports Q3 adjusted EPS 44c, consensus 47c
Reports Q3 revenue $360.9M, consensus $373.65M. The company commented, "Our higher margin parts and service business experienced strong growth during the seasonally important Q3 and drove higher gross profits across all three of our segments. This strong parts and service activity helped generate solid performance in our Agriculture segment, which grew top and bottom line despite very difficult harvest conditions and persistent macroeconomic uncertainty. While we wait for the environment to stabilize, we remain focused on providing exceptional customer care and managing the controllable aspects of our business, which poises us well for growth and enhanced profitability once industry conditions improve."