Significant Inventory Reduction
Titan Machinery Inc. reduced total inventory by $98 million in the first nine months of fiscal 2026, with a revised target of $150 million for the full year, surpassing the initial $100 million target.
Improved Equipment Margins
Equipment margins increased to 8.1% in Q3, significantly better than the 3.1% in the first half of the fiscal year, driven by improved inventory position and favorable sales mix.
Strong Performance in Europe
The Europe segment saw an 88% increase in same-store sales, driven by Romania's capitalization on EU subvention funds, contributing to a segment pretax income of $3.5 million from a $1.2 million loss in the prior year.