Significant Inventory Reduction
Titan Machinery achieved a $304 million sequential decrease in inventory in the fourth quarter, bringing the total reduction to $419 million since inventories peaked in fiscal Q2.
Service Business Growth
The domestic ag segment saw continued growth in the service business, resulting in an 8.2% increase in same-store sales for the full year.
Construction Segment Outlook
The construction segment finished the year relatively flat compared to fiscal 2024, with optimism for multi-year growth due to housing shortages and federal infrastructure support.
European Segment Stability
Despite challenging conditions, the European segment saw a 6.1% sales increase in the fourth quarter, with expectations for modest growth in fiscal 2026.