– Revenue for Second Quarter of Fiscal 2019 Increased 11.5% to $300 million – – EPS for the Second Quarter of Fiscal 2019 was $0.23, or Adjusted EPS of $0.28,Compared to a Loss per Share of $0.24, or Adjusted Loss per Share of $0.04, in the Prior Year Period – – Company Updates Fiscal 2019 Modeling Assumptions, including an Increase in EPS Range – WEST FARGO, N.D., Aug. 30, 2018 (GLOBE NEWSWIRE) — Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal second quarter ended July 31, 2018. David Meyer, Titan Machinery’s Chairman and Chief Executive Officer, stated, “Our second quarter results reflect the financial benefits of our fiscal 2018 restructuring efforts and our consistent focus on improving the quality and level of our equipment inventory, which have driven lower operating expenses and improved equipment gross profit margins. In the quarter, we also saw our lower expense base provide strong operating leverage as we experienced higher sales volumes. Along with increased equipment revenues, we also saw increased revenues from our parts and service businesses in the second quarter of fiscal 2019, which benefited from the late start to… Read full this story
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