Titan Machinery Inc. reported financial results for the fiscal third quarter ended October 31, 2025.
The company achieved a cumulative inventory reduction of $98 million in the first nine months of fiscal 2026.
Titan Machinery increased its inventory reduction target for fiscal 2026 to $150 million.
Inventory Optimization Progress
Cumulative inventory reductions of $98 million in the first nine months of fiscal 2026.
Increased Target
Inventory reduction target for fiscal 2026 raised to $150 million from the previous $100+ million.
Divestitures Strategy
Select divestitures made in domestic and German markets to focus resources and improve returns for shareholders.
- Despite revenue decrease compared to the prior year, gross profit increased to $111.0 million in the third quarter of fiscal 2026.
- Net income was $1.2 million with earnings per diluted share of $0.05 in the third quarter of fiscal 2026.
Titan Machinery remains focused on emerging stronger from challenging market conditions and continuing inventory optimization efforts.