Titan Machinery (TITN) Q4 Revenue Misses

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Go back to Titan Machinery (TITN) Q4 Revenue Misses

Titan Machinery Inc. Announces Preliminary Results for Fiscal Fourth Quarter and Full Year Ended January 31, 2016

March 17, 2016 4:05 PM EDT

- Preliminary Full Year Fiscal 2016 Revenue of $1.37 Billion -

- Generates Approximately $44 Million Adjusted Cash Flow from Operations in Full Year Fiscal 2016 -

- Equipment Inventory Decreased $180 Million or 23% Compared to End of Fiscal 2015 -

- Company Incurred $27 Million Inventory Impairment Charge in Fourth Quarter of Fiscal 2016 -

WEST FARGO, N.D.--(BUSINESS WIRE)-- Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agricultural and construction equipment stores, today reported preliminary financial results for the fiscal fourth quarter and full... More