Fargo-based Titan Machinery is reporting fiscal year 2020 third quarter gross income of $360.9 million, unchanged from one year ago. The gross profit for the third quarter is reported $71.8 million, an increase from $69.5 million one year earlier. Titan President and CEO David Meyer says this is the third consecutive quarter showing solid growth. “The growth was led by the domestic agriculture segment, which also performed well with equipment sales in the challenging environment,” says Meyer. “We also acquired the Uglem-Ness Case IH Dealership in Northwood, North Dakota. This dealership has a legacy of strong sales of high horsepower equipment, backed by superior parts and service support for customers.” Titan Machinery’s fiscal 2020 third quarter net income is reported at $8.2 million.
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