Titan Machinery reported third quarter net income of $13 million, up from $10.7 million one year ago. Chief Financial Officer Mark Kalvoda says farm equipment sales were down slightly during the quarter, while parts were higher resulting a better outlook for the fourth quarter. “For the agriculture segment, we are increasing revenue growth assumptions five to 10 percent. We expect fourth quarter sales activity to be supported very well on the improvement of farmer sentiment driven by a completed harvest and higher commodity prices.” For the first nine months of fiscal year 2021, net income was $18.6 million compared to $13.3 million one year ago.
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