Titan Machinery’s fiscal year 2021 revenue increased eight percent to $1.4 billion. Net income was reported at $19.4 million for the fiscal year ending January 31. Titan Machinery Chief Financial Officer Mark Kalvoda credits strong machinery sales during the fourth quarter. “Agriculture segment sales increased over 40 percent, which drove a significant increase in adjusted income. Strong equipment sales, combined with lower floor plan interest expenses, drove the robust increases.”
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