Titan Machinery is reporting third-quarter fiscal year 2025 earnings of $680 million. That’s down from $694 million in the same quarter last year. Revenue generated from parts and service is up from last year while income from equipment sales is lower. President and CEO Bryan Knutson said the ag equipment business continues to face headwinds. Knutson says the company is seeing positive results from its inventory reduction effort. “We have made some early progress, but we are only just beginning to move the needle and still expect the majority of inventory reductions to be realized as we progress through fiscal 2026,” said Knutson “Nonetheless, in the third quarter, we were able to decrease our total inventory by approximately $115 million.”
