Industry News

Titan Machinery Expands Into Serbia

Titan Machinery Inc. (NASDAQ:TITN) announced today that it has entered into a definitive agreement with VAIT D.o.o. to acquire a CaseIH dealership in the Vojvodina region of Serbia. The acquisition is expected to close on or around December 14, 2012.
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Data Conversion by HBS Systems

For more info: http://www.HBSSystems.com - Data conversion is the most important (and often under-valued) step in the process of changing dealership management systems. Your dealership is built upon that data and with HBS Systems, your dealership retains more of it. See why HBS Systems data conversion process is the most comprehensive, customized solution in the industry.
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Alamo Registers Slight Net Sales Rise for 3Q

Alamo Group Inc. (NYSE: ALG) today reported results for the third quarter ended September 30, 2012. Net sales for the third quarter were $156.1 million compared to net sales of $155.1 million for the same quarter of 2011, an increase of 1%. Net income for the quarter was $8.6 million, or $0.71 per diluted share, versus $10.1 million, or $0.84 per diluted share, for the third quarter of 2011, a decrease of 15%. The decline in net income was attributed to some softness across all three of the Company's business segments.
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Manitou Posts 10% Revenue Gain in 3Q

Jean-Christophe, President & CEO declared: A revenue comes in quite strong, and secures our FY landing of 1,250m for a 10%+ growth over 2011. However, our focus is already on 2013, despite a very blurred environment. Order intake remains very volatile from one week to the next, and from one country to the next; Europe clearly slows down but US are quite strong with rental coming back; last, RTH also gets the adverse effect on orders of its lead times reduction effort in Q2. As of today, we anticipate a flat 2013 over 2012, but articulated into 2 contrasted half years.
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