Titan Machinery Q4 Revenue Increases 65% Year Over Year

Titan Machinery announced that for the fourth quarter of fiscal 2012, revenue increased 64.9% to $607.0 million from revenue of $368.1 million in the fourth quarter last year. All three of the Company’s main revenue sources - equipment, parts and service - contributed to this period-over-period revenue growth.

Equipment sales were $517.1 million for the fourth quarter of fiscal 2012, compared to $310.9 million in the fourth quarter last year. Parts sales were $45.7 million for the fourth quarter of fiscal 2012, compared to $29.9 million in the fourth quarter last year. Revenue generated from service was $27.3 million for the fourth quarter of fiscal 2012, compared to $19.6 million in the fourth quarter last year.

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