Titan Machinery Sees Revenues Increase 55% in First Quarter

For the first quarter of fiscal 2012, revenue increased 54.9% to $318.2 million from revenue of $205.5 million in the first 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 $249.2 million for the first quarter of fiscal 2012, compared to $150.4 million in the first quarter last year. Parts sales were $41.9 million for the first quarter of fiscal 2012, compared to $35.1 million in the first quarter last year. Revenue generated from service was $21.0 million for the first quarter of fiscal 2012, compared to $16.6 million in the first quarter last year.

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