Titan Machinery Parlays Crop Yields, Tier 3 Sales into Strong 3Q Earnings

Continuing strong ag fundamentals showed up on Titan Machinery’s bottom line in the third quarter of the company’s fiscal 2011 as revenues rose 37.1% to $311.3 million vs. $227 million in the third quarter last year.

Net income for the period was $7.7 million vs. $5.7 million in the third quarter of fiscal 2010.

All three of the company’s main revenue sources — equipment, parts and service — contributed to this period-over-period revenue growth. Equipment…

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