Titan Machinery (Nasdaq:TITN), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal second quarter and first six months ended July 31, 2012. For the second quarter of fiscal 2013, revenue increased 31.9% to $410.1 million from revenue of $310.8 million in the second quarter last year.
While overall figures showed a significant falloff in demand for Deutz diesel engines last year, the German manufacturer was encouraged by the healthy increase in sales to the agricultural machinery sector.
For the first quarter of fiscal 2009, Rocky Mountain Dealerships Inc. saw its net sales increase by 53.7% to $107.2 million, compared to $69.7 million for the first quarter of fiscal 2008.
On April 28, AGCO Corp. reported net sales of $1,579 million for the first quarter of 2009, compared to $1,786.6 million for the first quarter of 2008.
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The announcement of a partnership between New Holland and Bluewhite was one of the big precision stories of the summer. West Coast New Holland dealers now have the rights to sell, distribute and service Bluewhite’s aftermarket autonomy kits.