Titan Machinery today released its fiscal year 2023 earnings, reporting $2.2 billion in revenue for the year, a 29% year-over-year increase.

This was AGI's third consecutive year of record sales and adjusted EBITDA results with growth largely attributable to organic growth efforts and initiatives.

In it's 10-K formed filed on Feb. 27, Titan International acknowledged its limited customer base as one of the company's risk factors, including that sales to John Deere made up 15% of its 2022 sales.

Lemken increased its sales by 25% to an estimated €559 million ($592 million) in 2022.