Titan Machinery, Inc. (NASDAQ:TITN) has announced its third quarter and nine months ended December 31, 2009 financial results. The company’s revenue increased 6.1% to $227.0 million compared to the $214.0 million earned during the same period last year. It’s main resources, equipment, parts and service contributed to the period over period revenue growth. Each segment earned $173.4 million, $33.0 million, and $29.8 million respectively.
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The company held a conference call after the release of the financial results. A webcast of the call, in addition to the full financial report, is available on the investor relations portion of the company’s website, http://www.titanmachinery.com/. An audio replay is also available until Thursday, December 24 at 888.203.112, or 719.457.0820 for international listeners. The replay pass code is 7459714.
Titan Machinery Inc. owns and operates a network of agricultural and construction equipment stores in North America. It is a retail dealer of Case IH Agriculture equipment and a retail dealer of New Holland Agriculture, Case Construction and retail dealer of New Holland Construction equipment in the United States. The Company sells and rents agricultural and construction equipment, sells parts, and services the equipment operating in the areas surrounding its stores. The agricultural equipment the Company sells and services include machinery and attachments for uses ranging from large-scale farming to home and garden use. The construction equipment it sells and services includes heavy construction and light industrial machinery for commercial and residential construction, road and highway construction and mining. It engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities.
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