With a three-year average revenue growth of 34%, profit growth of 33% and total return of 34%, Titan Machinery (TITN) is listed #66 on Fortune's 100 Fastest Growing Companies list. The list appears in Fortune’s September 24 print edition.
With 99 North American dealerships in North Dakota, South Dakota, Iowa, Minnesota, Montana, Nebraska, Wyoming, Wisconsin, and Colorado, including two outlet stores, as well as 12 European dealerships in Romania and Bulgaria. Titan Machinery is Case IH's largest retailer of farm machinery.
On September 10, the company reported that 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.
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Dealers Improve Bottom Line, More Work Still Needed