Tuesday, February 28, 2012

Investopedia: Titan More Than Just Going Along For The Ride

It's good to be a manufacturer of agricultural, construction, and/or mining equipment today. Not surprisingly, it's also good to be a manufacturer of the parts and components that these OEMs need to build their machines. With major share of the North American off-highway wheel market and growing opportunities overseas and in follow-on markets like mining, Titan International (NYSE:TWI) may not be a giant, but the growth it's delivering to shareholders is hardly lilliputian.

Closing the Year on a Roll  
Titan reported 73% revenue growth to end its fiscal year, boosted in part by the acquisition of Goodyear's (NYSE:GT) Latin Am farm tire business, but also by strong overall demand. Agriculture sales rose 39% this quarter, while earthmoving/construction sales jumped 59%. Consumer sales were also a strong contributor to this quarter's total, with year-on-year comparisons being of negligible value.

Please continue here:
http://stocks.investopedia.com/stock-analysis/2012/Titan-More-Than-Just-Going-Along-For-The-Ride-TWI-DE-CNH-CAT-TEX0228.aspx

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