Titan reports record numbers

LSRUNQI

Titan reports record numbers
Thursday, July 28, 2011

; J) D0 ?0 c7 T: H. f$ KQuincy, IL - Titan reported sales for the second quarter of 2011 set an all-time record at $404.4 million up 76 percent, compared to $229.7 million in the second quarter of 2010. Gross profit for the second quarter of 2011 was record-setting at $63.9 million, up 88 percent, compared to $33.9 million in 2010. Second quarter income from operations was a record $44.0 million, up 152 percent, compared to $17.4 million last year. Net income for the second quarter set a record at $25.3 million, compared to $4.6 million in the second quarter of last year. Earnings per common basic share for the second quarter were $0.60 per share, up 362 percent, compared to $0.13 in the second quarter of last year. June 2011 year-to-date sales were $685.3 million, compared to $426.1 million in 2010. June 2011 year-to-date gross profit was $120.2 million, compared to $60.0 million in 2010. Income from operations for the first six months of 2011 was $70.8 million, compared to $27.6 million year-to-date 2010

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