This past year has been a noteworthy period of growth for Titan Machinery. As a company, we achieved record revenue, expanded our operations into Australia through a successful acquisition, and made progress on our sustainability journey.
In fiscal 2024, we established a Sustainability Committee to oversee the company's priorities and propose new initiatives and policies to promote sustainability. We continued to focus on precision products that capitalize on technology and minimize the environmental impacts of farming and construction, and we began selling electrified machinery.
With our focus on intentional and sustainable business practices such as these, we continue our commitment to serving our customers that feed and build the world now and for years to come.
We also firmly believe that caring for our talented, diversified, and driven workforce enables and empowers them to care for our customers. This year, we enhanced our paid time off benefits and parental leave policies. We believe that providing competitive compensation and comprehensive benefits enables our employees to maintain a healthy work-life balance and perform at their best for our customers. This support of our employees has led to a turnover rate that is significantly lower than industry standard and is trending down year over year. We are exceptionally proud of our employees and how they serve our customers.
Thanks to the work and dedication of our employees this year, Titan Machinery was recognized with two awards from our most key partner, Case IH. We received the Customer Experience Engagement Award and the Fixed Right First Time Award. These customer experience-driven awards are a testament to the strength of our dedicated, committed, and hardworking team that continues to provide outstanding service to our valued customers.
I look forward to continuing to expand on the incredible success we saw in fiscal 2024, both from a financial position and customer experience perspective.
Bryan J. Knutson, CEO
SPOTLIGHT ON ROMANIA
In fiscal year 2024, Titan Machinery Romania saw the benefits of an effort to invest time and resources into promoting and selling electrified vehicles. Titan Machinery Romania began selling completely electrified machinery units, which included electric wheel loaders, mini excavators, and skid steer loaders. These Romanian sales provide a small example of the potential for emerging and sustainable new markets that can emerge in any part of the world.
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Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment dealer locations across three continents, including North America, Europe, and Australia servicing farmers, ranchers, and commercial applicators. The Company operates through segments: Agriculture, Construction, Europe, and Australia. It offers equipment and parts sales, equipment repair and maintenance services, and rental functions in each store. It sells new agricultural and construction equipment manufactured under the CNH Industrial family of brands as well as equipment from a variety of other manufacturers. The agricultural equipment it sells, and service includes machinery and attachments for uses ranging from large-scale commercial farming to home and garden purposes. The construction equipment it sells, and service includes heavy construction machinery, light industrial machinery for commercial and residential construction, and road and highway construction machinery.
TITAN MACHINERY INC. 
