earnings
confidence high
sentiment positive
materiality 0.75
Titan Q2 net sales up 53% to $438.6M; guides to FY EBITDA above $120M
TITAN INTERNATIONAL INC
2021-Q2 EPS reported
$0.17
revenue$842,157,000
- Net sales $438.6M, up 53.3% YoY; highest quarterly sales since 2014.
- Income from operations $23.7M vs loss of $3.1M YoY; adj EBITDA $37.4M vs $13.3M.
- Net loss $2.8M ($0.04 loss per share) vs $5.0M loss YoY; 1H net income $10.8M.
- Completed refinancing of $400M 6.50% senior secured notes, maturity extended to 2028.
- Management guides to adjusted EBITDA north of $120M for full year 2021.