earnings
confidence high
sentiment positive
materiality 0.80
Titan International Q3 net sales up 48% YoY to $450.4M; adj. EBITDA $35.1M
TITAN INTERNATIONAL INC
2021-Q3 EPS reported
$0.35
revenue$1,292,539,000
- Net income $11.2M ($0.18 EPS) vs loss in prior year; adjusted EBITDA $35.1M, up from $14.2M.
- Agricultural segment sales surged 60% YoY to $244.4M; operating income $18.2M.
- Full-year adjusted EBITDA guidance raised to over $130M.
- Gross margin improved to 13.4% from 10.3% on higher volumes and cost initiatives.
- CEO cited strong farmer incomes and low dealer inventory as tailwinds for 2022.