secwatch.observer — SEC 8-K summary
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Issuer:     TITAN INTERNATIONAL INC (TWI)
CIK:        0000899751
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0000899751-22-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Titan Q1 net sales $556M (+38% YoY); raises FY guidance to >$2.1B sales, ~$200M EBITDA
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- Net sales $556.0M (highest since Q2 2013), up 37.8% YoY; gross margin 15.6% vs 13.2%.
- Adjusted EBITDA $56.8M, doubled from $26.3M; operating income $44.7M vs $14.2M.
- Raises FY2022 guidance: net sales above $2.1B, adjusted EBITDA ~$200M, FCF $55-65M.
- All segments grew: Ag +48%, E/C +22%, Consumer +51% sales; margins expanded.
- Sold Australian wheel business for ~$17.5M, recorded $10.9M loss on sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899751/000089975122000045/0000899751-22-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899751/000089975122000045/twi-20220502.htm
  HTML page:      https://secwatch.observer/filing/0000899751-22-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer