secwatch.observer — SEC 8-K summary
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Issuer:     TITAN INTERNATIONAL INC (TWI)
CIK:        0000899751
Form:       8-K
Filed at:   2022-08-01T23:59:59+00:00
Accession:  0000899751-22-000082
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Titan Q2 net sales $573M (+30.6% YoY); adj. EBITDA $82M; raises FY22 guidance
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- GAAP EPS $1.06; adjusted EPS $0.79; net sales $572.9M, highest since Q2 2013.
- Agricultural segment sales +38% YoY; Earthmoving/Construction +19%; Consumer +44%.
- Free cash flow $56M in Q2; debt leverage below 2x adjusted EBITDA.
- Raised FY22 sales target to $2.2B; adj. EBITDA target $240-250M; FCF $90-100M.
- Recorded $22.5M Brazilian tax credits as other income; expects ~$10M more pending approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899751/000089975122000082/0000899751-22-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899751/000089975122000082/twi-20220801.htm
  HTML page:      https://secwatch.observer/filing/0000899751-22-000082

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