other
confidence high
sentiment positive
materiality 0.55
Titan International Chairman expects Q3 revenue ~$540M, net debt near $300M by year-end
TITAN INTERNATIONAL INC
- Chairman Morry Taylor says Q3 revenue expected around $540M, on track with sales and profitability.
- Net debt targeted to near $300M by year-end, a 'tremendous improvement' in leverage.
- Board directed management to pursue bolt-on acquisitions for future growth.
- Outlook positive for 2023 and 2024, citing strong demand for large farming equipment.