secwatch.observer — SEC 8-K summary
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Issuer:     TITAN INTERNATIONAL INC (TWI)
CIK:        0000899751
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0000899751-22-000095
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Titan International reports record Q3 net sales $531M, EPS $0.68, up from $0.18 YoY
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- Net sales $531M (+18% YoY); gross margin 16.5% vs 13.4%; reported EPS $0.68 vs $0.18.
- Adjusted EBITDA $61M, up from $35M YoY; free cash flow $40M in Q3, $69M YTD.
- Debt reduced $35M in quarter; net leverage 1.4x; expects to finish year at top end of targets.
- Agricultural sales +18%, Earthmoving/Construction +19%, Consumer +10%.
- Recognized $9.5M Brazilian tax credit in Q3 ($32M YTD) within other income.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899751/000089975122000095/0000899751-22-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899751/000089975122000095/twi-20221107.htm
  HTML page:      https://secwatch.observer/filing/0000899751-22-000095

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