secwatch.observer — SEC 8-K summary
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Issuer:     TITAN INTERNATIONAL INC (TWI)
CIK:        0000899751
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0000899751-23-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Titan International reports record FY2022 revenue of $2.17B, net income $179M
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- FY2022 revenue $2.17B (+22% YoY); net income $179M; adjusted EBITDA $253M.
- Q4 revenue $509.8M (+4.5% YoY); gross margin 15.0% (up 220 bps YoY).
- Free cash flow $44M in Q4, $114M full year; net debt/adj. EBITDA 1.1x.
- Agricultural segment Q4 sales $274.8M (+3.8%); EMC segment sales $195.8M (+6.8%).
- Cash position $160M, up $62M YoY; management expects upbeat 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899751/000089975123000011/0000899751-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899751/000089975123000011/twi-20230227.htm
  HTML page:      https://secwatch.observer/filing/0000899751-23-000011

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