---
schema_version: "secwatch.filing_event.v1"
accession: "0000899751-23-000038"
form_type: "8-K"
ticker: "TWI"
cik: "0000899751"
company_name: "TITAN INTERNATIONAL INC"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T02:13:58.021404+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Titan International Q1 EPS $0.50 (adj. $0.53) up 35% YoY; net income $33M

## Summary
- Net sales $548.6M, down 1.3% YoY; excluding FX and Australian divestiture, up 2%.
- Gross margin 17.4%, up 180 bps; Adjusted EBITDA $68M, up 19% YoY.
- Agricultural segment operating income $32.6M, up 8.1% YoY on cost reductions.
- Earthmoving/construction operating income $23.5M, up 48.6% YoY on efficiencies.
- Generated $12M free cash flow; net debt/EBITDA leverage 1.0x; repurchased $3.3M shares.

## SEC filing metadata
- accession: 0000899751-23-000038
- form_type: 8-K
- ticker: TWI
- cik: 0000899751
- company_name: TITAN INTERNATIONAL INC
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/899751/000089975123000038/0000899751-23-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/899751/000089975123000038/twi-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000899751-23-000038
- JSON: https://secwatch.observer/filing/0000899751-23-000038.json
- Plain text: https://secwatch.observer/filing/0000899751-23-000038.txt

## Key facts
- Earnings Releases
  TITAN INTERNATIONAL INC reported first quarter ended March 31, 2023 results: revenue $548.6 million, net income $33 million, EPS $0.50.
  - Period: first quarter ended March 31, 2023
  - Revenue: $548.6 million
  - Net income: $33 million
  - EPS: $0.50
  - Result: reported results
  source text: Net sales for the first quarter ended March 31, 2023, were $548.6 million, compared to $556.0 million in the comparable quarter of 2022, a decrease of 1.3%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/899751/000089975123000038/0000899751-23-000038-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.