---
schema_version: "secwatch.filing_event.v1"
accession: "0000899751-23-000066"
form_type: "8-K"
ticker: "TWI"
cik: "0000899751"
company_name: "TITAN INTERNATIONAL INC"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T16:00:38.804772+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Titan Q2 2023 EPS $0.48; revenue down 16% to $481M; provides FY2023 outlook

## Summary
- Net income $32M, EPS $0.48, adjusted EPS $0.43; adjusted EBITDA $59M.
- Revenue $481M, down 16% YoY from $572.9M on customer inventory destocking.
- Agricultural segment sales -15.5% to $269M; EMC -17% to $175M; Consumer -15% to $37.3M.
- Full-year 2023 outlook: revenue $1.85-1.9B, adj. EBITDA $200-210M, FCF $110-120M.
- Cash $196M; net debt/EBITDA 1.0x; repurchased $6.4M of stock under $50M program.

## SEC filing metadata
- accession: 0000899751-23-000066
- form_type: 8-K
- ticker: TWI
- cik: 0000899751
- company_name: TITAN INTERNATIONAL INC
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/899751/000089975123000066/0000899751-23-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/899751/000089975123000066/twi-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000899751-23-000066
- JSON: https://secwatch.observer/filing/0000899751-23-000066.json
- Plain text: https://secwatch.observer/filing/0000899751-23-000066.txt

## Key facts
- Earnings Releases
  TITAN INTERNATIONAL INC reported second quarter ended June 30, 2023 results: revenue $481 million, net income $32 million, EPS $0.48. Guidance initiated.
  - Period: second quarter ended June 30, 2023
  - Revenue: $481 million
  - Net income: $32 million
  - EPS: $0.48
  - Guidance: initiated
  - Result: reported results
  source text: quarter ended June 30, 2023. Second Quarter 2023 Highlights • Net income of $32 million, EPS of $0.48 and adjusted EPS of $0.43 • Adjusted EBITDA of $59 million • Net sales of $481 million • Further strengthened balance sheet with an increase in total cash to $196 million, $49 million of free cash flow generation and net debt/trailing twelve-month EBITDA leverage
  evidence_url: https://www.sec.gov/Archives/edgar/data/899751/000089975123000066/0000899751-23-000066-index.htm

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