secwatch.observer — SEC 8-K summary
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Issuer:     TITAN INTERNATIONAL INC (TWI)
CIK:        0000899751
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000899751-23-000066
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899751/000089975123000066/0000899751-23-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899751/000089975123000066/twi-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000899751-23-000066

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