secwatch.observer — SEC 8-K summary
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Issuer:     TITAN INTERNATIONAL INC (TWI)
CIK:        0000899751
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000899751-23-000077
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Titan Q3 revenue down 24% to $402M; EPS $0.31, adjusted $0.29
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- Net sales $401.8M vs $530.7M in Q3 2022; gross margin stable at 16.4%.
- Ag segment sales fell 26.4% on OEM destocking; Earthmoving/Construction down 22.4%.
- Generated free cash flow $37M; used $4M for debt paydown and repurchased 1M shares at $12.31 avg.
- Full year 2023 outlook maintained: revenue $1.85-1.9B, adjusted EBITDA $200-210M.
- Cash position $212M; $50M repurchase program with $19M utilized as of quarter-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899751/000089975123000077/0000899751-23-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899751/000089975123000077/twi-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000899751-23-000077

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