{"schema_version":"secwatch.filing_event.v1","accession":"0000899751-24-000013","form_type":"8-K","ticker":"TWI","cik":"0000899751","company_name":"TITAN INTERNATIONAL INC","filed_at":"2024-02-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.228301+00:00","generated_at":"2026-06-05T07:45:06.008321+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Titan Intl Q4 sales fall 23% YoY to $390M; posts record FCF $119M in FY23; acquires Carlstar Group at ~4x EBITDA","bullets":["Q4 net sales of $390.2M, down 23.5% YoY from $509.8M; gross margin stable at 14.9%.","FY 2023 free cash flow of $119M, a record; full-year gross margin up slightly to 16.8% from 16.5%.","Acquired Carlstar Group LLC at ~4x 2023 adjusted EBITDA; deal structured with cash and stock, adding consumer and power sports exposure.","No financial guidance provided for 2024 due to integration of Carlstar; management expects to provide later in the year.","Each segment saw sales declines: Agricultural -29.9%, Earthmoving/Construction -18.7%, Consumer -1.6% in Q4."],"urls":{"canonical":"https://secwatch.observer/filing/0000899751-24-000013","json":"https://secwatch.observer/filing/0000899751-24-000013.json","markdown":"https://secwatch.observer/filing/0000899751-24-000013.md","text":"https://secwatch.observer/filing/0000899751-24-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/899751/000089975124000013/0000899751-24-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/899751/000089975124000013/twi-20240229.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T07:45:06.008321+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4462e66acbbb9c135e4f68bd98d4b3d1705ab910","claim":"TITAN INTERNATIONAL INC reported financial results for year ended December 31, 2023.","evidence_excerpt":"Titan International, Inc. (NYSE: TWI) (“Titan” or the “Company”), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today reported results for the fourth quarter and year ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/899751/000089975124000013/0000899751-24-000013-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"ba5d6f615d74a91ffe7c18c5eea9794ffbda7073","claim":"TITAN INTERNATIONAL INC reported fourth quarter ended December 31, 2023 results: revenue $390.2 million.","evidence_excerpt":"Net sales for the fourth quarter ended December 31, 2023, were $390.2 million, compared to $509.8 million in the comparable quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/899751/000089975124000013/0000899751-24-000013-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$390.2 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}