---
schema_version: "secwatch.filing_event.v1"
accession: "0000899751-24-000058"
form_type: "8-K"
ticker: "TWI"
cik: "0000899751"
company_name: "TITAN INTERNATIONAL INC"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:44:37.066140+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Titan Q1 revenue $482M, adj. EPS $0.29; Q2 guidance $525-575M; Carlstar integration on track

## Summary
- Q1 net sales $482.2M down 12% YoY; gross profit $77.4M (16.0%); adjusted gross margin 16.7% (excl. $3.4M inventory step-up).
- Adjusted EPS $0.29; adjusted EBITDA $50M; net debt $370M; $15M remaining under $50M share buyback authorization.
- Ag segment sales $239.7M (-21.6%); Earthmoving/Construction $165.2M (-16.9%); Consumer $77.3M (+76.3%) from Carlstar.
- Q2 guidance: revenue $525-575M, adj. EBITDA $45-55M, FCF $30-40M, capex $15-20M. No full-year guidance due to macro uncertainty.
- Carlstar acquisition closed Feb 29, contributed ~1 month; expected synergies $5-6M in 2024, $25-30M long-term.

## SEC filing metadata
- accession: 0000899751-24-000058
- form_type: 8-K
- ticker: TWI
- cik: 0000899751
- company_name: TITAN INTERNATIONAL INC
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/899751/000089975124000058/0000899751-24-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/899751/000089975124000058/twi-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000899751-24-000058
- JSON: https://secwatch.observer/filing/0000899751-24-000058.json
- Plain text: https://secwatch.observer/filing/0000899751-24-000058.txt

## Key facts
- Earnings Releases
  TITAN INTERNATIONAL INC reported the first quarter ended March 31, 2024 results: revenue $482.2 million, EPS $0.29. Guidance initiated.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $482.2 million
  - EPS: $0.29
  - Guidance: initiated
  - Result: reported results
  source text: Our balance sheet strength and cash flow prospects set us up to create value over the long-term.” Results of Operations Net sales for the three months ended March 31, 2024 were $482.2 million, compared to $548.6 million in the comparable period of 2023. Net
  evidence_url: https://www.sec.gov/Archives/edgar/data/899751/000089975124000058/0000899751-24-000058-index.htm

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