Titan International files pro forma financials for Carlstar acquisition

TITAN INTERNATIONAL INC

Total purchase price of Carlstar: $296.2M ($127.5M cash + $168.7M in 11.9M shares of TWI).
Pro forma combined net sales for 2023: $2.437B; net income attributable to Titan: $147.8M.
Pro forma combined net income for nine months ended Sep 30, 2024: $2.2M (or $7.0M after adjustments).
Adjustments include $56.2M sale-leaseback gain reversal and $5.5M Carlstar transaction costs.

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