secwatch.observer — SEC 8-K summary
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Issuer:     TITAN INTERNATIONAL INC (TWI)
CIK:        0000899751
Form:       8-K/A
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0000899751-24-000097
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Titan International files pro forma financials for Carlstar acquisition
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899751/000089975124000097/0000899751-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899751/000089975124000097/twi-20240229.htm
  HTML page:      https://secwatch.observer/filing/0000899751-24-000097

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