earnings
confidence high
sentiment negative
materiality 0.75
Titan Q4 loss from operations $17M; Ag sales down 18.4% YoY
TITAN INTERNATIONAL INC
2024-FY EPS reported
-$0.08
revenue$1,845,937,000
- Q4 net sales $383.6M (down 1.7% YoY); gross margin 10.7% vs 14.9% last year.
- Loss from operations ($17.0M) compared to profit $20.7M in Q4 2023.
- Agricultural segment sales $157.1M (-18.4%), earthmoving $116.3M (-26.9%), consumer $110.1M (+185.8% on Carlstar).
- Q1 2025 outlook: sales $450-500M, adjusted EBITDA $25-35M; expects higher H2 weighting.
- CEO cites improving net farm income and strong aftermarket position as positive drivers.