Michael G. Troyanovich
Michael G. Troyanovich, Secretary and General Counsel of Titan International, Inc. ("Company"), has informed the Company that he would be retiring from the Company.
Highest-materiality recent filing
Titan International Q1 revenue up 2.9% to $505M; operating loss due to plant closure charges
Revenue $505M (+2.9% YoY); gross margin 14.1% vs 14.0%.
Titan reports Q4 revenue up 7% to $410M; guides FY2026 revenue $1.85-1.95B
Q4 net sales $410.4M vs $383.6M YoY; gross margin 10.9% vs 10.7%.
Titan Q3 rev $466M (+4%), adj EBITDA $30M; Q4 guide: sales $385-410M, EBITDA ~$10M
Revenue $466M (+4% YoY); gross margin 15.2% vs 13.1%; income from operations $9.7M vs $2.8M.
Titan Q2 revenue $461M, adjusted EBITDA $30M; guides Q3 sales $450-475M
Revenue $460.8M (-13.4% YoY); gross margin 15.0% vs 15.1%; income from ops $10.2M (down from $22.3M).
Titan Q1 revenue $490.7M, operating income $11.8M vs. $25.1M YoY; guides Q2 similar
Q1 revenue $490.7M (up from $482.2M), operating income $11.8M (down from $25.1M); Adjusted EBITDA $31M.
Titan Q4 loss from operations $17M; Ag sales down 18.4% YoY
Q4 net sales $383.6M (down 1.7% YoY); gross margin 10.7% vs 14.9% last year.
Titan International enters global supply agreement with Deere & Company through Oct 2027
Global Long-Term Agreement effective Nov 1, 2024 to Oct 30, 2027, covering wheels and tires from Titan's North and South America plants.
Titan Q3 sales up 12% to $448M on Carlstar; op income drops to $2.8M; Q4 adj. EBITDA guidance $0-10M
Net sales $448M vs $401.8M YoY (+12%); Ag segment down 18%, Earthmover down 12%, Consumer up 303% on Carlstar.
Titan International repurchases 8M shares (11% outstanding) from MHR Funds for $57.6M
Purchased 8,005,000 shares at $7.20 each for aggregate $57,636,000; shares added to treasury.
Titan Q2 net sales $532M (+11% YoY), adj EPS $0.10, guides Q3 rev $450-500M
Net sales $532.2M (up 11% YoY) driven by Carlstar acquisition; Ag segment fell 20%, Consumer tripled.
Titan International files Carlstar audited FY23 financials: $615M revenue, $74M net income
Carlstar (acquired by Titan) reported net revenues of $615.2M and net income of $73.9M for FY2023.
Titan Q1 revenue $482M, adj. EPS $0.29; Q2 guidance $525-575M; Carlstar integration on track
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).
Michael G. Troyanovich, Secretary and General Counsel of Titan International, Inc. ("Company"), has informed the Company that he would be retiring from the Company.
Max materiality 0.80 · Median 0.65 · Most common event earnings