Highest-materiality recent filing
Titan Q2 revenue up 5.2% to $484M, Adj. EBITDA $34M beats guidance; Consumer segment surges 27%
Revenue $484M (+5.2% YoY), gross margin 15.5%, Adj. EBITDA $34M (+13.3%), free cash flow $26M.
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).
Q4 net sales of $390.2M, down 23.5% YoY from $509.8M; gross margin stable at 14.9%.
Titan International acquires Carlstar for ~$296M in cash and stock
Acquired Carlstar for ~$296.2M: $127.5M cash + 11.9M shares of TWI stock (~$168.7M at $14.43/share).
Titan Q3 revenue down 24% to $402M; EPS $0.31, adjusted $0.29
Net sales $401.8M vs $530.7M in Q3 2022; gross margin stable at 16.4%.
Titan Q2 2023 EPS $0.48; revenue down 16% to $481M; provides FY2023 outlook
Net income $32M, EPS $0.48, adjusted EPS $0.43; adjusted EBITDA $59M.
Titan International Q1 EPS $0.50 (adj. $0.53) up 35% YoY; net income $33M
Net sales $548.6M, down 1.3% YoY; excluding FX and Australian divestiture, up 2%.
Titan International reports record FY2022 revenue of $2.17B, net income $179M
FY2022 revenue $2.17B (+22% YoY); net income $179M; adjusted EBITDA $253M.
Titan International authorizes $50M share repurchase program effective immediately for up to 3 years
Board authorized up to $50 million for common stock repurchases; program runs three years.
Titan International reports record Q3 net sales $531M, EPS $0.68, up from $0.18 YoY
Net sales $531M (+18% YoY); gross margin 16.5% vs 13.4%; reported EPS $0.68 vs $0.18.
Titan Q2 net sales $573M (+30.6% YoY); adj. EBITDA $82M; raises FY22 guidance
GAAP EPS $1.06; adjusted EPS $0.79; net sales $572.9M, highest since Q2 2013.
Titan Q1 net sales $556M (+38% YoY); raises FY guidance to >$2.1B sales, ~$200M EBITDA
Net sales $556.0M (highest since Q2 2013), up 37.8% YoY; gross margin 15.6% vs 13.2%.
Titan Q4 EPS $0.44 on 49% sales growth; FY2022 guidance >$2B revenue
Q4 net sales $487.7M (+49% YoY); EPS $0.44 vs ($0.28) loss.
Issued 4,032,259 shares of restricted common stock (Titan Restricted Stock) to former holders of RDIF affiliate on December 17, 2021.
Titan International Q3 net sales up 48% YoY to $450.4M; adj. EBITDA $35.1M
Net income $11.2M ($0.18 EPS) vs loss in prior year; adjusted EBITDA $35.1M, up from $14.2M.
Titan Q2 net sales up 53% to $438.6M; guides to FY EBITDA above $120M
Net sales $438.6M, up 53.3% YoY; highest quarterly sales since 2014.
Michael G. Troyanovich, Secretary and General Counsel of Titan International, Inc. ("Company"), has informed the Company that he would be retiring from the Company.
The Company has appointed Kim Marvin to the Board, effective as of February 29, 2024.
On February 22, 2023, Titan International, Inc. (the “Company”) issued a press release sharing condolences on the passing of Board Member Gary Cowger.
Max materiality 0.95 · Median 0.65 · Most common event earnings