Titan International, Inc., together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally. The company operates in three segments: Agricultural, Earthmoving/Construction, and Consumer. It offers rims, wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment. The company also offers rims, wheels, tires, and undercarriage systems and components for off-the-road earthmoving, mining, military, construction, and forestry equipment, including skid steers, aerial lifts, cranes, graders and levelers, scrapers, self-propelled shovel loaders, articulated dump trucks, load transporters, haul trucks, backhoe loaders, crawler tractors, lattice cranes, shovels, and hydraulic excavators. In addition, it provides bias and light truck tires; and products for ATVs, turf, and golf cart applications, as well as specialty and train brakes. The company sells its products directly to original equipment manufacturers, as well as to the aftermarket through independent distributors, equipment dealers, and own distribution centers. Titan International, Inc. was founded in 1890 and is headquartered in Quincy, Illinois.
IPO Year:
Exchange: NYSE
Website: titan-intl.com
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Nashville, TN – based manufacturer of specialty wheels and tires will further strengthen and diversify Titan's product portfolio and distribution market channels and make Titan a "one-stop shop" within the specialty wheel and tire space Transformative addition includes global manufacturing and distribution which will complement and strengthen Titan's connections to customers around the world WEST CHICAGO, Ill., Feb. 29, 2024 /PRNewswire/ -- Titan International, Inc. (NYSE: TWI) ("Titan" or the "Company"), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today announced the acquisition of Carlstar Group LLC. ("Carlstar") for approximately $29
QUINCY, Ill., March 31, 2021 /PRNewswire/ -- Titan International, Inc. ("Titan") announced today that Laura K. Thompson, 56, has been appointed to Titan's Board of Directors (the "Board"), effective April 1, 2021. Ms. Thompson was also appointed to serve on the Audit, Nomination, and Compensation Committees of the Board. Ms. Thompson is a global business executive with deep financial and business expertise established over a 35-year career with The Goodyear Tire & Rubber Company. Ms. Thompson served as Executive Vice President of Goodyear until her retirement in March 2019, and from 2013 to 2018 she served as Executive Vice President and Chief Financial Officer. She also served in various
Delivers Results Reflective of Industry Conditions, with strong Free Cash Flow of $42 Million and Adjusted EBITDA of $20 Million Recent Interest Rate Decreases and Expected Clarity on Trade Policy Should Support Improving Conditions in 2025 WEST CHICAGO, Ill., Oct. 30, 2024 /PRNewswire/ -- Titan International, Inc. (NYSE:TWI) ("Titan" or the "Company"), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today reported financial results for the third quarter ended September 30, 2024. Paul Reitz, President and Chief Executive Officer stated, "I have been spending a lot of time with customers in recent months, and it is clear that Titan's positio
CHICAGO, Oct. 21, 2024 /PRNewswire/ -- Titan International, Inc. announced it completed the repurchase of 8.0 million shares of common stock from MHR Fund Management for $57.6 million ($7.20 per share) in cash. MHR Fund Management is led by Mark Rachesky, who has been a member of Titan International Inc's Board of Directors since 2014. Paul Reitz, Titan's President and Chief Executive Officer, stated, "Titan's Board of Directors was presented with an opportunity for our shareholders to repurchase 8.0 million shares (11% of outstanding shares) at $7.20 per share from MHR Fund Management. Titan's balance sheet is in a healthy position prior to this transaction with approximately $225 million
VPO offers a high-performing, durable alternative to tweel wheels CHICAGO, Oct. 15, 2024 /PRNewswire/ -- Titan International Inc. (Titan) and the recently acquired Carlstar Group are proud to announce the launch of its Variable Pressure Operation (VPO™) Technology™ at Equip Exposition, from October 15-18 in Louisville, Kentucky. This innovative flat-proof technology offers a versatile solution as an alternative to tweel wheels, and other airless polyurethane spoke wheel options, by providing the ability to effectively operate machinery at various inflation pressures — even down to zero psi.
CHICAGO, Oct. 9, 2024 /PRNewswire/ -- Titan International, Inc. will release its third quarter 2024 financial results after the close of the market on Wednesday, October 30, 2024 to be followed by a teleconference and webcast on Thursday, October 31, 2024 at 9:00 a.m. Eastern Time. The real-time, listen-only webcast can be accessed using the following link https://events.q4inc.com/attendee/566818353 on our website at www.titan-intl.com within the "Investor Relations" page under the "News & Events" menu (https://ir.titan-intl.com/news-and-events/events/default.aspx). Listeners should access the website at least 10 minutes prior to the live event. In order to participate in the real-time tele
Delivers Strong Results Despite Challenging Industry Conditions, with Free Cash Flow of $53 million; Adjusted EBITDA of $49 Million; and Adjusted EPS of $0.10 Solid Balance Sheet Combined with Operational Diversity From Carlstar Acquisition Expected to Continue Yielding Positive Results WEST CHICAGO, Ill., July 31, 2024 /PRNewswire/ -- Titan International, Inc. (NYSE:TWI) ("Titan" or the "Company"), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today reported financial results for the second quarter ended June 30, 2024. Paul Reitz, President and Chief Executive Officer, stated, "The work we have done to optimize our operations, build a st
CHICAGO, July 10, 2024 /PRNewswire/ -- Titan International, Inc. will release its second quarter 2024 financial results after the close of the market on Wednesday, July 31, 2024 to be followed by a teleconference and webcast on Thursday, August 1, 2024 at 9:00 a.m. Eastern Time. The real-time, listen-only webcast can be accessed using the following link https://events.q4inc.com/attendee/651060873 on our website at www.titan-intl.com within the "Investor Relations" page under the "News & Events" menu (https://ir.titan-intl.com/news-and-events/events/default.aspx). Listeners should access the website at least 10 minutes prior to the live event. In order to participate in the real-time telecon
WEST CHICAGO, Ill., June 4, 2024 /PRNewswire/ -- Titan International, Inc. (NYSE:TWI) ("Titan" or the "Company"), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today announced that management will participate in the upcoming Wells Fargo Industrials Conference in Chicago, IL. Paul Reitz, CEO will participate in a fireside chat and 1 on 1 investor meetings. The live presentation of the fireside chat will take place at 4:45 PM ET on June 11, 2024 and can be accessed through the following link https://cc.webcasts.com/well001/061024a_js/?entity=32_WH3SGMT A replay of this presentation will also be made available on Titan's Investor Relations
WEST CHICAGO, Ill., May 29, 2024 /PRNewswire/ -- Titan International, Inc. (NYSE:TWI) ("Titan or the "Company"), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today reported that its board of directors plans to discuss with its largest shareholder, American Industrial Partners ("AIP"), a possible amendment of the parties' Stockholder Agreement to allow AIP to increase its ownership of TWI common stock in open market purchases. Private equity funds managed by AIP own approximately 16.4% of TWI's outstanding shares, which were acquired as a result of TWI's purchase of Carlstar Group, LLC, that closed in February 2024. In connection with tha
Delivers Solid Profitability with Adjusted EBITDA of $50 Million and Adjusted EPS of $0.29 Integration of Carlstar Driving 'One Stop Shop' Positioning in Ag and Consumer Segments for Long-Term growth WEST CHICAGO, Ill., May 1, 2024 /PRNewswire/ -- Titan International, Inc. (NYSE:TWI) ("Titan" or the "Company"), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today reported financial results for the first quarter ended March 31, 2024. Results for the first quarter of 2024 include approximately one month of results from the February 29, 2024 acquisition of Carlstar Group LLC ("Carlstar"). Paul Reitz, President and Chief Executive Officer, sta
CHICAGO, April 10, 2024 /PRNewswire/ -- Titan International, Inc. will release its first quarter 2024 financial results after the close of the market on Wednesday, May 1, 2024 to be followed by a teleconference and webcast on Thursday, May 2, 2024 at 9:00 a.m. Eastern Time. The real-time, listen-only webcast can be accessed using the following link https://events.q4inc.com/attendee/722246104 on our website at www.titan-intl.com within the "Investor Relations" page under the "News & Events" menu (https://ir.titan-intl.com/news-and-events/events/default.aspx). Listeners should access the website at least 10 minutes prior to the live event. In order to participate in the real-time teleconferen
CHICAGO, Oct. 9, 2024 /PRNewswire/ -- Titan International, Inc. will release its third quarter 2024 financial results after the close of the market on Wednesday, October 30, 2024 to be followed by a teleconference and webcast on Thursday, October 31, 2024 at 9:00 a.m. Eastern Time. The real-time, listen-only webcast can be accessed using the following link https://events.q4inc.com/attendee/566818353 on our website at www.titan-intl.com within the "Investor Relations" page under the "News & Events" menu (https://ir.titan-intl.com/news-and-events/events/default.aspx). Listeners should access the website at least 10 minutes prior to the live event. In order to participate in the real-time tele
CHICAGO, July 10, 2024 /PRNewswire/ -- Titan International, Inc. will release its second quarter 2024 financial results after the close of the market on Wednesday, July 31, 2024 to be followed by a teleconference and webcast on Thursday, August 1, 2024 at 9:00 a.m. Eastern Time. The real-time, listen-only webcast can be accessed using the following link https://events.q4inc.com/attendee/651060873 on our website at www.titan-intl.com within the "Investor Relations" page under the "News & Events" menu (https://ir.titan-intl.com/news-and-events/events/default.aspx). Listeners should access the website at least 10 minutes prior to the live event. In order to participate in the real-time telecon
CHICAGO, April 10, 2024 /PRNewswire/ -- Titan International, Inc. will release its first quarter 2024 financial results after the close of the market on Wednesday, May 1, 2024 to be followed by a teleconference and webcast on Thursday, May 2, 2024 at 9:00 a.m. Eastern Time. The real-time, listen-only webcast can be accessed using the following link https://events.q4inc.com/attendee/722246104 on our website at www.titan-intl.com within the "Investor Relations" page under the "News & Events" menu (https://ir.titan-intl.com/news-and-events/events/default.aspx). Listeners should access the website at least 10 minutes prior to the live event. In order to participate in the real-time teleconferen
CHICAGO, Feb. 28, 2024 /PRNewswire/ -- Titan International, Inc. will be issuing fourth quarter 2023 financial results the morning of Thursday, February 29, 2024, at approximately 6AM Eastern Time. The teleconference and webcast will be at the previously announced date and time on Thursday, February 29, 2024, at 9:00 a.m. Eastern Time. Instructions to access the teleconference and webcast below are below, and all are as previously communicated. The real-time, listen-only webcast can be accessed using the following link https://events.q4inc.com/attendee/889510132 on our website at www.titan-intl.com within the "Investor Relations" page under the "News & Events" menu (https://ir.titan-intl.co
CHICAGO, Feb. 1, 2024 /PRNewswire/ -- Titan International, Inc. will release its fourth quarter 2023 financial results, after the close of the market on Wednesday, February 28, 2024 to be followed by a teleconference and webcast on Thursday, February 29, 2024, at 9:00 a.m. Eastern Time. The real-time, listen-only webcast can be accessed using the following link https://events.q4inc.com/attendee/889510132 on our website at www.titan-intl.com within the "Investor Relations" page under the "News & Events" menu (https://ir.titan-intl.com/news-and-events/events/default.aspx). Listeners should access the website at least 10 minutes prior to the live event. In order to participate in the real-time
CHICAGO, Oct. 10, 2023 /PRNewswire/ -- Titan International, Inc. will release its third quarter 2023 financial results, after the close of the market on Wednesday, November 1, 2023 to be followed by a teleconference and webcast on Thursday, November 2, 2023, at 9:00 a.m. Eastern Time. The real-time, listen-only webcast can be accessed using the following link https://events.q4inc.com/attendee/675080000 or on our website at www.titan-intl.com within the "Investor Relations" page under the "News & Events" menu (https://ir.titan-intl.com/news-and-events/events/default.aspx). Listeners should access the website at least 10 minutes prior to the live event. In order to participate in the real-time
CHICAGO, July 12, 2023 /PRNewswire/ -- Titan International, Inc. will release its second quarter 2023 financial results, after the close of the market on Wednesday, August 2, 2023 to be followed by a teleconference and webcast on Thursday, August 3, 2023, at 9:30 a.m. Eastern Time. The real-time, listen-only webcast can be accessed using the following link https://events.q4inc.com/attendee/184831124 or on our website at www.titan-intl.com within the "Investor Relations" page under the "News & Events" menu (https://ir.titan-intl.com/news-and-events/events/default.aspx). Listeners should access the website at least 10 minutes prior to the live event. A webcast replay of the teleconference wil
WEST CHICAGO, Ill., March 29, 2022 /PRNewswire/ -- Titan International, Inc. (NYSE:TWI) ("Titan" or "TWI") has entered into a definitive agreement for the sale of its Australian wheel business, to OTR Tyres, a local leading national tire, wheel and service provider. The closing date is expected to be Thursday, March 31, 2022. The sale includes gross proceeds and cash to be repatriated of approximately A$23 million, and the assumption of all liabilities, including employee and lease obligations. The purchase price is subject to customary post-closing review and potential adjustments related to target working capital, along with the release of certain restricted cash related to lease guarant
Titan International, Inc. (NYSE:TWI) ("Titan or the "Company"), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today reported that its board of directors plans to discuss with its largest shareholder, American Industrial Partners ("AIP"), a possible amendment of the parties' Stockholder Agreement to allow AIP to increase its ownership of TWI common stock in open market purchases.Private equity funds managed by AIP own approximately 16.4% of TWI's outstanding shares, which were acquired as a result of TWI's purchase of Carlstar Group, LLC, that closed in February 2024. In connection with that acquisition, AIP and TWI entered into the Stockh
U.S. stocks were higher, with the Nasdaq Composite gaining over 100 points on Monday. Shares of Spirit Airlines, Inc. (NYSE:SAVE) fell sharply during Monday's session as the company reported a first-quarter fiscal 2024 revenue decline of 6.2% Y/Y to $1.265 billion, marginally missing the consensus of $1.269 billion. Adjusted EPS loss was $(1.46), down from $(0.82), missing the consensus of $(1.45). Spirit Airlines shares dipped 9.8% to $3.3450 on Monday. Here are some other big stocks recording losses in today's session. EyePoint Pharmaceuticals, Inc. (NASDAQ:EYPT) shares fell 37.7% to $12.29 after the company’s Phase 2 PAVIA trial of DURAVYU did not meet its pre-specified prima
Gainers Swvl Hldgs (NASDAQ:SWVL) stock rose 26.0% to $14.43 during Thursday's pre-market session. The market value of their outstanding shares is at $97.9 million. Enovix (NASDAQ:ENVX) stock increased by 21.35% to $7.9. The company's market cap stands at $1.3 billion. As per the news, the Q1 earnings report came out yesterday. Hyzon Motors (NASDAQ:HYZN) shares moved upwards by 18.57% to $0.65. The company's market cap stands at $159.9 million. Perma-Fix Envirn Servs (NASDAQ:PESI) shares rose 12.96% to $12.43. The market value of their outstanding shares is at $169.8 million. C.H. Robinson Worldwide (NASDAQ:CHRW) stock increased by 10.15% to $79.41. The company's market cap stands at $9.
Titan Intl (NYSE:TWI) reported quarterly earnings of $0.29 per share which missed the analyst consensus estimate of $0.45 by 35.56 percent. This is a 45.28 percent decrease over earnings of $0.53 per share from the same period last year. The company reported quarterly sales of $482.209 million which missed the analyst consensus estimate of $537.321 million by 10.26 percent. This is a 12.11 percent decrease over sales of $548.644 million the same period last year.
Shares of Butterfly Network, Inc. (NASDAQ:BFLY) fell sharply during Thursday’s session after the company reported mixed fourth-quarter financial results. Butterfly Network posted GAAP loss of 21 cents per share versus market estimates for a loss of 14 cents per share. The company’s quarterly sales came in at sales came in $16.52 million versus estimates of $15.35 million. Butterfly Network shares dipped 21.7% to $1.1588 on Thursday. Here are some other stocks moving in today's mid-day session. Gainers Enveric Biosciences, Inc. (NASDAQ:ENVB) gained 177.1% to $2.30 after the company announced it has signed three non-binding term sheets with an undisclosed biotechnology company to purs
The transaction price represents a multiple of approximately 4x Carlstar's FY 2023 adjusted EBITDA of $73 Million and is expected to be immediately accretive to earnings per share and operating margins in 2024. Carlstar is a global manufacturer and distributor of specialty tires and wheels for a variety of end-market verticals. Carlstar's global 2023 revenues were approximately $615 million.
Titan Intl (NYSE:TWI) reported quarterly Adj earnings of $0.34 per share which beat the analyst consensus estimate of $0.28 by 21.43 percent. This is a 22.73 percent decrease over earnings of $0.44 per share from the same period last year. The company reported quarterly sales of $390.20 million which missed the analyst consensus estimate of $413.57 million by 5.65 percent. This is a 23.46 percent decrease over sales of $509.77 million the same period last year.
Companies Reporting Before The Bell • Frontline (NYSE:FRO) is expected to report quarterly earnings at $0.46 per share on revenue of $276.19 million. • NB Bancorp (NASDAQ:NBBK) is likely to report earnings for its Fiscal Year 2023. • Verona Pharma (NASDAQ:VRNA) is projected to report quarterly loss at $0.26 per share on revenue of $0. • iHuman (NYSE:IH) is estimated to report earnings for its fourth quarter. • argenx (NASDAQ:ARGX) is estimated to report quarterly loss at $1.71 per share on revenue of $364.75 million. • Titan Intl (NYSE:TWI) is expected to report quarterly earnings at $0.28 per share on revenue of $413.57 million. • Canadian Imperial Bank (NYSE:CM) is projected to repo