See more : Beijing Tongrentang Co., Ltd (600085.SS) Income Statement Analysis – Financial Results
Complete financial analysis of Titan International, Inc. (TWI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Titan International, Inc., a leading company in the Agricultural – Machinery industry within the Industrials sector.
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Titan International, Inc. (TWI)
About Titan International, Inc.
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 Agricultural, Earthmoving/Construction, and Consumer segments. 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. It 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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.82B | 2.17B | 1.78B | 1.26B | 1.45B | 1.60B | 1.47B | 1.27B | 1.39B | 1.90B | 2.16B | 1.82B | 1.49B | 881.59M | 727.60M | 1.04B | 837.02M | 679.45M | 470.13M | 510.57M | 491.67M | 462.82M | 457.48M | 543.07M | 588.00M | 660.80M | 690.10M | 634.60M | 623.20M | 407.00M | 150.40M | 113.20M | 100.10M |
| Cost of Revenue | 1.52B | 1.81B | 1.54B | 1.14B | 1.32B | 1.40B | 1.31B | 1.12B | 1.26B | 1.75B | 1.87B | 1.53B | 1.25B | 767.66M | 671.63M | 896.99M | 752.89M | 606.68M | 405.92M | 431.07M | 461.97M | 433.08M | 436.92M | 465.70M | 487.70M | 534.90M | 553.20M | 498.90M | 484.10M | 321.20M | 119.80M | 92.30M | 85.60M |
| Gross Profit | 305.85M | 360.71M | 237.54M | 114.32M | 129.00M | 198.27M | 158.28M | 142.48M | 137.81M | 140.64M | 295.19M | 294.14M | 232.11M | 113.93M | 55.97M | 139.71M | 84.13M | 72.78M | 64.21M | 79.50M | 29.70M | 29.74M | 20.55M | 77.37M | 100.30M | 125.90M | 136.90M | 135.70M | 139.10M | 85.80M | 30.60M | 20.90M | 14.50M |
| Gross Profit Ratio | 16.79% | 16.63% | 13.34% | 9.08% | 8.91% | 12.37% | 10.78% | 11.26% | 9.88% | 7.42% | 13.64% | 16.16% | 15.61% | 12.92% | 7.69% | 13.48% | 10.05% | 10.71% | 13.66% | 15.57% | 6.04% | 6.43% | 4.49% | 14.25% | 17.06% | 19.05% | 19.84% | 21.38% | 22.32% | 21.08% | 20.35% | 18.46% | 14.49% |
| Research & Development | 12.54M | 10.40M | 10.10M | 9.01M | 9.86M | 11.15M | 10.30M | 9.97M | 11.16M | 14.01M | 11.17M | 7.15M | 4.23M | 6.32M | 8.85M | 0.00 | 0.00 | 0.00 | 837.00K | 1.88M | 2.75M | 3.51M | 3.09M | 4.70M | 6.30M | 7.10M | 6.80M | 2.70M | 2.10M | 2.10M | 0.00 | 0.00 | 0.00 |
| General & Administrative | 131.64M | 129.79M | 129.07M | 128.64M | 134.00M | 131.69M | 146.78M | 140.19M | 10.53M | 14.08M | 14.26M | 12.26M | 0.00 | 9.26M | 7.57M | 9.24M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 3.30M | 3.00M | 2.70M | 2.30M | 3.70M | 3.10M | 3.90M | 4.80M | 129.86M | 159.54M | 153.11M | 113.90M | 0.00 | 57.57M | 46.73M | 47.91M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 134.94M | 132.79M | 131.77M | 130.94M | 137.70M | 134.79M | 150.68M | 144.99M | 140.39M | 173.61M | 167.37M | 126.16M | 95.71M | 66.83M | 54.31M | 57.15M | 53.14M | 42.14M | 31.43M | 36.04M | 43.17M | 40.32M | 44.16M | 44.09M | 51.60M | 52.90M | 45.50M | 43.70M | 40.60M | 28.30M | 12.10M | 8.60M | 8.20M |
| Other Expenses | 9.65M | 11.71M | 10.49M | 9.72M | 9.88M | 19.20M | 11.14M | 12.47M | 11.06M | -18.06M | 7.02M | 6.82M | 0.00 | 0.00 | 0.00 | 0.00 | 6.16M | 8.63M | 19.94M | 8.26M | 0.00 | 0.00 | 6.77M | 37.22M | 38.60M | 34.70M | 30.90M | 28.00M | 23.40M | 17.40M | 5.30M | 3.40M | 2.90M |
| Operating Expenses | 157.12M | 154.91M | 152.37M | 149.67M | 157.44M | 156.02M | 171.46M | 163.82M | 162.09M | 201.70M | 192.80M | 145.57M | 99.94M | 73.15M | 63.16M | 66.39M | 59.29M | 50.77M | 52.21M | 46.18M | 45.92M | 43.83M | 54.02M | 86.01M | 96.50M | 94.70M | 83.20M | 74.40M | 66.10M | 47.80M | 17.40M | 12.00M | 11.10M |
| Cost & Expenses | 1.67B | 1.96B | 1.70B | 1.29B | 1.48B | 1.56B | 1.48B | 1.29B | 1.42B | 1.96B | 2.06B | 1.67B | 1.35B | 840.81M | 734.79M | 963.38M | 812.18M | 657.44M | 458.13M | 477.25M | 507.89M | 476.91M | 490.94M | 551.72M | 584.20M | 629.60M | 636.40M | 573.30M | 550.20M | 369.00M | 137.20M | 104.30M | 96.70M |
| Interest Income | 0.00 | 29.80M | 32.22M | 30.55M | 1.13M | 2.11M | 3.36M | 3.21M | 2.67M | 3.04M | 3.40M | 859.00K | 556.00K | 394.00K | 0.00 | 1.35M | 2.72M | 1.68M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 18.79M | 29.80M | 32.22M | 30.55M | 33.14M | 30.46M | 30.23M | 32.54M | 34.03M | 36.56M | 47.12M | 27.66M | 25.26M | 26.67M | 16.25M | 15.12M | 18.71M | 17.00M | 8.62M | 16.16M | 20.23M | 20.57M | 20.92M | 22.56M | 0.00 | 18.30M | 0.00 | 10.70M | 12.00M | 8.50M | 3.20M | 2.80M | 3.40M |
| Depreciation & Amortization | 42.43M | 41.90M | 47.00M | 53.60M | 53.10M | 56.20M | 57.30M | 58.00M | 69.62M | 88.70M | 80.62M | 54.10M | 44.91M | 37.57M | 34.30M | 30.37M | 28.62M | 26.85M | 20.75M | 24.91M | 32.28M | 33.62M | 37.26M | 37.22M | 38.60M | 34.70M | 30.90M | 28.00M | 23.40M | 17.40M | 5.30M | 3.40M | 2.90M |
| EBITDA | 170.97M | 274.05M | 130.26M | 26.02M | 38.19M | 106.46M | 34.65M | 54.07M | 49.53M | -28.58M | 182.48M | 155.40M | 166.06M | 64.88M | 18.54M | 68.50M | 43.45M | 48.86M | 54.22M | 58.23M | 16.06M | 19.54M | 3.80M | 28.58M | 42.40M | 65.90M | 84.60M | 89.30M | 96.40M | 55.40M | 18.50M | 12.30M | 6.30M |
| EBITDA Ratio | 9.38% | 12.63% | 7.60% | 3.03% | 2.45% | 7.43% | 3.84% | -0.70% | -0.95% | -4.17% | 4.72% | 8.54% | 8.89% | 8.89% | 3.73% | 3.68% | 8.64% | 7.65% | 11.53% | 12.62% | 2.70% | 6.30% | 1.51% | -2.09% | 6.97% | 9.93% | 11.97% | 12.73% | 14.91% | 13.46% | 12.17% | 10.42% | 9.69% |
| Operating Income | 148.73M | 205.80M | 85.18M | -16.55M | -18.91M | 42.24M | -13.18M | -21.33M | -24.28M | -97.63M | 102.40M | 174.71M | 132.17M | 40.78M | -18.89M | 73.32M | 24.84M | 22.01M | 12.00M | 33.32M | -16.22M | -14.09M | -33.47M | -8.65M | 3.80M | 31.20M | 53.70M | 61.30M | 73.00M | 38.00M | 13.20M | 8.90M | 3.40M |
| Operating Income Ratio | 8.16% | 9.49% | 4.78% | -1.31% | -1.31% | 2.64% | -0.90% | -1.69% | -1.74% | -5.15% | 4.73% | 9.60% | 8.89% | 4.63% | -2.60% | 7.07% | 2.97% | 3.24% | 2.55% | 6.53% | -3.30% | -3.04% | -7.32% | -1.59% | 0.65% | 4.72% | 7.78% | 9.66% | 11.71% | 9.34% | 8.78% | 7.86% | 3.40% |
| Total Other Income/Expenses | -38.98M | -3.45M | -34.14M | -47.80M | -19.61M | -22.44M | -39.69M | -14.07M | -27.73M | -54.62M | -47.66M | 5.87M | -36.28M | -40.14M | -13.11M | -50.31M | -28.72M | -13.44M | -14.88M | -18.11M | -17.45M | -30.21M | -12.92M | 17.35M | -22.20M | -18.00M | -13.20M | -4.30M | -9.70M | -7.90M | -3.00M | -2.40M | -6.90M |
| Income Before Tax | 109.75M | 202.35M | 51.04M | -58.13M | -48.04M | 19.81M | -52.88M | -32.86M | -52.01M | -152.24M | 54.73M | 180.57M | 95.90M | 649.00K | -32.00M | 23.01M | 3.88M | 8.57M | -2.89M | 15.22M | -33.67M | -44.29M | -50.74M | 8.70M | -18.40M | 13.20M | 40.50M | 57.00M | 63.30M | 30.10M | 10.20M | 6.50M | -3.50M |
| Income Before Tax Ratio | 6.02% | 9.33% | 2.87% | -4.62% | -3.32% | 1.24% | -3.60% | -2.60% | -3.73% | -8.03% | 2.53% | 9.92% | 6.45% | 0.07% | -4.40% | 2.22% | 0.46% | 1.26% | -0.61% | 2.98% | -6.85% | -9.57% | -11.09% | 1.60% | -3.13% | 2.00% | 5.87% | 8.98% | 10.16% | 7.40% | 6.78% | 5.74% | -3.50% |
| Income Tax Expense | 26.04M | 23.17M | 1.15M | 6.95M | 3.48M | 6.76M | 11.20M | 3.28M | 38.28M | -21.82M | 25.05M | 86.61M | 37.76M | 291.00K | -7.36M | 9.67M | 3.36M | 3.43M | -13.93M | 4.11M | 2.99M | -8.42M | -13.34M | 4.18M | -7.00M | 5.00M | 15.40M | 21.60M | 25.30M | 11.60M | 3.80M | 2.40M | 100.00K |
| Net Income | 78.76M | 176.30M | 49.59M | -65.08M | -51.52M | 16.09M | -60.04M | -33.99M | -75.63M | -80.46M | 35.21M | 95.55M | 58.15M | 358.00K | -24.65M | 13.34M | -7.25M | 5.14M | 11.04M | 11.11M | -36.66M | -35.88M | -34.79M | 4.53M | -11.40M | 8.20M | 25.10M | 35.40M | 38.00M | 18.50M | 6.40M | 3.50M | -3.60M |
| Net Income Ratio | 4.32% | 8.13% | 2.79% | -5.17% | -3.56% | 1.00% | -4.09% | -2.69% | -5.42% | -4.24% | 1.63% | 5.25% | 3.91% | 0.04% | -3.39% | 1.29% | -0.87% | 0.76% | 2.35% | 2.18% | -7.46% | -7.75% | -7.60% | 0.83% | -1.94% | 1.24% | 3.64% | 5.58% | 6.10% | 4.55% | 4.26% | 3.09% | -3.60% |
| EPS | 1.26 | 2.80 | 0.80 | -1.07 | -0.86 | 0.27 | -1.01 | -0.63 | -1.41 | -1.51 | 0.66 | 2.47 | 1.40 | -0.17 | -0.71 | 0.39 | -0.23 | 0.21 | 0.49 | 0.50 | -1.40 | -1.38 | -1.35 | 0.18 | -0.44 | 0.30 | 0.89 | 1.26 | 1.53 | 0.41 | 0.16 | 0.07 | -0.07 |
| EPS Diluted | 1.25 | 2.77 | 0.79 | -1.07 | -0.86 | 0.27 | -1.01 | -0.63 | -1.41 | -1.50 | 0.64 | 2.05 | 1.18 | -0.17 | -0.71 | 0.38 | -0.23 | 0.21 | 0.48 | 0.49 | -1.40 | -1.38 | -1.35 | 0.18 | -0.44 | 0.30 | 0.88 | 1.04 | 1.20 | 0.32 | 0.16 | 0.07 | -0.07 |
| Weighted Avg Shares Out | 62.45M | 63.04M | 62.10M | 60.82M | 60.10M | 59.82M | 59.32M | 53.92M | 53.67M | 53.39M | 53.04M | 43.38M | 41.66M | 34.90M | 34.71M | 34.41M | 32.08M | 24.63M | 22.57M | 22.25M | 26.23M | 25.99M | 25.82M | 25.87M | 25.94M | 26.97M | 28.27M | 28.01M | 24.87M | 20.32M | 19.75M | 17.09M | 54.24M |
| Weighted Avg Shares Out (Dil) | 62.96M | 63.69M | 62.69M | 60.82M | 60.10M | 59.91M | 59.34M | 53.92M | 53.70M | 53.50M | 59.52M | 54.66M | 53.14M | 34.90M | 34.71M | 34.84M | 32.08M | 25.06M | 22.86M | 26.97M | 26.23M | 25.99M | 25.82M | 25.87M | 25.94M | 26.97M | 28.52M | 34.04M | 31.67M | 20.32M | 19.75M | 17.09M | 54.24M |
TITAN INTERNATIONAL, INC.'S CHAIRMAN COMMENTS ON STOCK MOVE
CHICAGO , June 24, 2022 /PRNewswire/ -- Titan International, Inc. (NYSE: TWI) ("Titan" or "TWI") today released the following comments from its Chairman of the Board, Morry Taylor. "I got a number of calls yesterday asking what is happening with...
4 Stocks to Buy as Industrial Production Continues to Rise
Despite challenges, industrial production has been on the rise, helping companies like Titan International (TWI), Hubbell Incorporated (HUBB), Applied Industrial Technologies (AIT) and Helios Technologies (HLIO).
Earnings Estimates Moving Higher for Titan International (TWI): Time to Buy?
Titan International (TWI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Why Fast-paced Mover Titan International (TWI) Is a Great Choice for Value Investors
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Titan International (TWI) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum...
Titan International (TWI) Issues Q2 Update, Ups 2022 Guidance
Titan International estimates 2022 sales to be around $2.2 billion and adjusted EBITDA between $225 million and $240 million.
TITAN INTERNATIONAL, INC. PROVIDES UPDATE ON STRONG BUSINESS MOMENTUM
CHICAGO , June 13, 2022 /PRNewswire/ -- Titan International, Inc. (NYSE: TWI) ("Titan" or "TWI") today released the following business update. Last week, Titan's stockholders voted to support the Board's recommendations, with all ballot items receiving the majority of the...
Titan International (TWI) Up 62% YTD: Will the Rally Sustain?
Titan International (TWI) reported an EBITDA margin of 10.2% in the first quarter of 2022 - the highest level in close to a decade. This, along with an upbeat outlook for 2022, has contributed to the uptick in its shares.
4 Stocks to Buy on Continued Expansion in Manufacturing Activity
The U.S. manufacturing sector has been expanding at a steady pace, helping stocks like AZZ Inc. (AZZ), Applied Industrial Technologies, Inc. (AIT), Titan International, Inc. (TWI) and Helios Technologies, Inc. (HLIO).
4 Solid Stocks to Buy on Surge in Orders for Durable Goods
With demand for durable goods rising, stocks like Titan International, Inc. (TWI) Applied Industrial Technologies, Inc. (AIT), IDEX Corporation (IEX) and Nordson Corporation (NDSN) are likely to benefit.
TITAN INTERNATIONAL, INC.'S CHAIRMAN UPDATE - MARKETS REMAIN STRONG
CHICAGO , May 25, 2022 /PRNewswire/ -- Titan International, Inc. (NYSE: TWI) ("Titan" or "TWI") today released the following comments from its Chairman of the Board, Morry Taylor. "The last few weeks I have had phone calls from shareholders wanting...
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