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: A Chance To Buy This $7 Stock At What Could Be Cyclical Lows
Titan International is a leading producer of specialty tires for various industries, facing challenges due to high interest rates impacting the farming sector. Stock price has dropped significantly, but recent strategic moves and low valuation suggest potential for rebound. Potential...
TITAN INTERNATIONAL, INC. TO PARTICIPATE IN WELLS FARGO INDUSTRIALS CONFERENCE
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...
Titan International, Inc. Reports Intention to Discuss Amendment of Stockholder Agreement to Permit American Industrial Partners to Increase Its Ownership in Company
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...
Titan International, Inc. (NYSE:TWI) Shares Purchased by Panagora Asset Management Inc.
Panagora Asset Management Inc. grew its position in shares of Titan International, Inc. (NYSE:TWI – Free Report) by 52.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,692...
Titan International, Inc. (TWI) Q1 2024 Earnings Call Transcript
Titan International, Inc. (NYSE:TWI ) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Alan Snyder - Vice President, Financial Planning & Investor Relations Paul Reitz - President & Chief Executive Officer David Martin - Senior...
Titan International, Inc. Reports First Quarter Financial Performance
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...
Titan International, Inc. to Announce First Quarter 2024 Financial Results on May 1
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...
TITAN INTERNATIONAL, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2023 FINANCIAL PERFORMANCE
FY 2023 Results Highlighted by Buoyant Margins and Strong Free Cash Flow Transformative Acquisition of Carlstar Group LLC. ("Carlstar") Expected to Add Strategic Diversification of Customer Base, Product Line, Manufacturing and Distribution WEST CHICAGO, Ill.
Titan International, Inc. Acquires Carlstar Group LLC
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...
Titan International, Inc. to Issue Fourth Quarter 2023 Financial Results on February 29, 2024; Earnings Call Remains Unchanged
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...
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