See more : ScION Tech Growth II (SCOBW) 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 |
Should Value Investors Buy Titan International (TWI) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
TITAN INTERNATIONAL, INC. TO PARTICIPATE IN SEPTEMBER INVESTOR CONFERENCES
WEST CHICAGO, Ill. , Sept. 12, 2023 /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 following investor...
Titan International: Additional Upside Is On The Table
Titan International's fundamental performance has weakened, but its shares have continued to outperform the broader market. The company's cheap valuation and potential for future growth make it an attractive investment. Despite a drop in revenue and profitability, management remains optimistic...
Titan International Seems Like A Good Deal Right Now
TWI's share price has recovered well after a sharp fall, presenting a good investment opportunity with a low p/e ratio. TWI operates in the agricultural and consumer markets, specializing in tires, wheels, and undercarriage components. Despite a decrease in revenues,...
Bear of the Day: Titan International (TWI)
Earnings estimates have been contracting for both the current year and next year.
TITAN INTERNATIONAL, INC. TO PARTICIPATE IN AUGUST INVESTOR CONFERENCES
WEST CHICAGO, Ill. , Aug. 14, 2023 /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 two investor conferences...
A Bargain Hunter's Dream: 7 Must-Own Stocks Under $20
Given that buying a basket of securities listed on the S&P 500 index can get you about 17% returns so far this year, the concept of must-own stocks under $20 naturally piques investors' interest. With so many names flying high,...
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Titan International, Inc. (TWI) Q2 2023 Earnings Call Transcript
Titan International, Inc. (NYSE:TWI ) Q2 2023 Earnings Conference Call August 3, 2023 9:30 AM ET Company Participants Alan Snyder - Vice President, Financial Planning and Analysis Paul Reitz - President and Chief Executive Officer David Martin - Senior Vice...
Titan International (TWI) Matches Q2 Earnings Estimates
Titan International (TWI) came out with quarterly earnings of $0.43 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.79 per share a year ago.
Source: https://incomestatements.info
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