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. Reports Second Quarter Financial Performance
Delivers consistent profitability with EPS of $0.48, adjusted EPS of $0.43 and adjusted EBITDA of $59 million Continues to drive strong operating cash flow and free cash flow of $65 million and $49 million, respectively Company provides full year 2023...
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Titan International, Inc. to Announce Second Quarter 2023 Financial Results on August 2
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...
Ernst & Young Announces Paul Reitz of Titan as Entrepreneur Of The Year® 2023 Midwest Award Winner
Entrepreneur Of The Year celebrates ambitious entrepreneurs who are building a better world CHICAGO, June 26, 2023 /PRNewswire/ -- Ernst & Young LLP (EY US) today announced that Paul Reitz, CEO of Titan International, Inc. — maker of Titan Tires,...
Titan International: Shares Have Gotten Cheap Enough At Last
Titan International, a producer and seller of wheel, tire, and undercarriage industrial equipment, has become an attractive investment opportunity due to improved financial performance and a decline in the company's share price. The company's bottom line performance has continued to...
EY Names Paul Reitz of Titan as Entrepreneur Of The Year® 2023 Award Finalist
Entrepreneur Of The Year celebrates ambitious entrepreneurs who are building bolder futures CHICAGO , May 11, 2023 /PRNewswire/ -- Ernst & Young LLP (EY US) today announced that Paul Reitz, CEO of Titan International, Inc. — maker of Titan Tires,...
Titan International, Inc. (TWI) Q1 2023 Earnings Call Transcript
Titan International, Inc. (NYSE:TWI ) Q1 2023 Results Conference Call May 4, 2023 9:00 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) Beats Q1 Earnings Estimates
Titan International (TWI) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.44 per share a year ago.
Titan International, Inc. Reports First Quarter Financial Performance
Continued strong profitability with EPS of $0.50 and adjusted EPS of $0.53, increases of 35% and 20%, year-over-year respectively Adjusted EBITDA of $68 million, up 19% and highest first quarter performance since 2013 WEST CHICAGO, Ill. , May 3, 2023...
Titan International: Undervalued Stock With Strong Financials
TWI posted solid FY22 and Q4 FY22 results. Their sales and income grew significantly in FY22. The management has provided optimistic revenue guidance for FY23.
Source: https://incomestatements.info
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