See more : Zhen Ding Resources Inc. (RBTK) 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 |
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Titan International, Inc.'s (TWI) CEO Paul Reitz on Q2 2022 Results - Earnings Call Transcript
Titan International, Inc. (NYSE:TWI ) Q2 2022 Earnings Conference Call August 2, 2022 9:30 AM ET Company Participants Todd Shoot - Senior Vice President, Investor Relations and Treasurer Paul Reitz - President and CEO David Martin - Senior Vice President...
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Adjusted EBITDA - $82 million Earnings Per Share - $1.06/share (Adjusted EPS $0.79/share) Other Quarter Highlights Net sales were $573 million, a $134 million (30.6%) YoY increase, the highest quarterly sales since Q2 2013 Gross margin was 19% Free cash...
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TITAN INTERNATIONAL, INC. TO ANNOUNCE SECOND QUARTER 2022 FINANCIAL RESULTS ON AUGUST 1ST
CHICAGO , July 12, 2022 /PRNewswire/ -- Titan International, Inc. will release its second quarter 2022 financial results, after the close of the market on Monday, August 1st to be followed by a teleconference and webcast on Tuesday, August 2nd,...
Titan Kicks Off its 2022 'Flags Over Harvest' Campaign to Help American Farmers
$5 will be donated to Farm Rescue for each flag requested QUINCY, Ill. , June 30, 2022 /PRNewswire/ -- Titan International, Inc. (Titan) is excited to kick off its second annual " Flags Over Harvest " campaign to support American...
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Backed by solid demand and upbeat growth estimates, Titan International (TWI) stock is worth adding to one's portfolio.
Source: https://incomestatements.info
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