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Titan International, Inc. - TWI STOCK NEWS

Welcome to our dedicated page for Titan International news (Ticker: TWI), a resource for investors and traders seeking the latest updates and insights on Titan International stock.

Titan International, Inc. (NYSE: TWI), headquartered in West Chicago, Illinois, is a premier global manufacturer specializing in off-highway wheels, tires, assemblies, and undercarriage products. The company operates through three distinct segments: Agricultural, Earthmoving/Construction, and Consumer. Titan leads the market with its renowned Titan and Goodyear farm tire brands, offering a wide range of products for various off-the-road equipment. The company's manufacturing and distribution network spans across the United States, Europe/CIS, Latin America, and other international regions, catering to original equipment manufacturers (OEMs) and aftermarket customers through independent distributors and Titan's own distribution centers.

Titan's Agricultural segment, contributing the majority of its revenue, produces essential equipment such as tractors, combines, and irrigation systems, sold both directly to OEMs and the aftermarket. Noteworthy advancements like the Low Sidewall (LSW) technology demonstrate Titan's commitment to innovation, providing enhanced fuel efficiency and yield gains for farmers. Additionally, Titan’s Earthmoving/Construction segment supports infrastructure through durable wheels and undercarriage products for construction and mining equipment. Meanwhile, the Consumer segment caters to light utility vehicles, outdoor power equipment, and power sports.

In recent developments, Titan reported robust financial results for the third quarter of 2023, with net sales of $401.8 million. Despite challenges like inventory destocking and economic softness in Brazil, Titan achieved a gross profit of $66.1 million by focusing on operational efficiencies and cost reductions. Looking forward, Titan's strategic acquisition of Carlstar Group is set to diversify its product portfolio and enhance distribution capabilities, further solidifying its position in the market.

Titan promotes a culture of innovation and excellence, supported by its skilled workforce and commitment to a drug-free and equal-opportunity work environment. The company's forward-looking strategies, including potential M&A opportunities, continuous product development, and a strong balance sheet, position it well for sustained growth and shareholder value creation. For more information, visit www.titan-intl.com.

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Titan International will release its Q2 2024 financial results on July 31, 2024, after market close. A teleconference and webcast will follow on August 1 at 9:00 a.m. ET. The webcast will be available at https://events.q4inc.com/attendee/651060873 and on Titan's website under 'Investor Relations' > 'News & Events.'

For real-time teleconference participation, use the toll-free number 1 833 470 1428 (US) or the global numbers provided, with access code 548553. A replay will be accessible via 1 866 813 9403 with access code 676364. Titan International manufactures off-highway wheels, tires, and undercarriage products and serves OEMs and aftermarket customers globally.

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Titan International (NYSE: TWI) announced its participation in the Wells Fargo Industrials Conference in Chicago, IL. CEO Paul Reitz will be involved in a fireside chat and one-on-one investor meetings on June 11, 2024, at 4:45 PM ET. The event will be live-streamed, with a replay available on Titan's Investor Relations website. As a global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, Titan serves OEM and aftermarket customers across agricultural, earthmoving/construction, and consumer markets. For more details, visit www.titan-intl.com.

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Titan International (NYSE: TWI) announced that its board of directors plans to discuss with its largest shareholder, American Industrial Partners (AIP), a potential amendment to their Stockholder Agreement. This amendment would allow AIP to increase its ownership of TWI common stock through open market purchases. AIP currently owns approximately 16.4% of TWI's outstanding shares, acquired through TWI's purchase of Carlstar Group in February 2024.

The Stockholder Agreement includes a standstill agreement, a voting agreement requiring AIP to follow the board's recommendations until the 2025 shareholders meeting, and a lock-up agreement restricting the disposal of TWI stock for a certain period. Maurice N. Taylor Jr., Chairman of TWI's Board, emphasized the board's commitment to growing shareholder value and expressed appreciation for AIP's support.

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Titan International, Inc. reported strong financial performance in Q1 2024, with adjusted EBITDA of $50 million and adjusted EPS of $0.29. The integration of Carlstar Group enhances Titan's 'One Stop Shop' positioning in Ag and Consumer segments for long-term growth. Despite challenging market conditions, Titan remains optimistic about its future earnings power and free cash flow, with a focus on building shareholder value.

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Titan International, Inc. will release its first quarter 2024 financial results on May 1, 2024, followed by a teleconference on May 2, 2024. The webcast and teleconference details are provided for easy access to investors and analysts.
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Titan International, Inc. (TWI) reported strong FY 2023 results with buoyant margins and record Free Cash Flow. The transformative acquisition of Carlstar Group LLC is expected to bring strategic diversification. Despite reduced demand in 2023 due to excess inventory, Titan achieved slightly higher gross margins and $119 million in Free Cash Flow.
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Titan International, Inc. (NYSE: TWI) acquires Carlstar Group LLC for approximately $296 million, enhancing its product portfolio and distribution channels. The acquisition is expected to be immediately accretive to earnings per share and operating margins in 2024. Carlstar, a global manufacturer and distributor of specialty tires and wheels, brings new customer relationships, diversification, and manufacturing facilities to Titan.
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Titan International, Inc. to release Q4 2023 financial results on February 29, 2024, with a teleconference and webcast. Access details provided for investors and analysts.
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Titan International, Inc. will release its fourth quarter 2023 financial results on February 28, 2024, followed by a teleconference and webcast on February 29, 2024. The real-time webcast and teleconference details are provided for easy access, ensuring participants can engage in live Q&A sessions and access replays.
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Titan International, Inc. (NYSE: TWI) announced their participation in investor conferences in November, including the Three Part Advisors Midwest IDEAS Conference and the Bank of America Leveraged Finance Conference. CEO Paul Reitz and CFO David Martin will be presenting and participating in 1 on 1 investor meetings. Replays of the presentations will be available on Titan's Investor Relations website.
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FAQ

What does Titan International, Inc. (NYSE: TWI) primarily manufacture?

Titan International, Inc. manufactures wheels, tires, wheel and tire assemblies, and undercarriage systems for off-highway vehicles, including agricultural, construction, and consumer markets.

What are Titan's main market segments?

Titan's main market segments include Agricultural, Earthmoving/Construction, and Consumer markets.

What brands does Titan International, Inc. lead?

Titan International, Inc. leads the Titan and Goodyear farm tire brands, offering a wide range of products for off-the-road equipment.

How did Titan perform financially in the third quarter of 2023?

In Q3 2023, Titan reported net sales of $401.8 million and a gross profit of $66.1 million, demonstrating strong operational efficiency despite market challenges.

What is Titan's latest strategic acquisition?

Titan recently acquired Carlstar Group LLC, a move aimed at diversifying its product portfolio and enhancing its global distribution capabilities.

How does Titan promote innovation in its products?

Titan promotes innovation through advanced technologies like the Low Sidewall (LSW) tires, which offer significant fuel efficiency and yield gains for agricultural equipment.

What regions does Titan operate in?

Titan operates in the United States, Europe/CIS, Latin America, and other international regions.

How does Titan support career development?

Titan builds careers for individuals committed to excellence and innovation, offering a drug-free and equal-opportunity work environment.

What is Titan's approach to financial management?

Titan focuses on maintaining a strong balance sheet, operational efficiencies, and exploring strategic M&A opportunities to drive growth and shareholder value.

Where can I find more information about Titan International, Inc.?

For more information about Titan International, Inc., visit their official website at www.titan-intl.com.

Titan International, Inc.

NYSE:TWI

TWI Rankings

TWI Stock Data

496.98M
72.87M
4.82%
90.36%
3.46%
Farm Machinery and Equipment Manufacturing
Manufacturing
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United States of America
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