Welcome to our dedicated page for Titan Intl news (Ticker: TWI), a resource for investors and traders seeking the latest updates and insights on Titan Intl stock.
Titan International, Inc. (NYSE: TWI) is described in its public communications as a global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products serving agricultural, earthmoving/construction, and consumer markets. The news flow around TWI provides insight into how this farm machinery and equipment manufacturing company manages its operations, strategy, and capital allocation over time.
Visitors to this page can review news items such as quarterly earnings releases, conference participation announcements, strategic partnerships, licensing developments, and leadership changes. Recent releases include detailed discussions of first, second, and third quarter financial performance, where management comments on demand trends across agricultural, earthmoving/construction, and consumer segments, as well as the relative contribution of OEM and aftermarket channels.
Company news also highlights strategic moves, including an expanded Goodyear brand licensing agreement across several tire segments and the renewal of Goodyear Farm Tires licensing rights, as well as a strategic partnership with Brazilian wheel manufacturer Rodaros Industria de Rodas Ltda. These updates illustrate how Titan seeks to broaden its product portfolio and reach in key markets such as Brazil and the broader Americas.
In addition, Titan issues news about investor events, such as teleconferences, webcasts, and participation in industry and investor conferences, along with communications from leadership and the Board of Directors. Executive leadership transitions, including the creation of a Chief Transformation Officer role and changes in finance leadership, are also disclosed through press releases. This page brings together such updates so that readers can follow how Titan’s management describes its business, strategic priorities, and market conditions over time.
Titan International, Inc. (NYSE: TWI) has clarified its separation from Goodyear Tire & Rubber Company's diversity training controversy. CEO Paul Reitz emphasized that Titan, which has licensing rights to Goodyear Farm Tires, operates independently. Titan is a staunch advocate for U.S. manufacturing and has defended American jobs through legal action, notably achieving a favorable ruling against unfair tire trade practices. The company continues to support critical industries during the COVID-19 pandemic and employs over 2,100 workers across several states.
Titan International, Inc. (TWI) reported Q2 2020 net sales of $286.1 million, a 26.7% decline from $390.6 million in Q2 2019. The company experienced a net loss of $5.0 million, improving from a loss of $7.1 million in the prior year. For H1 2020, net sales totaled $627.6 million, down 21.6% compared to $801.0 million in H1 2019, with a net loss of $30.5 million. Plant shutdowns due to COVID-19 impacted sales, especially in the earthmoving/construction segment. Titan's liquidity improved, increasing cash reserves by nearly $20 million, aided by non-core asset sales generating over $37 million in liquidity.
Titan International announces that John Deere's 8R-Series MFWD tractors can now be ordered with Goodyear Super Single Low Sidewall (LSW) Technology tires for model year 2021. This new setup features LSW1000/40R32 fronts and LSW1100/45R46 rears, offering a 53% improvement in total contact area compared to traditional dual setups, enhancing flotation and reducing soil compaction. Additionally, Goodyear Farm Tires now come with a 10-year warranty, including a 2-year no-cost replacement and a field hazard protection plan.
Titan International, Inc. will announce its second quarter 2020 financial results on August 6, 2020, with a teleconference and webcast scheduled at 9:00 a.m. Eastern Time. Investors can access a live audio of the event through the company’s website, ensuring they join at least 15 minutes prior to the start. A replay will also be available shortly after the event. Titan International, a leading manufacturer of off-highway wheels and tires, produces products for agriculture and construction markets. For more information, visit www.titan-intl.com.