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) Chairman Morry Taylor released a Thanksgiving message emphasizing the company's positive outlook for the agriculture industry. He noted that TWI stock remains underperforming despite analysts' target of $25 per share. Taylor praised agricultural equipment manufacturers and highlighted strong demand due to limited equipment availability, particularly in the face of high prices for crops. He anticipates a strong Q4, building on impressive Q3 results, and dismissed recession concerns for the farming sector.
Titan International (TWI) reported strong Q3 2022 results with net sales reaching $531 million, an 18% year-over-year increase, marking the highest Q3 sales in the company's history. Adjusted EBITDA improved to $61 million, up $26 million from last year. EPS increased to $0.68/share, a remarkable $0.50/share growth. Free cash flow for the quarter was $40 million, contributing to a $96 million increase year-to-date. The company aims to finish the year at the top end of its targets, citing robust agricultural demand as a key factor for future growth.
Titan International, Inc. (NYSE: TWI) is set to release its third quarter 2022 financial results on November 7th, after market close. This will be followed by a teleconference and webcast on November 8th at 9:00 a.m. Eastern Time. Investors can listen to the event via a realtime webcast on the company's website, with a replay available after the live event. Titan International is a major manufacturer of off-highway wheels, tires, and undercarriage products serving various markets, including agricultural and construction industries.
Titan International, Inc. (NYSE: TWI) updates shareholders on Q3 performance, anticipating revenue of approximately $540 million. Despite recession concerns, demand for agricultural equipment remains strong. The company expects reduced net debt nearing $300 million by year-end, reflecting better leverage. Chairman Morry Taylor expresses optimism for 2023 and 2024, citing favorable crop conditions and ongoing OEM production increases in South America. A third-quarter earnings call is scheduled for early November.
Titan International (NYSE: TWI) Chairman Morry Taylor shared insights on the company's positive second-quarter performance, which was unexpectedly met with a 16% stock drop. Despite market volatility caused by inflation and recession fears, Taylor remains optimistic about TWI's leadership in the agricultural sector. He highlighted ongoing demand for equipment and TWI's strong results, including a projected operating cash flow of $100 million for 2022. Taylor emphasized that TWI's best days are ahead due to significant opportunities for growth.
Titan International, Inc. has launched Ultimate Flex Technology™ (UFT™) at Farm Progress 2022, aimed initially at sprayer applications. This innovative tire solution integrates conventional, Increased Flexion (IF), and Very High Flexion (VF) tire technologies, allowing farmers to easily replace any sprayer tire without compatibility concerns. UFT tires can operate at 40% lower inflation pressures, reducing soil compaction and offering customization for various applications. Initial sizes include 380/90R46 and 380/105R50, with plans for future expansions.
Titan International (NYSE: TWI) reported strong financial results for Q2 2022, with net sales of $573 million, a 30.6% year-over-year increase. The company achieved an adjusted EBITDA of $82 million and earnings per share of $1.06. Free cash flow stood at $56 million. Agricultural, construction, and consumer segments drove growth, with net sales increases of 38%, 19%, and 44% respectively. Titan anticipates full-year sales of $2.2 billion and adjusted EBITDA between $240 million and $250 million.
Titan International, Inc. (NYSE: TWI) announced it will release its second quarter 2022 financial results on August 1st, after market close. A teleconference and webcast will follow on August 2nd at 9:30 a.m. Eastern Time. Interested participants can access the webcast via Titan’s investor relations page. For real-time Q&A during the teleconference, dial-in numbers are provided, including a toll-free option for the U.S. Participants are encouraged to join at least 10 minutes early.
Titan International has launched its second annual "Flags Over Harvest" campaign, donating $5 to Farm Rescue for each flag requested by farmers. This initiative supports American farmers by encouraging the purchase of Titan and Goodyear Farm Tires. Last year, the campaign raised $4,500. The partnership with Farm Rescue aims to assist farmers affected by crises, having supported 121 families in 2021. Titan emphasizes its commitment to American agriculture and local manufacturing as it promotes this campaign.
Titan International, Inc. (NYSE: TWI) recently addressed concerns regarding its stock performance after a significant decline. Chairman Morry Taylor revealed that the CEO sold 40,000 shares under a pre-established plan, clarifying that such transactions do not indicate company weakness. Despite the dip, Taylor emphasized TWI's strong financial outlook and improved guidance for 2022. The drop in stock was attributed to broader market trends, particularly declining prices in soybean and corn. TWI has approximately 63 million shares outstanding, making the CEO's sale relatively insignificant.