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 announced a positive business update following stockholder support for the Board's recommendations. Chairman Morry Taylor noted growing investor confidence, while CFO David Martin reported that the second quarter financial performance is exceeding expectations, with estimated sales around $2.2 billion and adjusted EBITDA between $225 million and $240 million. Additionally, the company expects to report $22 million in non-income tax credits in Brazil, which will aid debt reduction and business investments.
Titan International, Inc. (NYSE: TWI) Chairman Morry Taylor addressed shareholders concerning stock price volatility, emphasizing that TWI's recent stock movements are not tied to the company's performance. He praised CEO Paul Reitz for robust production growth, stating that TWI's order books are full through 2022 and 2023 due to high prices for agricultural commodities. TWI anticipates over $200 million in adjusted EBITDA for 2022. Despite rising steel costs, TWI is managing supply effectively. The agriculture sector's strong demand is expected to benefit TWI significantly.
Titan International, Inc. (NYSE: TWI) reported a strong Q1 2022, with net sales reaching $556.0 million, a 37.8% increase year-over-year, marking the highest quarterly sales since Q2 2013. Gross margin stood at 15.6%, while adjusted EBITDA rose to $56.8 million. The Company anticipates full-year net sales exceeding $2.1 billion with adjusted EBITDA around $200 million. The notable growth is attributed to rising commodity prices and robust demand in agriculture and construction segments.
Titan International, Inc. will release its first quarter 2022 financial results on May 3, 2022, at 9:00 a.m. Eastern Time. Following the release, a teleconference and webcast will provide real-time updates and a live Q&A session. Interested participants can access the webcast through the provided link or on the company's website. For those wishing to join the teleconference, specific dial-in numbers and an access code are provided. Titan International is a leading global manufacturer of off-highway wheels and tires.
Titan International, Inc. (NYSE: TWI) announced the sale of its Australian wheel business to OTR Tyres for approximately A$23 million. The deal, closing on March 31, 2022, includes the assumption of liabilities and is expected to enhance Titan's financial position by allowing debt repayment and advisory fees. CEO Paul Reitz stated the sale aligns with long-term business strategies, indicating minimal impact on tire sales. The commitment to the undercarriage business in Australia remains intact, with a focus on sustainable growth for the future.
Titan International (NYSE: TWI) has announced a three-year agreement with CNH Industrial (NYSE: CNHI) to supply farm wheels and tires, which is valued at approximately $400 million. This contract will involve manufacturing in Titan's North America, South America, and European plants. CEO Paul Reitz emphasized the significance of the long-standing relationship between Titan and CNH, highlighting the intention to deliver innovative products for diverse applications globally.
Titan International reported strong financial results for Q4 and year-end 2021, with net sales reaching $487.7 million, a 49.2% increase from the prior year. The company's adjusted EBITDA for the year was $135 million, nearly 2.5 times that of 2020. Key drivers included high agricultural commodity prices and strong demand in off-highway segments. Despite challenges such as raw material pricing and global uncertainties, Titan maintains a positive outlook for 2022, targeting over $2 billion in revenue and adjusted EBITDA of $175 million.
Titan International, Inc. (NYSE: TWI) will announce its fourth quarter 2021 financial results on March 3, 2022, at 9:00 a.m. Eastern Time. The announcement will be followed by a teleconference and webcast, available on the company's website. Participants can join via various dial-in numbers, with a specific access code. Following the event, a webcast replay will be accessible.
Titan International is a global manufacturer specializing in off-highway wheels, tires, and related products for agricultural, construction, and consumer markets.
Titan International, Inc. (NYSE: TWI) Chairman Morry Taylor provided insights on the U.S. agricultural market's positive outlook for Titan's business. He emphasized that the rising prices of key crops like corn and soybeans suggest increased demand for agricultural equipment. Titan's new agreement with Kubota signifies potential growth, particularly through LSW tires that enhance crop yields. Taylor predicts strong earnings in early March and expects market conditions to favor Titan well into 2024. The infrastructure bill may further benefit the company, enhancing its growth trajectory.
Titan International (NYSE: TWI) has signed an exclusivity agreement with Kubota Tractor Corporation for its new Trac Loader II tires designed for compact and utility tractors. This marks Titan's inaugural OEM branded tire product and strengthens their ongoing partnership, previously seen with the Goodyear R14T crossover tires. The Trac Loader II promises robust performance, showcasing enhanced stability and durability, which was validated through extensive testing by Kubota. Both companies anticipate that this collaboration will deliver significant value for customers in various applications.