Titan International, Inc. Reports First Quarter Financial Results

Titan International (NYSE: TWI) reported Q1 2026 results for the quarter ended March 31, 2026: revenues $505 million (up 2.9%), gross margin 14.1%, and Adjusted EBITDA $31 million.

Rhea-AI Summary

Titan International (NYSE: TWI) reported Q1 2026 results for the quarter ended March 31, 2026: revenues $505 million (up 2.9%), gross margin 14.1%, and Adjusted EBITDA $31 million. Management reaffirmed full-year sales guidance of $1.85–$1.95 billion and Adjusted EBITDA of $105–$115 million. The company expects Q2 sales of $470–$490 million and Adjusted EBITDA of $25–$30 million. Titan disclosed a planned closure of its Jackson, Tennessee plant with approximately $2 million restructuring and $23 million non-cash impairment, to be completed by end of October.

Positive

• Revenues of $505 million (+2.9% YoY)
• Adjusted EBITDA improved to $31 million
• Gross margin rose to 14.1%
• Full-year guidance maintained at $1.85–$1.95 billion sales and $105–$115 million Adjusted EBITDA

Negative

• Q2 sales guide below Q1 at $470–$490 million
• Planned closure of Jackson, Tennessee plant with $23 million non-cash impairment
• Recorded $2 million restructuring expense tied to the plant closure
• Consumer segment revenue declined 1.6%

Argus Apr 30 session

-4.63% close to close Open Argus

Details

News Market Reaction – TWI

In the Apr 30 session, TWI declined 4.63%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights Q1 2026 revenue of $505 million, improved gross margin of 14.1%, and $3...

Analysis

This announcement highlights Q1 2026 revenue of $505 million, improved gross margin of 14.1%, and $31 million in Adjusted EBITDA, alongside maintained full-year guidance of $1.85–$1.95 billion in sales and $105–$115 million in Adjusted EBITDA. The Jackson, Tennessee plant closure, with $2 million in restructuring and $23 million in non-cash impairment, underscores ongoing footprint optimization. Investors may watch future margins, execution on consolidation, and segment trends in EMC, Ag, and Consumer.

Key Figures

Q1 2026 revenue: $505 million Q1 2026 gross margin: 14.1% Q1 2026 Adjusted EBITDA: $31 million +5 more

Q1 2026 revenue

$505 million

Revenues grew 2.9% year-over-year

Q1 2026 gross margin

14.1%

Quarterly gross margin level

Q1 2026 Adjusted EBITDA

$31 million

Adjusted EBITDA for the quarter

EMC segment growth

11%

Year-over-year revenue growth in EMC segment

EMC gross margin

11.3%

EMC segment gross margin in Q1 2026

Q2 2026 sales guidance

$470–$490 million

Management outlook for next quarter sales

Q2 2026 EBITDA guidance

$25–$30 million

Management outlook for next quarter Adjusted EBITDA

Impairment expense

$23 million

Non-cash impairment related to Jackson, Tennessee plant closure

Previous Earnings Reports

4 past events · Latest: Feb 26

Same Type 4 events

1. Feb 26

   Q4 2025 earnings

   24h Move

   -5.8%

   Q4 revenue, margins and EBITDA improved with 2026 guidance provided.

2. Nov 06

   Q3 2025 earnings

   24h Move

   -3.0%

   Revenues up 4% to $466M and solid EBITDA and cash flow metrics.

3. Jul 31

   Q2 2025 earnings

   24h Move

   -6.7%

   Q2 revenue $461M with 15% gross margin and $30M Adjusted EBITDA.

4. Feb 26

   Q4/FY 2024 earnings

   24h Move

   -9.3%

   Q4 net sales, margins and EBITDA declined, leading to an operating loss.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

non-gaap, adjusted ebitda, basis points, oem

4 terms

non-gaap financial

"full earnings release including a reconciliation of GAAP to Non-GAAP figures"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

adjusted ebitda financial

"Gross margin improved to 14.1% Adjusted EBITDA increased to $31 million"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

basis points financial

"Gross margin in the segment improved 90 basis points to 11.3%"

Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.

oem technical

"to meet the specifications of original equipment manufacturers (OEMs) and aftermarket"

OEM stands for Original Equipment Manufacturer, which is a company that produces parts or components used in the final products made by other companies. For investors, understanding OEMs is important because their performance can impact the supply chain and overall success of major industries, especially those relying on specialized parts. Think of OEMs as the suppliers that provide the building blocks for larger products, like the engine parts for a car.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WEST CHICAGO, Ill., April 30, 2026 /PRNewswire/ -- Titan International, Inc. (NYSE: TWI) ("Titan" or the "Company"), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today reported financial results for the first quarter ended March 31, 2026. The full earnings release including a reconciliation of GAAP to Non-GAAP figures can be found in the investor relations section of the Company's website at https://ir.titan-intl.com/news-and-events/news-releases/default.aspx.

Q1 2026 Key Figures

• Revenues grew 2.9% to $505 million
• Gross margin improved to 14.1%
• Adjusted EBITDA increased to $31 million

Paul Reitz, President and Chief Executive Officer, commented, "Our Q1 2026 results were at the high end of our expectations as our team executed well against a macro backdrop that continued to be very dynamic.  EMC was our best-performing segment, with growth over 11% versus the prior year period.  Gross margin in the segment improved 90 basis points to 11.3% as top-line growth allowed for improved fixed cost leverage.  Our Ag segment also recorded modest growth while Consumer fell by only 1.6%.  Notwithstanding the geopolitical and tariff volatility, we had a strong quarter with revenues up nearly 3% with increased gross margin and Adjusted EBITDA."

Mr. Reitz continued, "Titan is built to be resilient in market conditions such as this.  We have a diversified portfolio of products, strategically positioned global plants, and a one-stop shop distribution channel that is surrounded by a team that is highly energized for our customers.  In times like this, we help our customers remain flexible in serving their end markets.  With purchasers of equipment remaining hesitant, inventory management continues to be paramount with many OEMs and dealers working from lean positions to limit their investment in working capital.  This naturally limits their ability to be responsive to customer ordering and by working with Titan, those OEMs and dealers know they have a trusted partner that can get them the wheel, tire and undercarriage products they need quickly." 

Mr. Reitz concluded, "We continue to be hopeful that the underlying causes of the current market volatility will subside but remain resolute in knowing Titan is well-positioned however our markets unfold.  Our terrific One Titan Team is focused on producing high-quality products and serving our customers to the best of their ability on a daily basis and as we do that, I firmly believe in our continued success."

Tony Eheli, Chief Financial Officer added, "We currently expect second quarter sales to be between $470 million and $490 million with Adjusted EBITDA between $25 million and $30 million.  We are also maintaining our previously communicated full year guidance of sales between $1.85 and $1.95 billion with Adjusted EBITDA between $105 million and $115 million.

Mr. Eheli continued, "During the quarter, we announced the closure of our Jackson, Tennessee plant.  We expect to complete the closure by the end of October, and execution is on a solid pace.  With the acquisition of Carlstar, we knew we had excess manufacturing capacity in the US and identified this as a long-term synergy opportunity that would be accretive to our earnings.  This action will streamline our manufacturing footprint by improving our capacity utilization, reducing costs and improving our ability to serve our customers effectively over the long term.  We recorded approximately $2 million in restructuring and $23 million in non-cash impairment expenses related to the closure.  We are confident that we will see cash benefits next year."

About Titan

Titan International, Inc. (NYSE: TWI) is a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products.  Headquartered in West Chicago, Illinois, the Company globally produces a broad range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets. For more information, visit www.titan-intl.com.

Safe Harbor Statement

This press release contains forward-looking statements. These forward-looking statements are covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," "plan," "would," "could," "potential," "may," "will," and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. Although we believe the assumptions upon which these forward-looking statements are based are reasonable, these assumptions are subject to significant risks and uncertainties, and are subject to change based on various factors, some of which are beyond Titan International, Inc.'s control. As a result, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. The matters discussed in these forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results and trends to differ materially from those made, projected, or implied in or by the forward-looking statements depending on a variety of uncertainties or other factors including, but not limited to, the effect of the COVID-19 pandemic on our operations and financial performance; the effect of a recession on the Company and its customers and suppliers; changes in the Company's end-user markets into which the Company sells its products as a result of domestic and world economic or regulatory influences or otherwise; changes in the marketplace, including new products and pricing changes by the Company's competitors; the Company's ability to maintain satisfactory labor relations; unfavorable outcomes of legal proceedings; the Company's ability to comply with current or future regulations applicable to the Company's business and the industry in which it competes or any actions taken or orders issued by regulatory authorities; availability and price of raw materials; levels of operating efficiencies; the effects of the Company's indebtedness and its compliance with the terms thereof; changes in the interest rate environment and their effects on the Company's outstanding indebtedness; unfavorable product liability and warranty claims; actions of domestic and foreign governments, including the imposition of additional tariffs; geopolitical and economic uncertainties relating to the countries in which the Company operates or does business; risks associated with acquisitions, including difficulty in integrating operations and personnel, disruption of ongoing business, and increased expenses; results of investments; the effects of potential processes to explore various strategic transactions, including potential dispositions; fluctuations in currency translations; risks associated with environmental laws and regulations; risks relating to our manufacturing facilities, including that any of our material facilities may become inoperable; risks relating to financial reporting, internal controls, tax accounting, and information systems; and the other risks and factors detailed in the Company's periodic reports filed with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those reports. These forward-looking statements are made only as of the date hereof. The Company cautions that any forward-looking statements included in this press release are subject to a number of risks and uncertainties, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events, or for any other reason, except as required by law.

 

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SOURCE Titan International, Inc.

FAQ

What were Titan International (TWI) Q1 2026 revenues and Adjusted EBITDA?

Titan reported $505 million in Q1 2026 revenue and $31 million in Adjusted EBITDA. According to the company, revenue rose 2.9% year-over-year and adjusted EBITDA increased amid improved gross margins.

What guidance did Titan (TWI) give for Q2 2026 and full-year 2026?

Titan expects Q2 2026 sales of $470–$490 million and Adjusted EBITDA of $25–$30 million. According to the company, full-year guidance remains $1.85–$1.95 billion sales with Adjusted EBITDA $105–$115 million.

Why is Titan closing the Jackson, Tennessee plant and what are the costs?

Titan is closing the Jackson plant to streamline US capacity after the Carlstar acquisition and improve utilization. According to the company, the action incurred about $2 million restructuring and $23 million non-cash impairment.

How did Titan's segments perform in Q1 2026 (EMC, Ag, Consumer)?

EMC grew over 11% with gross margin up 90 basis points to 11.3%; Ag showed modest growth; Consumer fell 1.6%. According to the company, EMC was the best-performing segment.

What does Titan say about inventory and customer demand in Q1 2026?

Titan states equipment purchasers remained hesitant and many OEMs and dealers are keeping lean inventories. According to the company, this limits responsiveness but highlights demand for Titan's quick fulfillment capability.