Titan International, Inc. Reports Second Quarter Financial Results

Rhea-AI Summary

Titan International (NYSE: TWI) reported Q2 2026 revenues of $484 million, up 5.2% year over year, with gross margin improving to 15.5%. Adjusted EBITDA rose 13.3% to $34 million, and free cash flow reached $26 million, reflecting working capital gains.

According to Titan, the Consumer segment grew 27%, while the EMC segment increased 1.4% and the Ag segment declined 5% amid lower farm incomes and higher financing costs. Management highlighted diversified end-markets, with each segment contributing roughly 30–40% of quarterly revenue.

For Q3 2026, Titan expects sales of $440–$460 million and Adjusted EBITDA of $27–$33 million, and it maintained full-year 2026 guidance of $1.85–$1.95 billion in sales and $105–$115 million in Adjusted EBITDA.

Positive

• Q2 2026 revenue up 5.2% to $484 million
• Gross margin improved to 15.5% in Q2 2026
• Adjusted EBITDA grew 13.3% to $34 million
• Free cash flow of $26 million generated in Q2 2026
• Consumer segment revenue up 27% year over year
• Full-year 2026 sales guidance maintained at $1.85–$1.95 billion
• Full-year 2026 Adjusted EBITDA guidance maintained at $105–$115 million

Negative

• Ag segment sales declined 5% in Q2 2026
• Q3 2026 sales outlook of $440–$460 million, below Q2 revenue level
• Management notes macro uncertainty across several global end markets

News Explained

For the Q2 results disclosure, the latest supplied balance-sheet context shows March 31, 2026 cash and equivalents of $171,262,000 against a quarterly operating cash outflow of $46,526,000; on the supplied historical basis, that cash equals 331.3 days of the last reported operating cash use.

Sources and calculations

• Titan International second-quarter 2026 results release (2026-07-30)
• Titan International first-quarter 2026 financial data (2026-03-31)

• Cash and equivalents vs quarterly operating cash outflow, in days of cash use $171,262,000 / ($46,526,000 / 90) = [object Object]

Market Reaction – TWI

-6.86% $7.13

15m delay

-6.86% Vs previous close

$7.13 Last Price

$7.05 $7.59 Day Range

$494.02M Market Cap

0.1x Rel. Volume

Following this news, TWI has declined 6.86%, reflecting a notable negative market reaction. Our momentum scanner has triggered 2 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $7.13.

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Market Context

The tag-matched earnings set recorded an average 24-hour move of -5.89%. That history adds context t...

Analysis

The tag-matched earnings set recorded an average 24-hour move of -5.89%. That history adds context to the reported quarter; investors can compare segment performance and maintained guidance, while macro uncertainty remains a stated risk.

Key Figures

Revenue: $484 million Gross Margin: 15.5% Adjusted EBITDA: $34 million +5 more

8 metrics

Revenue $484 million Q2 2026; grew 5.2%

Gross Margin 15.5% Q2 2026

Adjusted EBITDA $34 million Q2 2026; increased 13.3%

Free Cash Flow $26 million Q2 2026

Consumer Segment Growth 27% Q2 2026 versus prior-year period

Ag Segment Sales Down 5% Q2 2026; lower farm incomes and elevated financing costs

Q3 Outlook Sales $440-$460 million; Adjusted EBITDA $27-$33 million Third quarter 2026 outlook

Full-Year Guidance Sales $1.85-$1.95 billion; Adjusted EBITDA $105-$115 million Fiscal year 2026 guidance maintained

Previous Earnings Reports

5 past events · Latest: Apr 30 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 30	Q1 earnings	Positive	-4.6%	Revenue and EBITDA increased, but plant closure costs and impairment were disclosed.
Feb 26	Q4 earnings	Positive	-5.8%	Quarterly growth and improved margins accompanied full-year guidance for 2026.
Nov 06	Q3 earnings	Positive	-3.0%	Revenue, EBITDA, margins, and free cash flow improved year over year.
Jul 31	Q2 earnings	Positive	-6.7%	Revenue, margins, EBITDA, and free cash flow exceeded prior-year performance.
Feb 26	Q4 earnings	Negative	-9.3%	Revenue, margins, operating income, EBITDA, and net debt metrics deteriorated year over year.

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

Pattern Detected

Across five tag-matched earnings events, four positive or mixed releases were followed by negative 24-hour reactions, while one negative release also had a negative reaction.

Key Terms

gaap, non-gaap, adjusted ebitda, free cash flow

4 terms

gaap financial

"reconciliation of GAAP to Non-GAAP figures"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

View in glossary

non-gaap financial

"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

"Adjusted EBITDA increased 13.3% to $34 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.

free cash flow financial

"Free Cash Flows generated $26 million"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

View in glossary

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

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WEST CHICAGO, Ill., July 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 second quarter ended June 30, 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.

Q2 2026 Key Figures

• Revenues grew 5.2% to $484 million
• Gross margin improved to 15.5%
• Adjusted EBITDA increased 13.3% to $34 million
• Free Cash Flows generated $26 million

Paul Reitz, President and Chief Executive Officer, commented, "We were once again able to report solid results in the second quarter, with revenues toward the high end of our guidance range and Adjusted EBITDA that exceeded guidance.  Consumer was our best-performing segment, with 27% growth versus the prior year period as our Titan Specialty business experienced solid end customer demand.  Our EMC segment grew 1.4% in the quarter as construction end markets moderated from the stronger growth levels experienced in prior periods.  Lower farm incomes and elevated financing costs continued to impact our Ag segment, leading to sales being down 5% in the quarter.  Overall, we had a strong quarter with revenues up over 5%, higher gross margin and increased Adjusted EBITDA.  Another highlight of the quarter was our free cash flow performance of $26 million, reflecting strong working capital improvement."

Mr. Reitz continued, "Over the past several years we have made significant progress in diversifying our business, with our three reporting segments each accounting for between 30% and 40% of our revenues in the quarter. Those segments are organized by end market, resulting in valuable diversification that supports continued, solid financial results even as conditions vary across these end markets.  Underpinning our customer relationships is a broad portfolio of products, strategically positioned global plants, and a one-stop shop distribution channel, all supported by our phenomenal One Titan team, which in combination allows us to be strategic in how we support our customers." 

Mr. Reitz concluded, "At the macro level, many global industries remain challenged by significant uncertainty, including some of the markets we serve.  Against that backdrop Titan continues to succeed, delivering solid financial performance with year-over-year growth.  That is an achievement we are proud of and a testament to both our strategic plan and how we operate our business on a daily basis."

Third Quarter and Fiscal Year 2026 Outlook

Tony Eheli, Chief Financial Officer added, "We currently expect third quarter sales of between $440 million and $460 million, and Adjusted EBITDA of between $27 million and $33 million. We are also maintaining our previously communicated full-year guidance of sales between $1.85 and $1.95 billion and Adjusted EBITDA of between $105 million and $115 million."

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 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/titan-international-inc-reports-second-quarter-financial-results-302838276.html

SOURCE Titan International, Inc.

FAQ

How did Titan International (NYSE: TWI) perform in Q2 2026?

Titan International reported Q2 2026 revenue of $484 million, up 5.2% year over year. According to Titan, gross margin reached 15.5%, Adjusted EBITDA increased 13.3% to $34 million, and free cash flow totaled $26 million for the quarter.

What were Titan International’s key segment results in Q2 2026?

In Q2 2026, Titan’s Consumer segment grew revenue by 27%, and its EMC segment increased 1.4%. According to Titan, the Ag segment declined 5%, pressured by lower farm incomes and elevated financing costs across its agricultural end markets.

What is Titan International’s Q3 2026 sales and EBITDA guidance (TWI)?

For Q3 2026, Titan expects sales between $440 million and $460 million and Adjusted EBITDA of $27 million to $33 million. According to Titan, this outlook reflects moderating construction markets and ongoing pressure in agricultural demand conditions.

What full-year 2026 guidance has Titan International (TWI) provided?

Titan is maintaining 2026 sales guidance of $1.85–$1.95 billion and Adjusted EBITDA of $105–$115 million. According to Titan, diversified end markets across Ag, EMC, and Consumer segments support its confidence in these full-year financial targets.

What drove Titan International’s free cash flow in Q2 2026?

Titan generated $26 million of free cash flow in Q2 2026, supported by working capital improvements. According to Titan, this cash performance was a key highlight of the quarter and reflects disciplined operational and financial management across its global footprint.

How diversified are Titan International’s revenue streams in 2026?

According to Titan, its three reporting segments—Ag, EMC, and Consumer—each contributed roughly 30%–40% of Q2 2026 revenue. This end-market diversification is positioned to help sustain financial results despite varying conditions across agricultural, construction, and consumer markets.

What does Titan International manufacture and which markets does it serve?

Titan International manufactures off-highway wheels, tires, assemblies, and undercarriage products for OEM and aftermarket customers. According to Titan, it serves agricultural, earthmoving/construction, and consumer markets through a global manufacturing and distribution footprint headquartered in West Chicago, Illinois.