Titan International Inc
F:TZ4

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Titan International Inc Logo
Titan International Inc
F:TZ4
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Price: 6.1 EUR 2.52% Market Closed
Market Cap: €440.3m

Titan International Inc
Investor Relations

Titan International makes large specialty tires and wheels for equipment that works away from paved roads. Its products go on tractors, combines, construction machines, mining trucks, and other heavy vehicles that need durable traction and load support. The company also supplies replacement tires and wheels, which gives it a steady after-sales business alongside original equipment sales. Titan sells mainly to equipment manufacturers, farm and construction dealers, and end users that run fleets of off-road machines. It makes money by manufacturing and selling tires, wheels, and related parts, with prices tied to the size, type, and technical demands of each product. Because these tires are built for tough industrial jobs rather than everyday driving, Titan sits in a specialized corner of the tire market where performance, fit, and durability matter more than mass-market branding. What makes the business different is that it serves a narrow, practical need in the machinery supply chain. Customers buy Titan’s products because the wrong tire can slow down a harvest, a mine, or a construction site, so reliability matters a lot. That gives the company a role as a critical supplier to the off-highway equipment industry rather than a consumer tire brand.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 30, 2026
AI Summary
Q1 2026

Solid start: Titan said Q1 revenue and adjusted EBITDA came in near the high end of guidance, with sales up 2.9% year over year and adjusted EBITDA at $31 million.

Ag remains weak: Agriculture is still in a down cycle, but management said conditions may be bottoming, with used equipment inventories easing and farmer sentiment gradually improving.

Europe stands out: Titan highlighted stronger-than-usual demand and new business wins in Europe, especially in wheels, helped by its integrated supply chain and local footprint.

Q2 pressure: Titan guided for a roughly $3 million operating margin headwind in Q2 from the Iran conflict and timing lags between cost increases and price pass-through.

Full-year outlook steady: Full-year 2026 guidance was unchanged, with management expecting modest improvement versus 2025 and some benefit from increased customer activity in Q4.

Restructuring action: Titan announced the Jackson, Tennessee plant closure, with about $25 million of restructuring expense, mostly noncash, and about $5 million of annual cash savings starting next year.

Key Financials
Revenue
$471 million
Adjusted EBITDA
$31 million
Sales growth
2.9%
Gross margin
14.1%
EMC segment sales
$160 million
EMC gross margin
11.3%
Ag gross margin
12.1%
Consumer gross margin
19.9%
SG&A including R&D
$57.7 million
Operating cash used
$47 million
Capital expenditures
$13 million
Free cash flow
-$60 million
Net debt
$441 million
Leverage ratio
4.3x
Tax expense
$4.6 million
Restructuring expense
$25 million
Noncash restructuring expense
$23 million
Cash cost to close plant
$7 million
Annual cash savings
$5 million
Q2 operating margin headwind
$3 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Paul George Reitz
CEO, President & Director
No Bio Available
Mr. David A. Martin CPA
Senior VP & CFO
No Bio Available
Mr. Anthony C. Eheli
VP & Chief Accounting Officer
No Bio Available
Mr. Michael G. Troyanovich
Advisor
No Bio Available
Paul Hawkins
Senior Vice President of Aftermarket Sales & Marketing
No Bio Available
Cecilia La Manna
Chief Executive Officer of ITM Group
No Bio Available
Mr. Todd A. Shoot CPA
Senior VP & Treasurer
No Bio Available

Contacts

Address
ILLINOIS
Quincy
2701 Spruce St
Contacts
+12172286011.0
www.titan-intl.com
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