TWI
Titan International, Inc.8.25
+0.05+0.61%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
EMC leads; ag flattish in Q&A.
Q&A sharpened 2026 guidance, pegging EMC to lead growth on European infra and US light construction while ag stays flattish—small equipment up, large lagging—with consumer improving modestly. Management expects ag pickup in H2 per OEMs, Brazil JV building wheel-tire momentum despite election jitters, and consumer margins rebounding via R&D after Q4's lumpy rubber mixing dip. R&D drives 15% of sales from recent launches like forestry wheels and airless rivals. Tariffs muddle raw input costs, hard to quantify amid workarounds. EMC handles surges nimbly. Guarded tone holds; watch ag H2 traction.
Key Stats
Market Cap
527.60MP/E (TTM)
-Basic EPS (TTM)
-0.10Dividend Yield
0%Recent Filings
10-K
FY2025 results
Titan's FY2025 net sales dipped 0.9% y/y to $1.83B, with ag down 6% to $741M and earthmoving flat at $582M, yet consumer surged 6.7% to $506M thanks to the February 2024 Titan Specialty acquisition and two extra months' impact. Gross margins slipped to 13.9% from lower volumes and input inflation, driving operating income down 37% to $21M; Q4 sales jumped $27M y/y amid proactive inventory builds for 2026 demand. Operating cash flow fell to $30M but cash hit $203M, with $36M revolver availability and capex at $55M. No 2026 guidance disclosed. Cyclical ag demand threatens quarterly momentum.
8-K
Q4 revenues up 7%, outlook solid
Titan International reported Q4 2025 revenues up 7% to $410 million, with gross margin at 10.9% and adjusted EBITDA rising 18% to $11 million, fueled by 21% EMC segment growth. EMC margins expanded 3.4 points; Ag flat ex-FX. Q1 2026 sales eyed at $490-510 million; full-year revenue $1.85-1.95 billion. $40 million tax valuation allowance hit net loss.
8-K
Director Marvin resigns
Titan International director Kim Marvin resigned from the board effective February 9, 2026, citing time constraints after 24 months of service. No disagreements with management; the company plans no replacement. Marvin offered operational continuity post-Carlstar acquisition through engineering and transactional expertise. Board shrinks amid steady leadership.
8-K
Exec leadership reshuffle announced
Titan International shuffled its finance leadership on December 3, 2025, effective December 4: CFO David Martin shifts to new SVP & Chief Transformation Officer role, targeting AI acceleration and operational agility; VP & CAO Anthony Eheli steps up to SVP & CFO; Corporate Controller James Pach becomes VP & CAO. Salaries hold steady for Martin at $436,000, set Eheli at $370,000, Pach at $275,000. These moves boost strategic bandwidth.
8-K
Q3 revenues up 4%, EBITDA $30M
Titan International reported Q3 2025 revenues up 4% to $466M, with gross margin expanding to 15.2% and adjusted EBITDA rising to $30M, fueled by Ag and earthmoving growth despite consumer softness from tariffs. Free cash flow hit $30M, trimming net debt slightly. Q4 sales guidance: $385M-$410M, adjusted EBITDA ~$10M.
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