Q2 2025 Key Figures 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 WEST CH ...

Company Overview - Titan International, Inc. is a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products [3] - The company is headquartered in West Chicago, Illinois, and produces a broad range of products for original equipment manufacturers (OEMs) and aftermarket customers in agricultural, earthmoving/construction, and consumer markets [3] Upcoming Financial Results - Titan International will release its second quarter 2025 financial results before the market opens on Thursday, July 31, 2025 [1] - A teleconference and webcast will follow the financial results announcement on the same day at 9:00 a.m. Eastern Time [1] Access Information - The real-time, listen-only webcast can be accessed via a specific link or through the company's Investor Relations page [2] - Participants wishing to join the teleconference can dial a toll-free number in the United States or access global numbers for other locations [2]

Core Insights - Titan International, Inc. reported Q1 2025 revenues of $491 million and Adjusted EBITDA of $31 million, both at the higher end of guidance [1][2] - The company is strategically positioned to benefit from current trade policies due to its domestic production capabilities, which reduce exposure to tariffs compared to competitors reliant on overseas production [2][3] Financial Performance - Net sales for Q1 2025 were $490.7 million, up from $482.2 million in Q1 2024, primarily driven by increased sales volumes from the Titan Specialty acquisition and positive price/mix effects [4] - Gross profit for Q1 2025 was $68.6 million, representing 14.0% of net sales, down from $77.4 million or 16.0% in Q1 2024, attributed to lower sales volume impacting fixed cost leverage [5][6] - Selling, general and administrative expenses (SG&A) increased to $49.9 million, or 10.2% of net sales, compared to $39.4 million, or 8.2% in the prior year, due to recurring costs from Titan Specialty operations [7] Segment Performance - Agricultural segment net sales decreased by 17.5% to $197.7 million, with gross profit down 39.7% to $24.5 million, driven by reduced global demand for agricultural equipment [10][11] - Earthmoving/construction segment net sales fell by 13.3% to $143.3 million, with gross profit down 35.2% to $14.9 million, impacted by lower sales volume and inflationary costs [12][13] - Consumer segment net sales surged by 93.6% to $149.7 million, with gross profit increasing by 112.5% to $29.3 million, largely due to the Titan Specialty acquisition [14][15] Outlook - The company expects Q2 2025 sales between $450 million and $500 million, with Adjusted EBITDA between $25 million and $35 million, similar to Q1 results [3] - Less than 10% of total revenues are expected to have a net negative exposure to current retaliatory China tariffs, indicating minimal impact from tariffs on upcoming results [3] Financial Condition - As of March 31, 2025, total cash and cash equivalents were $174.4 million, down from $196.0 million at the end of 2024, while long-term debt increased to $571.6 million [18] - The company reported a net cash used for operating activities of $38.6 million in Q1 2025, primarily due to increased working capital [19][20] Non-GAAP Financial Measures - Adjusted EBITDA for Q1 2025 was $30.8 million, down from $49.7 million in Q1 2024, reflecting the company's operating performance [16] - Adjusted net income applicable to common shareholders was $0.7 million, or $0.01 per share, compared to $19.0 million, or $0.29 per share, in the prior year [17]

Core Insights - Titan International, Inc. has expanded its production rights for the Goodyear brand across various segments, including light construction, ATV, lawn and garden, and golf tires, while renewing its licensing rights for Goodyear Farm Tires, showcasing its commitment to the agricultural sector [1][2][3] Group 1: Expansion and Strategic Initiatives - The expansion into new segments positions Titan to better serve customers and capitalize on emerging market opportunities, with ongoing research and development for innovative tire designs in the lawn and garden segment [2] - The renewal of the Goodyear brand licensing agreement aligns with Titan's growth strategy, reinforcing its commitment to enhancing product offerings and supporting end-users, customers, and distributors across multiple regions [3] Group 2: Product Portfolio and Market Position - Titan International's product portfolio includes a wide range of offerings for sectors such as forestry, powersports, outdoor power equipment, agriculture, earthmoving, and light construction, emphasizing innovation, quality, and performance [2] - The company's strategic initiatives aim to strengthen its position as a leader in the tire industry, enhancing its comprehensive "one-stop shop" solution for tire and wheel needs [3]