Titan International (TWI)
Manufactures wheels, tires, and undercarriage systems for farm, construction, and specialty vehicles.
$7.38
vs last close−0.11 (−1.47%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 402 | 390 | 482 | 532 | 448 | 384 | 491 | 461 | 466 | 410 | 505 | 485 |
| Cost of revenue | 336 | 332 | 405 | 452 | 389 | 342 | 422 | 392 | 399 | 369 | 434 | 410 |
| Gross profit | 66 | 58 | 77 | 80 | 59 | 41 | 69 | 69 | 68 | 41 | 71 | 75 |
| 39 | 38 | 52 | 58 | 56 | 58 | 57 | 59 | 58 | 52 | 60 | 62 | |
| Research & development | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 4 | 5 | 5 | 5 | 5 |
| 34 | 32 | 39 | 52 | 50 | 51 | 50 | 52 | 53 | 49 | 52 | 53 | |
| Selling & marketing | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & administrative | 0 | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other expenses | 2 | 2 | 9 | 2 | 2 | 2 | 2 | 2 | 0 | −1 | 2 | 3 |
| Operating income | 27 | 21 | 25 | 22 | 3 | −17 | 12 | 10 | 10 | −11 | 11 | 13 |
| −3 | −24 | −5 | −3 | −8 | −8 | −8 | −9 | −11 | −4 | −31 | −7 | |
| Interest income | 3 | 0 | 0 | 0 | 3 | 3 | 2 | 2 | 3 | 3 | 2 | 2 |
| Interest expense | 7 | 3 | 5 | 7 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 10 |
| Other non-operating income | −5 | 22 | −3 | −4 | −1 | −1 | −2 | −1 | 1 | 1 | 21 | −3 |
| Income before tax | 24 | −4 | 20 | 19 | −5 | −25 | 4 | 1 | −1 | −15 | −20 | 6 |
| Income tax expense | 5 | −2 | 10 | 15 | 13 | −26 | 4 | 5 | 1 | 40 | 5 | 0 |
| Net income from continuing operations | 20 | −1 | 10 | 3 | −18 | 1 | 0 | −4 | −2 | −55 | −24 | 6 |
| Net income | 19 | −3 | 9 | 2 | −18 | 1 | −1 | −5 | −2 | −56 | −24 | 6 |
| EPS, basic | $0.31 | −$0.04 | $0.14 | $0.03 | −$0.25 | $0.02 | −$0.01 | −$0.07 | −$0.04 | −$0.88 | −$0.38 | $0.09 |
| EPS, diluted | $0.31 | −$0.04 | $0.14 | $0.03 | −$0.25 | $0.02 | −$0.01 | −$0.07 | −$0.04 | −$0.88 | −$0.38 | $0.09 |
| Weighted average shares, basic | 63 | 61 | 65 | 73 | 72 | 65 | 63 | 63 | 64 | 64 | 64 | 64 |
| Weighted average shares, diluted | 63 | 61 | 66 | 73 | 72 | 66 | 63 | 63 | 64 | 64 | 64 | 65 |
| EBITDA | 42 | 10 | 40 | 41 | 16 | 5 | 30 | 27 | 25 | 6 | 7 | 16 |
| Depreciation & amortization | 10 | 11 | 12 | 15 | 13 | 21 | 16 | 17 | 17 | 18 | 17 | 0 |
| EBIT | 32 | −1 | 28 | 26 | 4 | −16 | 14 | 11 | 8 | −12 | −10 | 16 |