National Agri-Marketing Association
NAMA Website
Upcoming Events
Chapters
Agri-Marketing Conf
Best of NAMA 2018
Member Directory












NINE MONTHS: TITAN INTERNATIONAL'S SALES DOWN 8%, REPORTS A $25 MILLION LOSS
Source: Titan International news release

To view the complete report, click here.

Quincy, IL - Titan International, Inc. (NYSE: TWI), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today reported results for the third quarter ended September 30, 2019.

Net sales for the third quarter of 2019 were $345.9 million, compared to net sales of $384.7 million for the third quarter of 2018, representing a $38.8 million, or 10.1 percent, decrease. On a constant currency basis, net sales would have been $351.6 million.

Net loss applicable to common shareholders for the third quarter of 2019 was $19.6 million, equal to $(0.33) per basic and diluted share, compared to loss of $1.8 million, equal to $(0.03) per basic and diluted share, in the third quarter of 2018. The third quarter 2019 adjusted net loss attributable to Titan was $16.9 million, equal to $(0.28) per basic and diluted share, compared to income of $2.3 million, equal to $0.04 per basic and diluted share, in the comparable prior year period.

Net sales for the first nine months of 2019 were $1,146.9 million, compared to net sales of $1,239.0 million for the first nine months of 2018, representing a $92.1 million decrease. On a constant currency basis, net sales would have been $1,194.4 million.

Net loss applicable to common shareholders for the first nine months of 2019 was $25.5 million, equal to $(0.43) per basic and diluted share, compared to income of $17.3 million, equal to $0.29 per basic and diluted share, in the first nine months of 2018. The first nine months adjusted net loss attributable to Titan was $21.3 million, equal to $(0.36) per basic and diluted share, compared to income of $28.4 million, equal to $0.47 per basic and diluted share, in the comparable prior year period.


Search News & Articles



















Proudly associated with:
American Business Media Canadian Agri-Marketing Association National Agri-Marketing Association
Agricultural Relations Council National Association of Farm Broadcasters American Agricultural Editors' Association Livestock Publications Council
All content © 2019, Henderson Communications LLC. | User Agreement