Titan Intl: Q2 Earnings Insights

Shares of Titan Intl TWI were unchanged after the company reported Q2 results.

Quarterly Results

Earnings per share rose 375.00% year over year to $0.22, which beat the estimate of $0.15.

Revenue of $438,639,000 rose by 53.30% from the same period last year, which beat the estimate of $395,200,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jul 29, 2021

Time: 09:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.titan-intl.com%2F&eventid=3192861&sessionid=1&key=6367491857D3E2B8BB60A93D3E7C4C8F&regTag=&V2=false&sourcepage=register

Technicals

Company's 52-week high was at $11.82

52-week low: $1.43

Price action over last quarter: down 31.27%

Company Profile

Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Brazil and other countries. Titan derives most of the revenue from Agricultural segment in which rims, wheels, tires and undercarriage systems and components are manufactured for use on various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan's own distribution centers.