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Titan International: Q1 Earnings Insights

Shares of Titan International (NYSE:TWI) rallied 13% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share fell 1000.00% over the past year to ($0.18), which were in line with the estimate of ($0.18).

Benzinga · 05/07/2020 11:12

Shares of Titan International (NYSE:TWI) rallied 13% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share fell 1000.00% over the past year to ($0.18), which were in line with the estimate of ($0.18).

Revenue of $341,500,000 less by 16.78% from the same period last year, which missed the estimate of $365,810,000.

Looking Ahead

Titan Intl hasn't issued any earnings guidance for the time being.

Titan Intl hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: May 07, 2020

Webcast URL: https://console.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.titan-intl.com%2Fnews-and-events%2Fevents%2Fdefault.aspx&eventid=2159509&sessionid=1&key=20FBE03D78AE24BE2EFF0B03938CDF01&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $5.91

Company's 52-week low was at $1.06

Price action over last quarter: down 26.47%

Company Description

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.