Titan International, Inc. Reports First Quarter Financial Results
Titan International reported Q1 revenue of $505 million, up 2.9% year-over-year, with gross margin improving to 14.1% and Adjusted EBITDA rising to $31 million. The company maintained its full-year sales guidance of $1.85 billion to $1.95 billion and Adjusted EBITDA of $105 million to $115 million, while projecting Q2 sales of $470 million to $490 million.
Key figures
- Revenue
- 505000000
- Guidance
- Q2 sales $470M-$490M, Adj EBITDA $25M-$30M; FY sales $1.85B-$1.95B, Adj EBITDA $105M-$115M
- Revenue Yoy
- 2.9%
- Gross margin
- 14.1%
- Adjusted ebitda
- 31000000
- Impairment charges
- 23000000
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