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Titan International (TWI)
:TWI
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.13Last Year’s EPS
0.34Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 02, 2018
|% Change Since: -5.16%
|Next Earnings Date:Aug 03, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed performance for Titan International. While the company demonstrated strong free cash flow management and product innovation resilience, it faced significant challenges with declining volumes and high tax rates. The outlook is cautiously optimistic, with potential growth from product innovation and synergies from Carlstar acquisition, but market conditions remain difficult due to OEM destocking and economic uncertainties.Company Guidance
During the Titan International Q3 2024 earnings call, the company provided extensive guidance on its financial performance and strategic initiatives. Revenues for the third quarter were reported at $448 million, with an adjusted EBITDA of $20 million and free cash flow of $42 million, exceeding expectations. The company is actively managing a challenging market environment, particularly in the agriculture (Ag) sector, which is experiencing one of the deepest cyclical downturns in years. Despite this, Titan has maintained robust gross margins and delivered free cash flow above guided levels. The company is optimistic about the upcoming year, planning to leverage its acquisition of Carlstar to drive synergies and growth, aiming to achieve $25 million to $30 million in cost efficiencies and commercial opportunities. Titan is also focusing on expanding its product portfolio and exploring strategic partnerships to enhance its market presence. The consumer segment showed healthier margins, attributed to a strong aftermarket business. Looking ahead to Q4 2024, Titan anticipates revenues between $375 million and $425 million, with adjusted EBITDA ranging from $0 million to $10 million, amid ongoing OEM and dealer inventory destocking. The company remains focused on managing working capital and driving cash flow, while expecting normalized tax rates in 2025.Strong Free Cash Flow Despite Challenges
Titan International reported a free cash flow of $42 million for Q3 2024, surpassing guidance levels due to effective working capital management.
Successful Product Innovations
Innovative products, such as LSW tires and VPO Technology, continue to differentiate Titan in the market, with LSW tires showing fuel savings above the predicted 10% to 15% range.
Aftermarket Business Resilience
The aftermarket business accounted for more than 45% of total revenue, with sales down only high-single digits year-to-date compared to a 25% decline in OEM sales.
Carlstar Acquisition Synergies
Synergies from the Carlstar acquisition are on track, contributing to diversification and growth opportunities in aftermarket and consumer segments.
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TWI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TWI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $7.36 | $6.44 | -12.50% |
| Jul 31, 2024 | $8.52 | $8.47 | -0.59% |
| May 01, 2024 | $11.17 | $10.45 | -6.45% |
| Feb 29, 2024 | $14.15 | $12.76 | -9.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Titan International (TWI) report earnings?
Titan International (TWI) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Titan International (TWI) earnings time?
Titan International (TWI) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TWI EPS forecast?
TWI EPS forecast for the fiscal quarter 2024 (Q4) is -0.13.
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