Titan International, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 06, 2021 at 04:09 am EDT
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Titan International, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 403.518 million compared to USD 341.500 million a year ago. Operating income was USD 14.231 million compared to operating loss of USD 9.603 million a year ago. Net income was USD 13.574 million compared to net loss of USD 25.486 million a year ago. Basic earnings per share from continuing operations was USD 0.22 compared to basic loss per share from continuing operations of USD 0.42 a year ago.
Titan International, Inc. is a global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products. The Company's segments include agricultural, earthmoving/construction and consumer. Its agricultural wheels, tires, and components are manufactured for use on various agricultural equipment. The earthmoving/construction segment manufactures wheels, tires, and undercarriage systems and components for various types of off-the-road (OTR) earthmoving, mining, military, construction, and forestry equipment, including skid steers and aerial lifts. The consumer segment manufactures bias truck tires in Latin America and light truck tires in Russia. The Company also offers select products for ATVs, side-by-sides, rock climbers, turf, and lawn and garden. This segment also includes custom rubber stock mixing sales to a variety of OEMs in tangential industries. It manufactures and sells certain tires under the Goodyear Farm Tire, Titan Tire and Voltyre-Prom Tire brands.
TITAN INTERNATIONAL, INC. 
