Earnings Releases·Oct 28, 2026, 6:23 PM ET

Titan International, Inc. — Third Quarter 2026 Earnings Summary

Reported Q3 2026 revenues of $335.2 million (excluding discontinued operations), a 6.2% year-over-year decline, with adjusted net loss of $1.8 million ($0.03/share) versus adjusted net income of $2.6 million ($0.04/share) in the prior year; free cash flow from continuing operations improved to $23.3 million from $10.9 million.
Updated Q4 guidance to sales of $410–$430 million and Adjusted EBITDA of break-even to $7 million, while maintaining full-year 2026 sales guidance of $1.85–$1.87 billion and Adjusted EBITDA guidance of $91–$101 million.
Announced agreement to sell the Italtractor (ITM) undercarriage business to USCO S.p.A. for closing in early January 2027, with proceeds designated for debt reduction and growth of global wheel and tire operations.
Segment performance varied: Agricultural sales fell 11.7% due to reduced farm income, Consumer sales dipped 3.3% (offset by $3.5M tariff refunds), while Earthmoving/Construction sales rose 5.0% driven by European volume growth and market share gains.
Net debt increased to $393.4 million at quarter-end from $376.0 million at year-end 2025, while total cash and equivalents decreased to $172.8 million; management cites aging machinery fleets and low channel inventories as catalysts for anticipated demand resumption.