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Titan expands warranty coverage on construction, OTR tires
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DES MOINES, Iowa Titan International Inc. has enhanced the warranty policy on its construction and select small OTR tires in both the Titan and Goodyear farm tire brands.
The warranty coverage now includes:
Titan small OTR bias and radial tires. The warranty has been extended to six years from four and now comes with one year of free replacement for tires with less than 10% wear (mounting and service charges apply). This includes 24- and 25-inch E-2/G-2/L-2, E-3/L-3 and E-7 tires for motor graders and wheel loaders. Small OTR lines include select small MXL, TGD2, Super Rigger, Lift Rigger, Motor Grader HD, Super Grader, Loader Grader III, Loader Dozer II and Super Sand Flotation tire lines.
Titan reports strong Q1 recovery
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QUINCY, Ill. Titan International Inc. reported a strong recovery in the quarter ended March 31 pre-tax operating income nearly tripled on 18.2% higher sales but the Quincy-based producer of agricultural/forestry and OTR tires and wheels declined to offer a forecast for the full fiscal year.
Titan reported adjusted EBITDA of $26.3 million, versus $9.3 million a year ago, on sales of $403.5 million, thereby raising the operating ratio four points to 6.6%.
Titan President Paul Reitz said the result, which was on the high side of the firm s first-quarter outlook, is Titan s strongest quarter since the first half of 2018.
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