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Titan International, Inc. Reports Second Quarter 2021 Net Sales Up 53 Percent YoY prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Share this article Share this article QUINCY, Ill., May 6, 2021 /PRNewswire/ Titan International, Inc. (NYSE: TWI), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today reported results for the first quarter ended March 31, 2021. Net sales for the first quarter of 2021 were $403.5 million, compared to net sales of $341.5 million for the first quarter of 2020, representing a $62.0 million, or 18.2 percent, increase. On a constant currency basis, net sales for the first quarter 2021 would have been $409.3 million. Net income applicable to common shareholders for the first quarter of 2021 was $13.6 million, equal to income of $0.22 per basic and diluted share, compared to a loss of $25.5 million, equal to a loss of $0.42 per basic and diluted share, in the first quarter of 2020. ....
Share this article Share this article QUINCY, Ill., March 4, 2021 /PRNewswire/ Titan International, Inc. (NYSE: TWI), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today reported results for the fourth quarter and year ended December 31, 2020. The new year is already looking like a completely different story compared to 2020, stated Paul Reitz, President and Chief Executive Officer. The confidence of U.S. farmers is at record levels with the tailwinds from strong commodity prices and healthy government payments received last year. Dealers are hungry for inventory as channels have been depleted to the lowest levels seen in the past 20 years. As seen in our fourth quarter results, the momentum is building and 2021 is off and running in a very positive direction. Last year is thankfully over and amidst the challenges of dealing with the COVID-19 pandemic, the Titan team remained focused on the imperati ....