Titan International Reports Q3 Earnings Miss and Declining Revenue
Titan International (TWI) reported third-quarter financial results that fell short of analyst expectations on both the top and bottom lines. The company posted a GAAP earnings per share of -$0.14, missing estimates by $0.08, while revenue totaled $335.18 million, representing a 6.2% year-over-year decline and a significant miss against consensus projections. The company's adjusted EBITDA stood at $16 million, down from the $28 million reported in the prior period inclusive of discontinued operations. Gross margins for the quarter were recorded at 14.7%. These results reflect ongoing challenges in revenue generation as the company provides updated guidance for the fourth quarter and fiscal year 2026.
Tickers: $TWI.TEN