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Mar 31, 2025
Titan Q1 2025 Earnings Report
Revenues and Adjusted EBITDA at Higher End of Guidance Range
Key Takeaways
Titan International, Inc. reported first quarter 2025 financial results with revenues of $490.7 million and Adjusted EBITDA of $30.8 million, both at the higher end of the company's guidance range. The results were achieved despite continued OEM destocking across all primary end markets. The company's aftermarket business outperformed its OEM-pointed operations.
First quarter 2025 revenues were $490.7 million, an increase from $482.2 million in the comparable prior year period.
Adjusted EBITDA for the first quarter of 2025 was $30.8 million, compared to $49.7 million in the first quarter of 2024.
Net loss attributable to Titan and applicable to common shareholders was $0.649 million, or $(0.01) per basic and diluted share, in Q1 2025.
The Titan Specialty acquisition positively contributed to sales volumes and the consumer segment's performance.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the second quarter of 2025, Titan expects sales to be between $450 million and $500 million and Adjusted EBITDA between $25 million and $35 million, similar to the first quarter 2025 results.
Positive Outlook
- Second quarter sales expected to be between $450 million and $500 million.
- Second quarter Adjusted EBITDA expected to be between $25 million and $35 million.
- Guidance for Q2 2025 is similar to Q1 2025 results.
- Minimal impact from current retaliatory China tariffs expected in Q2.
- Strategic inventory built to mitigate tariff impact.
Challenges Ahead
- Guidance range for Q2 2025 reflects a potentially lower performance compared to Q1 2025 high end.
- Global trade environment is fluid and requires close monitoring.
- Continued OEM destocking across end markets is a challenge.
- Lower end customer demand in agricultural and earthmoving/construction segments noted in Q1.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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