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Jun 30, 2022
Titan Q2 2022 Earnings Report
Reported strong quarterly financial performance with net sales increase and adjusted EBITDA.
Key Takeaways
Titan International, Inc. reported a strong financial performance for Q2 2022, with net sales of $573 million, a 30.6% increase year-over-year. The company's adjusted EBITDA was $82 million, and it generated $56 million in free cash flow. The company has updated full year 2022 guidance, expecting sales to be $2.2 billion with adjusted EBITDA between $240 million and $250 million.
Net sales increased by 30.6% year-over-year to $573 million, the highest quarterly sales since Q2 2013.
Adjusted EBITDA reached $82 million.
Free cash flow was $56 million during the second quarter.
Earnings per share was $1.06/share (Adjusted EPS $0.79/share).
Revenue by Segment
Forward Guidance
The company expects continued top-line and bottom-line expansion relative to prior year performance. Full year sales in 2022 are expected to be $2.2 billion, with an increased adjusted EBITDA target between $240 million and $250 million. Free cash flow is expected to be between $90 million and $100 million for the full year.
Positive Outlook
- Expects continued top-line expansion relative to prior year performance.
- Expects continued bottom-line expansion relative to prior year performance.
- Full year sales in 2022 are expected to be $2.2 billion.
- Adjusted EBITDA target between $240 million and $250 million.
- Free cash flow is expected to be between $90 million and $100 million for the full year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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