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Jun 30, 2023
Titan Q2 2023 Earnings Report
Titan International reported consistent profitability with EPS of $0.48, adjusted EPS of $0.43, and adjusted EBITDA of $59 million.
Key Takeaways
Titan International, Inc. reported second-quarter results with net sales of $481 million and EPS of $0.48. The company generated $49 million in free cash flow and increased total cash to $196 million. They are providing full year 2023 outlook for revenue, adjusted EBITDA, and free cash flow.
Net income of $32 million, EPS of $0.48 and adjusted EPS of $0.43.
Adjusted EBITDA of $59 million.
Net sales of $481 million.
Further strengthened balance sheet with an increase in total cash to $196 million and $49 million of free cash flow generation.
Revenue by Geographic Location
Forward Guidance
The Company is providing the following outlook for FY 2023:
Positive Outlook
- Revenues are expected to range between $1.85 to $1.9 billion
- Adjusted EBITDA of $200 to $210 million
- Free cash flow to range between $110 to $120 million
Challenges Ahead
- Capital expenditures to range between $55 to $60 million
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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