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Jun 30, 2025
Titan Q2 2025 Earnings Report
Titan International, Inc. reported its second quarter financial results for 2025, showing a decrease in revenues and net income compared to the previous year, primarily due to lower sales volumes in key segments and higher interest rates.
Key Takeaways
Titan International, Inc. reported revenues of $460.8 million for the second quarter of 2025, a decrease from $532.2 million in the comparable period of 2024. The company experienced a net loss of $3.6 million, compared to a net income of $3.4 million in the prior year. Adjusted EBITDA was $30.2 million, down from $48.8 million in the comparable prior year period. The decline was mainly attributed to reduced sales volumes in global agricultural and construction equipment sectors, and the impact of tariffs on the Titan Specialty business.
Revenues for Q2 2025 were $461 million, a decrease from $532.2 million in Q2 2024.
The company reported a net loss of $3.6 million for the quarter, compared to a net income of $3.4 million in the same period last year.
Adjusted EBITDA for Q2 2025 was $30.2 million, down from $48.8 million in Q2 2024.
Gross margin for Q2 2025 was 15%, slightly down from 15.1% in Q2 2024.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Titan International, Inc. expects third quarter sales to be between $450 million and $475 million, with Adjusted EBITDA between $25 million and $30 million, both showing improvements compared to the third quarter of 2024.
Positive Outlook
- Expected improvement in third quarter sales compared to Q3 2024.
- Expected improvement in Adjusted EBITDA for Q3 2025 compared to Q3 2024.
- Confidence that wheel and tire inventories are reaching levels where demand will increase.
- Well-positioned as an industry leader to see improving financial results as macro tailwinds emerge.
- Broad support from recently-passed legislation for farmers is encouraging for long-term outlook.
Challenges Ahead
- Overall end-market conditions are primarily defined by higher interest rates.
- Uncertainty regarding tariffs continues to impact the business.
- Lower farm income impacting global agricultural equipment demand.
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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