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Dec 31, 2021
Titan Q4 2021 Earnings Report
Titan International capped off a strong 2021 with Q4 EPS of $0.44, driven by a 49% year-over-year growth in sales.
Key Takeaways
Titan International, Inc. reported strong Q4 2021 results with net sales of $487.7 million, a 49% increase year-over-year. EPS reached $0.44, a significant improvement from the prior year's loss of $0.28. The company's adjusted EBITDA for the quarter was $36.1 million, a 109% increase year-over-year.
Net sales for the quarter increased by 49% YOY, reaching $487.7 million.
EPS grew to $0.44, compared to a loss of $0.28 in the prior year.
Adjusted EBITDA for the quarter increased by 109% YOY, totaling $36.1 million.
The company anticipates continued positive trends into 2022, with revenue expected to exceed $2 billion.
Revenue by Geographic Location
Forward Guidance
Titan expects positive trends to continue in 2022, with revenue growing to more than $2 billion and adjusted EBITDA reaching $175 million. Capital expenditures are projected to be between $45 million and $50 million.
Positive Outlook
- Revenue to grow to more than $2 billion.
- Adjusted EBITDA to reach $175 million.
- Strong Q1 performance to start the year.
- Capital expenditures between $45 million to $50 million.
- Meaningful free cash flow expected in 2022.
Challenges Ahead
- Global volatility and uncertainty.
- Raw material pricing challenges.
- Supply chain challenges.
- Labor challenges.
- Logistics chaos, including the crisis in the Ukraine.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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