Titan Int'l (TWI) Misses Q4 EPS by 15c

Titan Int'l (NYSE: TWI) reported Q4 EPS of ($0.24), $0.15 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $307.3 million versus the consensus estimate of $311.02 million.

Fourth quarter summary:

• Net sales for the fourth quarter of 2016 were $307.3 million compared to $307.8 million for the fourth quarter of 2015.
• Gross profit for the fourth quarter of 2016 was $32.5 million, or 10.6 percent of net sales, compared to $17.8 million for the fourth quarter of 2015, or 5.8 percent of net sales.
• 2016 fourth quarter loss from operations was $(9.1) million compared to $(18.2) million for the fourth quarter of 2015.
• Basic and fully-diluted earnings per share for the fourth quarter of 2016 were $(0.26), compared to basic and fully-diluted earnings per share of $(1.07) for the fourth quarter of 2015. Basic and fully-diluted earnings per share on an adjusted basis (see Appendix attached) for the fourth quarter of 2016 were $(0.24), compared to adjusted basic and fully-diluted earnings per share of $(0.38) for the fourth quarter of 2015.

For earnings history and earnings-related data on Titan Int'l (TWI) click here.

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