Titan Int'l (TWI) Misses Q4 EPS by 5c
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Titan International Announces Fourth Quarter and 2015 Year End Results
February 25, 2016 5:59 AM ESTQUINCY, Ill., Feb. 25, 2016  /PRNewswire/ -- Titan International, Inc. (NYSE: TWI) announces fourth quarter and 2015 year end results.
Fourth quarter highlights:
Sales for fourth quarter 2015 were $307.8 million compared to $383.3 million in the fourth quarter of 2014. Gross profit for the fourth quarter 2015 was $17.8 million, or 5.8 percent of net sales, compared to $24.3 million in fourth quarter 2014, or 6.3 percent of net sales. Fourth quarter income from operations was $(18.2) million compared to $(65.9) million last year. Earnings per share for the fourth quarter 2015 were $(1.07) and $(1.07) for basic and fully diluted,... MoreU.S. International Trade Commission to Pursue Investigation Based Upon Titan International, Inc. and USW's Petitions
February 24, 2016 5:56 PM ESTQUINCY, Ill., Feb. 24, 2016 /PRNewswire/ -- Titan International, Inc. (NYSE: TWI) today announced progress in its filing for relief from unfairly traded OTR tire imports.
On January 8, 2016, Titan Tire Corporation and the USW filed antidumping petitions on imports of certain off-the-road wheel and tire assemblies from China and antidumping and countervailing duty petitions on imports of certain off-the-road tires from India and Sri Lanka with two government bodies the U.S. Department of Commerce ("DOC") and the U.S. International Trade Commission ("USITC").
As previously noted in Titan International, Inc.'s... More
