Feltl & Co Upgrades Titan International (TWI) to Strong Buy
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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,... More