Titan Int'l (TWI) Misses Q1 EPS by 9c

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Titan International Announces First Quarter 2016 Results

May 5, 2016 5:59 AM EDT

QUINCY, Ill., May 5, 2016 /PRNewswire/ -- Titan International, Inc. (NYSE: TWI) announces first quarter 2016 results.

First quarter highlights:

Sales for the first quarter of 2016 were $321.8 million, down 20.0 percent, compared to $402.1 million in the first quarter of 2015. Gross profit for the first quarter of 2016 was $31.9 million, or 9.9 percent of net sales, compared to $42.8 million, or 10.6 percent of net sales for the first quarter of 2015. Loss from operations for the first quarter of 2016 was $(7.9) million, or (2.5) percent of net sales, compared to income of... More