Titan Int'l (TWI) Misses Q4 EPS by 15c
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Titan International Announces 2016 Fourth Quarter and Year-End Results
March 15, 2017 5:59 AM EDTQUINCY, Ill., March 15, 2017 /PRNewswire/ -- Titan International, Inc. (NYSE: TWI) announces 2016 fourth quarter and year-end results.
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... More