Titan International (TWI) Misses Q1 EPS by 14c, Revenues Miss
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Titan International, Inc. Reports First Quarter 2019 Results
May 3, 2019 5:59 AM EDTQUINCY, Ill., May 3, 2019 /PRNewswire/ -- Titan International, Inc. (NYSE: TWI), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today reported results for the first quarter ended March 31, 2019.
Net sales for the first quarter of 2019 were $410.4 million, compared to net sales of $425.4 million for the first quarter of 2018, representing a $15 million decrease. On a constant currency basis, net sales would have increased nearly $10 million. Net income applicable to common shareholders for the first quarter of 2019 was $1.2 million, equal to $0.02 per basic and diluted share, compared to... More
