Titan International, Inc. Reports 2019 Results
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Titan International (TWI) Misses Q4 EPS by 30c, Revenues Miss
March 4, 2020 6:02 AM ESTTitan International (NYSE: TWI) reported Q4 EPS of ($0.40), $0.30 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $301.8 million versus the consensus estimate of $335.26 million.
"We have concluded a challenging year for Titan and our industry," commented Paul Reitz, President and Chief Executive Officer. "This comes on the heels of a very successful 2018. Titan, along with many of our customers, started 2019 with expectations for promise of further growth, but ultimately it produced significant volatility and uncertainty with poor Ag conditions due to North America weather and the China trade battles. The... More
