Titan International (TWI) Misses Q4 EPS by 30c, Revenues Miss
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Titan International, Inc. Reports 2019 Results
March 4, 2020 5:59 AM ESTQUINCY, Ill., March 4, 2020 /PRNewswire/ -- Titan International, Inc. (NYSE: TWI), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today reported results for the fourth quarter and year ended December 31, 2019.
Net sales for the fourth quarter of 2019 were $301.8 million, compared to net sales of $363.4 million for the fourth quarter of 2018, representing a $61.6 million, or 17.0 percent, decrease. On a constant currency basis, net sales would have been $308.2 million. Net loss applicable to common shareholders for the fourth quarter of 2019 was $24.8 million, equal to $(0.41) per basic and diluted share,... More
