Titan International, Inc. Reports First Quarter 2020 Results and Provides Business Update
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Titan International (TWI) Reports In-Line Q1 EPS, Revenues Miss
May 7, 2020 6:01 AM EDTTitan International (NYSE: TWI) reported Q1 EPS of ($0.18), in-line with the analyst estimate of ($0.18). Revenue for the quarter came in at $341.5 million versus the consensus estimate of $365.81 million.
"As we announced on March 4th in our earnings release concerning our fiscal year 2019 results, we expected a solid rebound in full-year 2020 EBITDA driven by internal actions and relatively stable sales compared to 2019," stated Paul Reitz, President and Chief Executive Officer. The COVID-19 pandemic has severely impacted the world since then, making it difficult to forecast demand in the coming months. We expect the... More
