Titan International, Inc. Reports Second Quarter 2020 Results
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Titan International (TWI) Tops Q2 EPS by 28c, Revenues Beat
August 6, 2020 6:11 AM EDTTitan International (NYSE: TWI) reported Q2 EPS of ($0.08), $0.28 better than the analyst estimate of ($0.36). Revenue for the quarter came in at $286.1 million versus the consensus estimate of $275.32 million.
"Our strong focus on protecting the balance sheet, via cash preservation, accessing additional liquidity and improving our working capital position are each positive takeaways from the second quarter," stated Paul Reitz, President and Chief Executive Officer. "We were able to increase our cash balance nearly $20 million during the quarter while maintaining a similar net debt position. This improved position will aid Titan as we... More
