Titan International (TWI) Tops Q2 EPS by 28c, Revenues Beat
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Titan International, Inc. Reports Second Quarter 2020 Results
August 6, 2020 5:59 AM EDTQUINCY, Ill., Aug. 6, 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 second quarter ended June 30, 2020.
Net sales for the second quarter of 2020 were $286.1 million, compared to net sales of $390.6 million for the second quarter of 2019, representing a $104.5 million, or 26.7 percent, decrease. On a constant currency basis, net sales for the second quarter 2020 would have been $305.9 million. Net loss applicable to common shareholders for the second quarter of 2020 was $5.0 million, equal to a loss of... More
