Titan International (TWI) Tops Q3 EPS by 2c, Revenues Beat

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Go back to Titan International (TWI) Tops Q3 EPS by 2c, Revenues Beat

Titan International, Inc. Reports Third Quarter 2020 Results

November 5, 2020 5:59 AM EST

QUINCY, Ill., Nov. 5, 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 third quarter ended September 30, 2020.

Net sales for the third quarter of 2020 were $304.8 million, compared to net sales of $345.9 million for the third quarter of 2019, representing a $41.1 million, or 11.9 percent, decrease.  On a constant currency basis, net sales for the third quarter 2020 would have been $324.9 million.  The third quarter of 2020 results include an expense of $5.0 million for a contingent legal accrual related to an anticipated... More