Titan International (TWI) Tops Q1 EPS by 16c, Revenues Beat

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Go back to Titan International (TWI) Tops Q1 EPS by 16c, Revenues Beat

Titan International, Inc. Reports First Quarter 2021 Net Sales Up 18 Percent YoY

May 6, 2021 5:59 AM EDT

QUINCY, Ill., May 6, 2021 /PRNewswire/ -- Titan International, Inc. (NYSE: TWI), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today reported results for the first quarter ended March 31, 2021.

Net sales for the first quarter of 2021 were $403.5 million, compared to net sales of $341.5 million for the first quarter of 2020, representing a $62.0 million, or 18.2 percent, increase.  On a constant currency basis, net sales for the first quarter 2021 would have been $409.3 million.  Net income applicable to common shareholders for the first quarter of 2021 was $13.6 million, equal to income of... More