Titan International is a prominent manufacturer and supplier of wheels, tires, and assemblies primarily for the agricultural, construction, and consumer markets
The company specializes in producing high-quality products that meet the specific needs of its customers, offering a range of sizes and innovations designed for different applications. Beyond manufacturing, Titan engages in distribution and aftermarket services, ensuring that clients receive both the products and support necessary to optimize performance. With a commitment to quality and engineering excellence, Titan International strives to enhance productivity and safety for users across various industries.
Agricultural and farm machinery company Titan (NSYE:TWI) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 1.7% year on year to $383.6 million. On the other hand, next quarter’s outlook exceeded expectations with revenue guided to $475 million at the midpoint, or 1.9% above analysts’ estimates. Its GAAP profit of $2 per share was significantly above analysts’ consensus estimates.
Titan International has been treading water for the past six months, recording a small return of 1.9% while holding steady at $8.40. The stock also fell short of the S&P 500’s 12.6% gain during that period.
Over the last six months, Titan International’s shares have sunk to $7.50, producing a disappointing 10.7% loss - a stark contrast to the S&P 500’s 9.3% gain. This was partly due to its softer quarterly results and might have investors contemplating their next move.
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Agricultural and farm machinery company Titan (NSYE:TWI) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 11.5% year on year to $448 million. Next quarter’s revenue guidance of $400 million underwhelmed, coming in 13.1% below analysts’ estimates. Its GAAP loss of $0.25 per share was also 2,600% below analysts’ consensus estimates.
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