TITAN INTERNATIONAL (TWI) Company Report

Titan International (TWI) reported Q4 2025 revenue that exceeded prior year and was ahead of guidance, with adjusted EBITDA also better than expectations. Overall sales grew 7% year-over-year, driven by a 21% increase in the EMC segment.
The company reintroduced fiscal year 2026 guidance, forecasting revenues between $1.85 billion and $1.95 billion and adjusted EBITDA between $105 million and $150 million, indicating expected improvement over 2025.
For 2026, the EMC segment is projected to be the outperformer, with Ag expected to be flattish (improving in the second half) and Consumer showing improvements.
Tony Eheli was promoted to CFO, and the former CFO, David, transitioned to Chief Transformation Officer. The company concluded 2025 with net debt of $383 million and a leverage ratio of 3.8 times.

1 day ago

Transcript

Titan International Reports Strong Q4 2025 Results and Issues 2026 Guidance

TWI

Earnings

CFO Change

Guidance Update

Titan International reported a strong fourth quarter of 2025, with sales growing 7% year-over-year and adjusted EBITDA increasing 17% to $11 million, surpassing prior year results and guidance expectations.
Tony Eheli has been promoted to CFO, marking his first earnings call in this role, while the former CFO, David, transitioned to Chief Transformation Officer.
The company reintroduced fiscal year 2026 guidance, projecting revenues of $1.85 billion-$1.95 billion and adjusted EBITDA of $105 million-$150 million, indicating expected improvement over 2025.
Titan expresses guarded optimism for 2026, noting that OEM finished goods inventory destocking in the ag sector has largely run its course, and the EMC segment shows the most optimism.
The company anticipates that 15% of its 2026 sales will be generated from new products introduced over the past three years.

1 day ago

Transcript

Titan International Reports Strong Q4 2025 Results and Provides 2026 Outlook

TWI

Earnings

Guidance Update

CFO Change

Titan International concluded Q4 2025 with strong results, exceeding prior year revenue, gross margin, and adjusted EBITDA, and surpassing its own guidance for revenue and adjusted EBITDA.
For 2026, the company projects guarded optimism with some growth over 2025, expecting the EMC segment to outperform and the Ag segment to be flattish overall, with a stronger second half.
Tony Eheli has been promoted to CFO, and the company plans $55 million in CapEx for 2026, with significant investment in growth initiatives and new products, which are expected to contribute 15% of 2026 sales.

1 day ago

Transcript

Titan International Reports Q4 and Full-Year 2025 Financial Performance and Provides 2026 Outlook

TWI

Earnings

Guidance Update

Titan International, Inc. reported Q4 2025 revenues grew 7% to $410 million, with gross margin improving to 10.9% and Adjusted EBITDA increasing 18% to $11 million.
The EMC segment was a standout performer in Q4 2025, with 21% revenue growth and a 3.4 percentage point gross margin expansion.
For Q1 2026, the company expects sales between $490 million and $510 million and Adjusted EBITDA between $28 million and $33 million.
Full-year 2026 revenue is projected to be in the $1.85 to $1.95 billion range, with Adjusted EBITDA between $105 million and $115 million.

1 day ago

Press Release

Titan International, Inc. Reports Q4 and Fiscal Year 2025 Financial Results and Provides 2026 Outlook

TWI

Earnings

Guidance Update

Demand Weakening

Titan International, Inc. reported Q4 2025 revenues of $410 million, a 7% increase year-over-year, with gross margin improving to 10.9% and Adjusted EBITDA increasing 18% to $11 million. For the full fiscal year 2025, net sales were $1.828 billion and Adjusted EBITDA was $101.5 million, leading to a net loss attributable to common shareholders of ($63.5 million) or ($1.00) per diluted share.
The company projects Q1 2026 sales between $490 million and $510 million and Adjusted EBITDA between $28 million and $33 million. For the full fiscal year 2026, revenue is expected in the $1.85 to $1.95 billion range with Adjusted EBITDA between $105 million and $115 million.
As of December 31, 2025, Titan International held $202.9 million in cash and cash equivalents and reported net debt of $383.0 million.

2 days ago

8-K

Titan Mining Comments on U.S. Duties on Chinese Graphite Imports

TWI

New Projects/Investments

Legal Proceedings

Revenue Acceleration/Inflection

The U.S. Department of Commerce finalized aggregate antidumping and countervailing duties (AD/CVD) of at least 160% on certain Chinese graphite imports.
This determination, which could last a minimum of five years if affirmed by the U.S. International Trade Commission (ITC) in March 2026, significantly enhances Titan Mining's position as the only U.S. end-to-end natural flake graphite producer.
Titan Mining is progressing with the scale-up of its Kilbourne graphite facility for a planned 40,000 metric tonne per annum integrated mining and processing operation, designed to supply close to 50% of U.S. demand.

Feb 13, 2026, 11:00 AM

Press Release

Titan International Discusses Leadership Changes, Market Dynamics, and Strategic Focus

TWI

CFO Change

Management Change

Demand Weakening

Titan International recently announced leadership changes, with Tony Alihi appointed as CFO and David Martin as Chief Transformation Officer, who will focus on driving AI innovation within the company.
The company positions itself as a "one-stop shop" for off-road equipment, offering a diverse portfolio of wheels, tires, and steel tracks, and leverages joint ventures and third-party manufacturers to meet customer needs.
A key product, LSW (low sidewall) tires, is highlighted for its benefits, including reduced soil compaction and improved yields, with new marketing efforts planned to emphasize data showing over 30% yield improvements in turns.
While facing an extended down cycle in large agriculture, Titan notes positive signals in small ag, Brazil, and construction. The company is committed to balance sheet discipline and continued product development through these market conditions.

Feb 5, 2026, 3:00 PM

Transcript

Titan Announces Leadership Changes and Discusses Market Conditions and Strategic Priorities

TWI

CFO Change

Management Change

New Projects/Investments

Tony Alihi was appointed CFO, succeeding David Martin, who transitioned to the newly created role of Chief Transformation Officer to focus on AI innovation for the company.
The agricultural segment is experiencing an extended down cycle, with small ag and Brazil showing improvements in 2026, while large ag remains challenging. In contrast, the construction and consumer segments are showing good signals and holding up well, respectively.
Titan is prioritizing marketing its LSW (Low Sidewall) tires, especially new data indicating over 30% yield improvements with every turn, and is maintaining a disciplined approach to capital allocation through the first half of 2026.
The company views tariffs as having an emotional net benefit but seeks stability in policy for financial gains. Its "one-stop shop" strategy is supported by a supply chain that utilizes joint ventures and third-party contract manufacturers to meet diverse customer needs.

Feb 5, 2026, 3:00 PM

Transcript

Titan International Discusses Leadership Changes, Product Strategy, and Market Outlook

TWI

Management Change

New Projects/Investments

Demand Weakening

Titan International announced leadership changes, with David Martin transitioning from CFO to Chief Transformation Officer to drive AI innovation, and Tony Eheli appointed as the new CFO.
The company operates as a "one-stop shop" by offering a diverse product portfolio for off-road equipment, supported by agile manufacturing, joint ventures, and third-party partnerships to meet varied customer needs.
Titan's LSW (Low Sidewall) tires are highlighted for their benefits, including reduced soil compaction and improved yields (over 30% in turning cycles), with a new marketing push targeting smaller and mid-sized farms.
While tariffs provide an emotional net benefit by acknowledging unfair trade, the company seeks policy stability to overcome financial implementation challenges.
Market segments show small agriculture improving and construction performing well in key regions, but large agriculture faces continued challenges in the first half of 2026, leading to a focus on disciplined capital allocation and balance sheet strength.

Feb 5, 2026, 3:00 PM

Transcript

Titan Mining Begins Graphite Concentrate Production

TWI

Product Launch

New Projects/Investments

Titan Mining Corporation has commenced graphite concentrate production at its Kilbourne demonstration facility, marking the first step in re-establishing a domestic natural graphite supply chain in the United States for the first time in over seven decades.
The Kilbourne demonstration facility is designed to produce approximately 1,200 tonnes per year of graphite concentrate, with the Kilbourne Graphite Project targeting a commercial scale of 40,000 tonnes per year.
The company is advancing financing discussions with the U.S. Export-Import Bank for a US$120 million loan facility to fund the majority of the Kilbourne project's development.
This production coincides with a new White House Executive Order directing the application of Section 232 authorities to critical minerals, including natural graphite, to address U.S. import dependence and strengthen supply chains.