TITAN INTERNATIONAL (TWI) Company Report

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.

1 day ago

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.

1 day ago

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.

1 day ago

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.

Jan 26, 2026, 11:00 AM

Press Release

TITAN Signs Agreement to Acquire Traçim Cement

TWI

M&A

New Projects/Investments

Guidance Update

TITAN SA has signed an agreement to acquire 100% of Traçim Çimento Sanayi ve Ticaret Anonim Şirketi, a company located in the greater Istanbul region, Turkey.
The acquisition includes an integrated cement plant with an annual production capacity of approximately 2.5 million tons of cement.
The purchase price for 100% of the shares is approximately $190 million USD.
The transaction is expected to be finalized in the first quarter of 2026 and is projected to generate over $140 million USD in revenue and over $50 million USD in EBITDA, with an EPS accretive effect in 2026.

Dec 11, 2025, 7:53 AM

Press Release

Titan SA Unveils "TITAN Forward 2029" Growth Plan

TWI

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Titan SA announced its new strategic growth plan, "TITAN Forward 2029," at an Investor Day in Athens, Greece, outlining its vision for the period 2025–2029.
The plan focuses on accelerating growth in core business, expanding its alternative cementitious materials platform, and investing in new technologies and digital capabilities, supported by over €3bn in planned investments.
Key financial targets for the 2025-2029 period include annual sales growth of 6-8% to reach €4bn by 2029, annual EBITDA growth of 11-13% to reach €1bn by 2029, and an increase in earnings per share to €5-€6.
The company also targets a Return on (Average) Capital Employed of 15-17%, a leverage ratio (Net Debt to EBITDA) in the range of 1.5x - 2.0x, and plans to return approximately €500 million to shareholders during the period.

Nov 11, 2025, 10:04 AM

Press Release

TITAN Announces "TITAN Forward 2029" Strategic Growth Plan

TWI

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

TITAN SA unveiled its new strategic growth plan, "TITAN Forward 2029", on November 11, 2025, aiming to accelerate growth in core activities, expand its alternative cementitious materials platform, and invest in new technologies and digital capabilities for the 2025-2029 period.
The plan includes an investment capacity of over 3 billion euros for growth capital expenditures, supported by strong operational free cash flow and financial flexibility.
Key financial targets for 2029 include annual revenue growth of 6% to 8% to reach 4 billion euros, annual EBITDA growth of 11% to 13% to reach 1 billion euros, and an increase in earnings per share (EPS) to 5 - 6 euros per share.
TITAN also targets an average Return on Capital Employed (ROCE) of 15% to 17% and plans to provide approximately 500 million euros in shareholder returns over the 2025-2029 period.

Nov 11, 2025, 10:04 AM

Press Release

Titan (TWI) Reports Q3 2025 TTM Financials and Outlines Path to Mid-Cycle Adjusted EBITDA

TWI

Earnings

Guidance Update

M&A

For the trailing twelve months (TTM) ending September 2025, Titan (TWI) reported Total Revenues of $1.8 billion and Adjusted EBITDA of $100 million, with Net Debt at $373 million and a leverage ratio of 3.7x.
Titan aims to achieve $250 million in mid-cycle Adjusted EBITDA, up from the September 2025 TTM baseline of $100 million, through a combination of returning to mid-cycle volumes and implementing synergies plus growth initiatives.
The company has realized $6 million in synergies in FY 2024 from the Carlstar acquisition, with an incremental target of $7 million to $9 million for FY 2025, and a long-term target of $25 million to $30 million.
Titan is a global manufacturer of off-highway tires, wheels, and undercarriage equipment, operating in the Agriculture, Earthmoving/Construction (EMC), and Consumer segments.

Nov 6, 2025, 2:00 PM

Presentation

Titan International Reports Strong Q3 2025 Results and Provides Q4 Guidance

TWI

Earnings

Guidance Update

Revenue Acceleration/Inflection

Titan International reported strong Q3 2025 results, with consolidated revenues in line with guidance and adjusted EBITDA near the higher end of their range. Sales grew 4% year over year, adjusted EBITDA increased 45% to $30 million, and gross margins expanded 210 basis points to 15.2%.
Segment performance was solid, with Ag and EMC sales growing 8% and 7% respectively year over year. Ag revenues were up over 7% driven by Latin America, and EMC revenues increased 6% to $145 million. Consumer sales, while down just under 3% year over year, rebounded nearly 15% sequentially to $132 million.
The company demonstrated strong financial discipline, reducing net debt to $373 million from $391 million last quarter, bringing leverage down to 3.7, and generating $30 million in free cash flow.
For Q4 2025, Titan International guided revenues between $385 million and $410 million and adjusted EBITDA of approximately $10 million. Management anticipates a return to growth in the ag segment and a good basis for growth in the EMC segment in 2026, with aftermarket expected to start the year positively.

Nov 6, 2025, 2:00 PM

Transcript

Titan International Reports Third Quarter 2025 Financial Results

TWI

Earnings

Guidance Update

Demand Weakening

For the third quarter ended September 30, 2025, Titan International reported revenues of $466 million, representing 4% growth, with an Adjusted EBITDA of $30 million and a gross margin of 15.2%.
The company generated $30 million in free cash flow during Q3 2025.
For the fourth quarter of 2025, Titan International expects sales to be between $385 million and $410 million and Adjusted EBITDA to be around $10 million.
The Ag and EMC segments reported revenue growth and expanded gross margins, while the Consumer segment experienced marginally lower revenues due to tariffs. The company noted decreasing overall wheel and tire inventories, indicating potential for improved broad-based demand.