TWI Q1 2023 Earnings — Titan International, Inc. Revenue & Financial Results | Market Cap Arena

TWITitan International, Inc.

$554M

Q1 2023 Earnings

Industrials Agricultural - Machinery

Income Statement

Revenue

$549M-1.3% YoY

Gross Profit

$96M17.4% margin

Operating Income

$55M10.0% margin

Net Income

$32M5.8% margin

EPS (Diluted)

$0.50

QoQ Revenue Growth

+7.6%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$12M

Stock-Based Comp.

$700,000

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$922M

Stockholders' Equity

$421M

Cash & Equivalents

$164M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$549M	$556M	-1.3%
Gross Profit	$96M	$87M	+10.2%
Operating Income	$55M	$45M	+23.3%
Net Income	$32M	$24M	+33.1%

Revenue Segments

Agricultural

$306M56%

Earthmoving/construction

$199M36%

Consumer

$44M8%