TWI Q2 2022 Earnings — Titan International, Inc. Revenue & Financial Results | Market Cap Arena

TWITitan International, Inc.

$554M

Q2 2022 Earnings

Industrials Agricultural - Machinery

Income Statement

Revenue

$573M+30.6% YoY

Gross Profit

$110M19.1% margin

Operating Income

$70M12.2% margin

Net Income

$67M11.7% margin

EPS (Diluted)

$1.06

QoQ Revenue Growth

+3.0%

Cash Flow

Operating Cash Flow

$67M

Free Cash Flow

$56M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$984M

Stockholders' Equity

$299M

Cash & Equivalents

$117M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$573M	$439M	+30.6%
Gross Profit	$110M	$61M	+78.4%
Operating Income	$70M	$24M	+193.9%
Net Income	$67M	-$3M	+2522.3%

Revenue Segments

Agricultural

$319M56%

Earthmoving/construction

$210M37%

Consumer

$44M8%