TWI Q2 2023 Earnings — Titan International, Inc. Revenue & Financial Results | Market Cap Arena

TWITitan International, Inc.

$554M

Q2 2023 Earnings

Industrials Agricultural - Machinery

Income Statement

Revenue

$481M-16.0% YoY

Gross Profit

$86M17.9% margin

Operating Income

$46M9.5% margin

Net Income

$30M6.3% margin

EPS (Diluted)

$0.48

QoQ Revenue Growth

-12.3%

Cash Flow

Operating Cash Flow

$65M

Free Cash Flow

$49M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$854M

Stockholders' Equity

$450M

Cash & Equivalents

$196M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$481M	$573M	-16.0%
Gross Profit	$86M	$110M	-21.7%
Operating Income	$46M	$70M	-34.2%
Net Income	$30M	$67M	-55.0%

Revenue Segments

Agricultural

$269M56%

Earthmoving/construction

$175M36%

Consumer

$37M8%