TWI Q3 2023 Earnings — Titan International, Inc. Revenue & Financial Results | Market Cap Arena

TWITitan International, Inc.

$554M

Q3 2023 Earnings

Industrials Agricultural - Machinery

Income Statement

Revenue

$402M-24.3% YoY

Gross Profit

$66M16.4% margin

Operating Income

$27M6.7% margin

Net Income

$19M4.8% margin

EPS (Diluted)

$0.31

QoQ Revenue Growth

-16.5%

Cash Flow

Operating Cash Flow

$51M

Free Cash Flow

$37M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$825M

Stockholders' Equity

$433M

Cash & Equivalents

$212M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$402M	$531M	-24.3%
Gross Profit	$66M	$88M	-24.6%
Operating Income	$27M	$50M	-46.6%
Net Income	$19M	$43M	-55.3%

Revenue Segments

Agricultural

$213M53%

Earthmoving/construction

$155M39%

Consumer

$34M8%