Overview

* Titan Q2 revenue of $461 mln, , within company guidance but missing analyst expectations

* Adjusted EBITDA for Q2 was $30 mln, within company guidance

* Company maintained 15% gross margin amid interest rate and tariff challenges

Outlook

* Titan expects Q3 sales between $450 mln and $475 mln

* Company forecasts Q3 adjusted EBITDA of $25 mln to $30 mln

* Titan sees macro tailwinds aiding future financial results

* Company anticipates inventory levels to drive upward sales trend

Result Drivers

* MARKET CHALLENGES - Higher interest rates and tariff uncertainties impacted end markets, per CEO Paul Reitz

* INVENTORY LEVELS - Co sees wheel and tire inventories reaching levels where growth is expected, per CEO Paul Reitz

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Miss $461 mln $478 mln

(5

Analysts

)

Q2 $30 mln

Adjusted

EBITDA

Q2 Gross 15.0%

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

* Wall Street's median 12-month price target for Titan International Inc ( TWI ) is $11.00, about 17.5% above its July 30 closing price of $9.07

* The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)