Titan International (TWI) Misses Q3 EPS by 22c, Revenues Miss
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Titan International, Inc. Reports Third Quarter 2019 Results
November 7, 2019 5:59 AM ESTQUINCY, Ill., Nov. 7, 2019 /PRNewswire/ -- Titan International, Inc. (NYSE: TWI), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today reported results for the third quarter ended September 30, 2019.
Net sales for the third quarter of 2019 were $345.9 million, compared to net sales of $384.7 million for the third quarter of 2018, representing a $38.8 million, or 10.1 percent, decrease. On a constant currency basis, net sales would have been $351.6 million. Net loss applicable to common shareholders for the third quarter of 2019 was $19.6 million, equal to $(0.33) per basic and diluted share, compared to... More
