Titan International Q1 revenue beats estimates; back FY rev view

Titan International

30/04/2026 11:10

Overview

Off-highway wheel and tire maker's Q1 revenue rose 2.9%, beating analyst expectations

Adjusted EBITDA increased to $31 mln, gross margin improved to 14.1%

Company had said it would close Jackson, Tennessee plant to streamline manufacturing after Carlstar acquisition

Outlook

Titan expects Q2 sales between $470 mln and $490 mln with adj EBITDA between $25 mln and $30 mln

Company maintains full-year sales guidance of $1.85 bln to $1.95 bln with adj EBITDA $105 mln to $115 mln

Titan says equipment purchasers remain hesitant, with OEMs and dealers managing inventories cautiously

Result Drivers

EMC SEGMENT GROWTH - EMC segment revenue grew over 11% year-over-year, supporting overall company growth

CAUTIOUS OEM AND DEALER DEMAND - OEMs and dealers kept lean inventories, limiting order responsiveness due to market volatility and uncertainty

Company press release: ID:nPnbnvzk0a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$505 mln
$497.23 mln (4 Analysts)
Q1 Adjusted EBITDA
$31 mln
Q1 Gross Margin
14.10%


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 is $12.00, about 50.2% above its April 29 closing price of $7.99

The stock recently traded at 46 times the next 12-month earnings vs. a P/E of 24 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)