TITAN INTERNATIONAL INC
For the period ended Jul 31, 2025. Filed Jul 31, 2025.
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Jul 31, 2025 · Filed Jul 31, 2025
Contents
EX-99 · Consumer Segment
Consumer Segment
| (Amounts in thousands, except percentages) · Three months ended · Six months ended | ||||||
|---|---|---|---|---|---|---|
| June 30, · June 30, | ||||||
| 2025 | 2024 | % Increase (Decrease) | 2025 | 2024 | % Increase | |
| Net sales | $115,260 | $150,276 | (23.3)% | $264,932 | $227,604 | 16.4% |
| Gross profit | 23,519 | 26,840 | (12.4)% | 52,783 | 40,614 | 30.0% |
| Profit margin | 20.4% | 17.9% | 14.0% | 19.9% | 17.8% | 11.8% |
| Income from operations | 3,230 | 6,449 | (49.9)% | 12,037 | 11,562 | 4.1% |
Consumer segment net sales were $115.3 million for the three months ended June 30, 2025, as compared to $150.3 million for the three months ended June 30, 2024. This change was mainly due to the impact of tariffs in the Titan Specialty business, causing a slowdown that the Company anticipates will be temporary, as well as lower sales volumes in the Americas region of the legacy Titan business, reflecting challenging market conditions and reduced demand from OEM customers amid broader economic pressures. These declines were partially offset by favorable price and product mix, reflecting higher input costs.
Gross profit from the consumer segment was $23.5 million for the three months ended June 30, 2025, as compared to $26.8 million for the three months ended June 30, 2024. The decrease in gross profit was primarily due to lower sales volumes.
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