TITAN INTERNATIONAL INC
For the period ended Nov 6, 2025. Filed Nov 6, 2025.
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Nov 6, 2025 · Filed Nov 6, 2025
Contents
EX-99 · Consumer Segment
Consumer Segment
| (Amounts in thousands, except percentages) · Three months ended · Nine months ended | ||||||
|---|---|---|---|---|---|---|
| September 30, | September 30, | |||||
| 2025 | 2024 | % Increase/ (Decrease) | 2025 | 2024 | % Increase/ (Decrease) | |
| Net sales | $132,361 | $136,233 | (2.8)% | $397,293 | $363,837 | 9.2% |
| Gross profit | 30,476 | 30,432 | 0.1% | 83,259 | 71,046 | 17.2% |
| Profit margin | 23.0% | 22.3% | 3.1% | 21.0% | 19.5% | 7.7% |
| Income from operations | 9,036 | 11,282 | (19.9)% | 21,073 | 22,844 | (7.8)% |
Consumer segment net sales were $132.4 million for the three months ended September 30, 2025, as compared to $136.2 million for the three months ended September 30, 2024. This change was mainly due to lower sales volumes in the Americas region of the legacy Titan business, reflecting challenging market conditions and reduced OEM demand amid broader economic pressures. These declines were partially offset by favorable price reflecting higher input costs, product mix, and a 0.7% positive foreign currency translation impact, mainly due to the strengthening of the euro.
Gross profit was comparable for the consumer segment at $30.5 million for the three months ended September 30, 2025, and $30.4 million for the three months ended September 30, 2024.
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