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 · Earthmoving/Construction Segment
Earthmoving/Construction Segment
| (Amounts in thousands, except percentages) · Three months ended · Nine months ended | ||||||
|---|---|---|---|---|---|---|
| September 30, · September 30, | ||||||
| 2025 | 2024 | % Increase | 2025 | 2024 | % Decrease | |
| Net sales | $145,368 | $136,313 | 6.6% | $441,005 | $467,085 | (5.6)% |
| Gross profit | 15,163 | 11,653 | 30.1% | 47,530 | 55,929 | (15.0)% |
| Profit margin | 10.4% | 8.5% | 22.4% | 10.8% | 12.0% | (10.0)% |
| Income (loss) from operations | 357 | (1,911) | 118.7% | 5,027 | 13,970 | (64.0)% |
The Company's earthmoving/construction segment net sales were $145.4 million for the three months ended September 30, 2025, as compared to $136.3 million in the comparable period in 2024. The increase was primarily driven by higher sales volumes in the Americas. Additionally, net sales benefited from a 2.7% favorable foreign currency translation impact, mainly due to the strengthening of the euro, as well as positive price and product mix.
Gross profit in the earthmoving/construction segment was $15.2 million for the three months ended September 30, 2025, as compared to $11.7 million for the three months ended September 30, 2024. This improvement was largely attributable to higher volumes and enhanced fixed cost leverage.
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