TITAN INTERNATIONAL INC
For the period ended Feb 26, 2026. Filed Feb 26, 2026.
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Feb 26, 2026 · Filed Feb 26, 2026
Contents
EX-99 · Earthmoving/Construction Segment
Earthmoving/Construction Segment
| (Amounts in thousands) · Three months ended · Twelve months ended | ||||||
|---|---|---|---|---|---|---|
| December 31, · December 31, | ||||||
| 2025 | 2024 | % Increase | 2025 | 2024 | % Decrease | |
| Net sales | $140,739 | $116,306 | 21.0% | $581,744 | $583,391 | (0.3)% |
| Gross profit | $13,042 | $6,895 | 89.2% | $60,572 | $62,824 | (3.6)% |
| Profit margin | 9.3% | 5.9% | 57.6% | 10.4% | 10.8% | (3.7)% |
| (Loss) income from operations | $(1,973) | $(6,961) | 71.7% | $3,054 | $7,009 | (56.4)% |
Net sales in the earthmoving / construction segment were $140.7 million for the three months ended December 31, 2025, as compared to $116.3 million for the comparable period in 2024. This increase was attributed to improved demand in the global undercarriage business and North America light construction tires. Additionally, there was a 5.6% currency translation impact, due to the appreciation of foreign currencies versus the US dollar.
Gross profit in the earthmoving/construction segment was $13.0 million, or 9.3% of net sales, for the three months ended December 31, 2025, as compared to $6.9 million, or 5.9% of net sales, for the comparable period in 2024. Gross profit and margin changes were due to higher sales volume resulting in improved fixed cost leverage.
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