TITAN INTERNATIONAL INC
For the period ended Apr 30, 2026. Filed Apr 30, 2026.
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Apr 30, 2026 · Filed Apr 30, 2026
Contents
EX-99 · Consumer Segment
Consumer Segment
| (Amounts in thousands, except percentages) | Three months ended | ||
|---|---|---|---|
| March 31, | |||
| 2026 | 2025 | % Increase/ (Decrease) | |
| Net sales | $147,214 | $149,672 | (1.6)% |
| Gross profit | 29,345 | 29,264 | 0.3% |
| Profit margin | 19.9% | 19.6% | 1.5% |
| (Loss) income from operations | (15,952) | 8,807 | (281.1)% |
Consumer segment net sales were $147.2 million for the three months ended March 31, 2026, as compared to $149.7 million for the three months ended March 31, 2025. The change was primarily attributable to lower sales volumes, reflecting volatile market conditions related to tariffs and higher interest rates. These declines were partially offset by favorable price reflecting higher input costs, and a positive foreign currency translation impact of approximately 2.3%, primarily due to the strengthening of the euro and Canadian dollar relative to the U.S. dollar.
Gross profit from the consumer segment was $29.3 million for both the three months ended March 31, 2026, and March 31, 2025. Despite lower sales volumes, gross profit was comparable to the prior year due to cost reduction and productivity initiatives that continued to be implemented across the Company’s global manufacturing operations.
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