TITAN INTERNATIONAL INC
For the period ended Jul 30, 2026. Filed Jul 30, 2026.
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Jul 30, 2026 · Filed Jul 30, 2026
Contents
EX-99 · Consumer Segment
Consumer Segment
| (Amounts in thousands, except percentages) · Three months ended · Six months ended | ||||||
|---|---|---|---|---|---|---|
| June 30, | June 30, | |||||
| 2026 | 2025 | % Change | 2026 | 2025 | % Change | |
| Net sales | $146,602 | $115,260 | 27.2% | $293,816 | $264,932 | 10.9% |
| Gross profit | 34,718 | 23,519 | 47.6% | 64,063 | 52,783 | 21.4% |
| Profit margin | 23.7% | 20.4% | 16.2% | 21.8% | 19.9% | 9.5% |
| Income (loss) from operations | 12,999 | 3,230 | 302.4% | (2,953) | 12,037 | (124.5)% |
Consumer segment net sales were $146.6 million for the three months ended June 30, 2026, as compared to $115.3 million in the 2025 period. The increase was primarily driven by higher sales volumes in the Titan Specialty business, reflecting improved customer demand compared to the prior-year period, which was impacted by a temporary slowdown related to tariff uncertainty. The increase also benefited from favorable pricing, reflecting higher input costs and a positive foreign currency translation impact of approximately 1.2%.
Gross profit from the consumer segment was $34.7 million for the three months ended June 30, 2026, as compared to $23.5 million in the 2025 period. The increase was primarily driven by higher sales volumes and the impact on fixed cost leverage, as well as $4.7 million of net tariff refund recoveries, which were recorded as a reduction of cost of goods sold.
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