TITAN INTERNATIONAL INC
For the period ended Jul 30, 2026. Filed Jul 30, 2026.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Jul 30, 2026 · Filed Jul 30, 2026
Contents
EX-99 · Earthmoving/Construction Segment
Earthmoving/Construction Segment
| (Amounts in thousands, except percentages) · Three months ended · Six months ended | ||||||
|---|---|---|---|---|---|---|
| June 30, | June 30, | |||||
| 2026 | 2025 | % Change | 2026 | 2025 | % Change | |
| Net sales | $154,527 | $152,347 | 1.4% | $314,041 | $295,637 | 6.2% |
| Gross profit | 19,311 | 17,474 | 10.5% | 37,400 | 32,367 | 15.5% |
| Profit margin | 12.5% | 11.5% | 8.7% | 11.9% | 10.9% | 9.2% |
| Income from operations | 4,353 | 2,994 | 45.4% | 6,743 | 4,670 | 44.4% |
The Company's earthmoving/construction segment net sales were $154.5 million for the three months ended June 30, 2026, as compared to $152.3 million in the comparable period of 2025. The increase was driven by favorable foreign currency translation, which increased net sales by approximately 3.2%. This benefit was partially offset by lower sales volumes in North America, which primarily reflected the timing of demand among certain construction OEM customers.
Gross profit in the earthmoving/construction segment was $19.3 million for the three months ended June 30, 2026, as compared to $17.5 million for the 2025 period. The increase in gross profit was mainly driven by $0.9 million of net tariff refund recoveries, as well as cost reduction and productivity initiatives implemented across the Company's production facilities.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.