Titan International Reports Lower Ag Revenue on Declining OEM Sales

In its 2Q23 earnings report, Titan International reported total revenue for the first 6 months of the year at $1.03 billion, down 8.8% from $1.13 billion at the same point last year. Agricultural revenue specifically for the first 6 months was $575 million, down 8.5% from $628.2 million in the first half of 2022.

For the second quarter, total revenue was down 16% to $481.2 million, and ag revenue for the quarter was down 15.5%…

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