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Titan International 3Q23 Ag Revenue Down 26%

In its third quarter earnings reported Nov. 1, Titan International reported $213 million in agricultural revenue for the quarter, down 26.4% year-over-year. Ag revenue for the first 9 months of the year was $788 million, down 14.1% year-over-year.

Declining ag revenue in the third quarter, according to Titan’s earnings, were “primarily due to lower sales volume in North and South America which was caused by actions taken by customers to reduce elevated inventory levels, most…

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