Titan International reported its 2021 second quarter net sales were $438.6 million, a $152.5 million (53.3%) year-over-year increase, the highest quarterly sales since 2014.
Net sales for the first quarter of 2021 were $403.5 million, compared to net sales of $341.5 million for the first quarter of 2020, representing a $62 million, or 18.2%, increase.
Titan International today announced the completion of the sale of its Brownsville, Texas, facility. The sale was completed in November to an affiliate of Phoenix Investors, a national private commercial real estate firm headquartered in Milwaukee, Wis.
Net sales for the third quarter of 2020 were $304.8 million, compared to net sales of $345.9 million for the third quarter of 2019, representing a $41.1 million, or 11.9% decrease.
Net sales for the second quarter of 2020 were $286.1 million, compared to net sales of $390.6 million for the second quarter of 2019, representing a $104.5 million, or 26.7%, decrease.
Net sales for the first quarter of 2020 were $341.5 million, compared to net sales of $410.4 million for the first quarter of 2019, representing a $68.9 million, or 16.8%, decrease. On a constant currency basis, net sales for the first quarter 2020 would have been $354.2 million.
Titan International, manufacturer of Titan Tires, Titan Wheels and Goodyear Farm Tires, has announced it will keep its U.S. manufacturing facilities operating as normal in order to support the food and agriculture industry, which the federal government has deemed critical to the nation’s response to the coronavirus pandemic.
Titan International Inc. (TWI), a global manufacturer of agricultural and other off-highway wheels, tires, assemblies, and undercarriage products, reported results for the fourth quarter and year ended Dec. 31, 2019.
Titan International (TWI), manufacturer of off-highway tires and wheels, posted third quarter 2019 net sales of $345.9 million, a decrease of $38.8 million, or 10% vs. the third quarter of 2018, ended Sept. 30. On a constant currency basis, net sales would have been $351.6 million.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.