Titan International Q3 sales fall as agriculture weakens
Key points
- Titan International (NYSE:TWI) reported third-quarter 2026 revenue of $335 million, with lower agricultural and consumer sales.
- Earthmoving and construction sales rose 5%, while agricultural sales fell 12% and consumer sales declined 3%; continuing-operations gross margin was 14.7%.
- Titan expects its pending ITM sale to USCO to close in early January 2027 and provided fourth-quarter and full-year financial guidance.
Titan International (NYSE:TWI) reported third-quarter 2026 continuing-operations revenue of $335 million, with agricultural and consumer sales declining.
Including discontinued operations, revenue reached $454 million, while continuing-operations results reflected weaker agricultural demand and mixed performance across business segments.
Continuing operations recorded a gross margin of 14.7%, adjusted EBITDA of $16 million and free cash flow of $23 million, while adjusted EBITDA including discontinued operations reached $28 million.
Titan expects its pending ITM sale to USCO to close in early January 2027, subject to the ongoing regulatory process, and intends to use the proceeds to reduce debt and support its wheel and tire strategy.
Including ITM, Titan forecasts fourth-quarter sales of $410 million–$430 million and adjusted EBITDA ranging from break-even to $7 million, while full-year 2026 guidance calls for sales of $1.85 billion–$1.87 billion and adjusted EBITDA of $91 million–$101 million.
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