Titan expects $1.4 billion in sales this year
On Dec. 13, Titan International Inc.'s Morry Taylor will let you know how well the company is doing this year -- and what to expect in 2012.
The Tuesday conference call will be held at 1 p.m. EST. To participate in the call, dial (800) 398-9379 five minutes prior to the scheduled time. (International callers dial (612) 332-0226.)
Here's a sneak peek at what you will hear courtesy of Taylor, Titan's chairman and CEO.
"We have had a great year and we are forecasting 2012 to be our best year based on the conditions I see today. The agriculture market remains strong, earthmover is booming and we see great opportunities in the export market.
"Assuming little change in raw material costs, I forecast Titan sales to range $1.7 billion to $1.9 billion for 2012. This sales range is projected to generate an EBITDA from $225 million to $300 million.”
There are catalysts that may drive these ranges higher, he says. If the necessary equipment is installed at the respective facilities by September 2012, sales could exceed $2 billion.
(The 2012 forecast does not include any anticipated acquisitions; details of any pending acquisitions would not be available for discussion until a public announcement is filed by the company.)
Sales for 2011 are expected to be in range estimated in Titan's September guidance: $1.4 billion.
“We exit the year with much optimism for what lies ahead for ag, construction and earthmoving business,” says Taylor. "2012 will be a real wild ride!”