Titan International Inc. posted sales of $255.5 million on net income of $10.3 million for the third quarter of 2008 versus sales of $195.5 million on a loss of $900,000 during the same period in 2007.
"Titan had the best third quarter in our history and we came close to breaking our all-time record," says Titan Chairman and CEO Morry Taylor.
"The third quarter is unique in that we typically close our facilities for one to two weeks for routine maintenance, our employees take the majority of their vacation time during this quarter and our OEM customers also shut down for a few weeks in this time period, as well."
Taylor believes that Titan will top itself during the fourth quarter.
