Titan posts Q2 sales of $121 million

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Titan International Inc. achieved net sales of $121.1 million during the second quarter, a 29% increase over $94 million pro forma (adjusted to reflect the sale of Titan Europe) during the same period last year.

Titan´s Q2 2004 net income totaled $5.6 million. During the second quarter of 2003, Titan lost $8.2 million.

For the first half of 2004, Titan´s net sales were $288.2 million vs. $260 million during the first six months of 2003.

"The first half of 2004 has shown solid progress for Titan," says Titan CEO and President Morry Taylor, who adds that the company´s 2005 outlook is "positive."

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