Morry Taylor prepares to 'sing' for the holidays
Titan International Inc. Chairman and CEO Maurice "Morry" Taylor Jr. will discuss goals for the company and outlook for 2011 in a conference call on Thursday, Dec. 9, 2010.
The conference call will be held at 1 p.m. EST for investors who would like to discuss his 2011 goals. To participate, call (800) 288-8974 (domestic) or (612) 332-0335 (international).
Here are a few sneak peeks at what he will discuss, courtesy of Taylor himself.
* "2010 has been a great building year for Titan, and I believe that 2011 will be our best year ever from what I see today. Farm is strong, earthmover is getting better and there is a favorable export market."
* "If steel and rubber prices stay where they are or go up a little, then I project Titan’s sales to range between $950 million to $1.1 billion for 2011. This amount of revenue should generate an EBITDA range from $105 to $125 million."
* “The above numbers are based on internal growth and what Titan’s management team believes we can do in 2011. Everyone knows we have been working on a number of acquisitions. I believe these will come to fruition, which implies sales and EBITDA could go much higher; however, we are unable to discuss (them) until there is a public announcement of any deals.”
* “Sales for 2010 will come close to the high range I provided in last year’s guidance."
"We are excited about our great future at Titan," says Taylor. "It is going to be a wild ride! Merry Christmas, Happy Hanukkah, and I wish you a healthy and Happy New Year.”
For more information on Titan, visit www.titan-intl.com.