Titan Achieved Fourth Quarter Gains

Titan International Inc. posted $410 million in revenue during the fourth quarter of 2025, a year-over-year increase of 7%.

Titan grew its year-over-year EBITDA by 18% to $11 million during the fourth quarter of last year. The company reports that its gross margin increased to 10.9%.

“We wrapped up 2025 with another positive quarter as our Q4 2025 results exceeded Q4 2024 in terms of revenue, gross margin and adjusted EBITDA," says Titan President and CEO Paul Reitz. "Our EMC (earthmover and construction) segment was a standout performer, with revenue growth of 21% and gross margin expansion of 3.4 percentage
points. Importantly, we anticipate continued growth in this segment in 2026. Our ag segment recorded a top-line increase of 2.6% in the fourth quarter.

"Going into 2026 in ag we expect demand for smaller equipment to outpace high-horsepower units as farmers continue to contend with elevated input costs and weaker commodity prices. In our consumer segment, fourth quarter sales were up slightly within our Specialty division, while down modestly overall. 

"Focusing on 2026, OEMs and their dealer networks look to have generally reached the end of their finished goods destocking and we expect to see some benefit from that as a result. A resumption in demand would therefore flow through to demand for tires, wheels and other components. It also bears repeating that our consumer segment enjoys a high proportion of aftermarket sales and therefore is less susceptible to the OEM cycles.

"Over the past couple years, visibility across our end markets has been constrained and that added complexity creates an advantage for Titan with our One Stop Shop strategy," he continues. We remain well positioned for an ag market rebound and as always, we will continue to prioritize our customers and in doing so, we expect 2026 will be a good year for Titan.” 

Tony Eheli, Titan's chief financial officer, adds that the company "ended the year with a strong balance sheet and maintained a disciplined expense profile that drove improvements in margin and profitability, while allowing us to continue to invest in our product, people, and processes. We expect to start 2026 with a seasonal uptick in activity with Q1 sales between $490 million and $510 million and adjusted EBITDA between $28 million and $33 million. For the full year, we are expecting revenue in the $1.85 to $1.95 billion range with adjusted EBITDA between $105 million and $115 million.”

Growth factors

Titan's revenue increase "was driven primarily by an increase in volume in the earthmoving/ construction segment, notably in Europe and North America, and included a favorable 3.6% currency translation impact, mainly due to the appreciation of foreign currencies versus the U.S. dollar," according to company officials. "Margin gains were mainly due to "improved fixed cost leverage associated with higher sales volumes."

A look at segments

Titan's sales in the agricultural segment were $161.2 million "for the three months ended December 31, 2025, as compared to $157.1 million for the comparable period in 2024. The change in net sales was driven by a favorable 3.3% currency translation impact, due to the appreciation of foreign currencies versus the U.S. dollar. Excluding this currency impact, volumes remained comparable to the prior year period."

Titan posted $14.7 million in gross profit in the ag segment for the fourth quarter of 2026
versus $14.3 million during the comparable period in 2024. "Gross margins were
consistent across both periods due to similar sales volume levels," according to Titan officials.

In its earthmover/construction segment, Titan recorded net sales of $140.7 million versus $116.3 million during the same period in 2024. "This increase was attributed to improved
demand in the global undercarriage business and North America light construction tires. 
Gross profit in the earthmoving/construction segment was $13.0 million versus $6.9 million, during the last quarter of 2024. 

"Gross profit and margin changes were due to higher sales volume resulting in improved fixed cost leverage."