Titan's Sales, Income Grew in First Quarter

Titan International LLC posted revenue of $505.1 million during the first quarter of 2026, a 2.9% year-over-year increase.

Titan's first quarter gross profit totaled $71.4 million versus $68.6 million during the same period last year.

According to Titan officials, the sales gain was driven by "foreign currency translation ... largely due to the strengthening of the Brazilian real and euro against the U.S. dollar and favorable pricing related to higher input costs. These increases were partially off-set by lower sales volumes resulting from reduced customer demand," particularly in the agricultural segment.

"The improvement in gross profit and margin was driven by focused cost reduction and productivity initiatives, which continued to be executed across our gloabl production facilities."

During the quarter, Titan announced it will close its Jackson, Tenn., plant in October 2026.

Results by segment

In the ag tire segment, Titan achieved $198.3 million in sales during the first quarter of 2026 versus $197.7 million during the same period in 2025. Gains were partially off-set by lower sales volumes in the Americas, "driven by lower farm income, higher financing costs and continued inventory reduction by OEM customers."

Titan's gross profit during the quarter came to $24 million, slighty down from the $24.5 million recorded during the same period last year, mainly due to "lower sales volumes and the resulting reduced fixed cost leverage," according to Titan officials.

Titan achieved revenue increases in its earthmover/construction (EMC) tire business, posting $159.5 million during the first three months of 2026 versus $143.3 million during the first quarter of 2025. The gain was driven by higher sales volumes in the Americas, among other factors.

Gross profit in the earthmover/construction tire segment totaled $18.1 million versus $14.9 million during the first three months of 2025. The increase "was mainly driven by higher sales volumes and improved fixed cost leverage."

CEO comments

Titan President and CEO Paul Reitz says Titan's first quarter results "were at the high end of our expectations, as our team executed well against a macro backdrop that continued to be very dynamic. EMC was our best-performing segment, with growth over 11% versus the prior year period. Gross margin in the segment improved 90 basis points to 11.3% as top-line growth allowed for improved fixed cost leverage.

"Titan is built to be resilient in market conditions such as this. We have a diversified portfolio of products, strategically positioned global plants and a one-stop shop distribution channel that is surrounded by a team that is highly energized for our customers. In times like this, we help our customers remain flexible in serving their end markets."

Full-year guidance

Tony Ehli, Titan's chief financial officer, says Titan expects its second quarter sales to be "between $470 million and $490 million" with adjusted EBIT "between $25 million and $30 million."

For the entire year, Titan expects to achieve between $1.85 billion and $1.95 billion in sales and adjusted EBITDA of between $105 million and $115 million.

He confirmed that the closing of Titan's Jackson plant is being executed at "a solid place. This action will streamline our manufacturing footprint by improving our capacity utilization."