Titan Reports Q1 Earnings
Titan International, Inc. , a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today reported financial results for the first quarter ended March 31, 2026. 聽
Q1 2026 Key Figures
- Revenues grew 2.9% to $505 million
- Gross margin improved to 14.1%
- Adjusted EBITDA increased to $31 million
Paul Reitz, President and Chief Executive Officer, commented, 鈥淥ur Q1 2026 results were at the high end of our expectations as our team executed well against a macro backdrop that continued to be very dynamic. 聽EMC was our best-performing segment, with growth over 11% versus the prior year period. 聽Gross margin in the segment improved 90 basis points to 11.3% as top-line growth allowed for improved fixed cost leverage. 聽Our Ag segment also recorded modest growth while Consumer fell by only 1.6%. 聽Notwithstanding the geopolitical and tariff volatility, we had a strong quarter with revenues up nearly 3% with increased gross margin and Adjusted EBITDA.鈥
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