Titan International, Inc. reported its second quarter 2025 earnings, with a total net sales of $514 million, a significant increase of 20% compared to the same period last year. Gross profit for the quarter was $91 million, representing a 17% increase year-over-year. The company's net income also saw a substantial rise to $18 million, marking a 38% increase from the previous year.
In terms of segment performance, the agricultural segment achieved net sales of $320 million, a 25% surge from the second quarter of 2024. The earthmoving/construction segment also experienced growth, with net sales reaching $194 million, a 13% increase compared to the same period last year.
Furthermore, the company's adjusted EBITDA for the quarter stood at $65 million, demonstrating a strong 21% growth from the second quarter of 2024. Titan International, Inc. also revealed that it had reduced its total debt by $35 million, showcasing a commitment to financial prudence and stability.
Paul Reitz, the President and CEO of Titan International, Inc., expressed satisfaction with the company's performance, emphasizing the successful execution of strategic initiatives and the ability to capitalize on market opportunities. The company remains optimistic about its outlook for the remainder of 2025, backed by its strong financial position and ongoing operational efficiency efforts. Following these announcements, the company's shares moved 0.24%, and are now trading at a price of $8.48. For the full picture, make sure to review TITAN INTERNATIONAL INC's 8-K report.
