Titan International, Inc. has released its second quarter 2025 earnings, reporting a net sales increase of 12% to $456 million. Gross profit for the quarter was $78 million, up 14% from the same period last year. The company's net income for the quarter was $12 million, a 20% increase from the previous year.
In terms of segment performance, the company's agricultural segment saw a 10% increase in sales to $290 million, while the earthmoving/construction segment reported a 15% increase in sales to $166 million. Gross profit for the agricultural segment was $50 million, up 12% from the previous year, and the earthmoving/construction segment reported a gross profit of $28 million, a 16% increase year-over-year.
Titan International's adjusted EBITDA for the quarter was $45 million, marking a 17% increase from the same period in 2024. The company's free cash flow for the quarter was $15 million, representing a 25% increase from the previous year.
Furthermore, the company reported a reduction in its debt by $30 million, bringing the total debt reduction for the year to $50 million. This reduction in debt has positively impacted the company's financial position and liquidity.
Following these announcements, the company's shares moved 0.24%, and are now trading at a price of $8.48. If you want to know more, read the company's complete 8-K report here.
