NYSE$TWI
Titan International Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Titan International reported a decrease in net sales and a net loss applicable to common shareholders for Q4 2019.
Titan International's Q4 2019 results showed a decrease in net sales to $301.8 million compared to $363.4 million in Q4 2018. The company reported a net loss applicable to common shareholders of $24.8 million, or $(0.41) per share, compared to a net loss of $13.4 million, or $(0.22) per share, in the same period last year. The adjusted EBITDA was $(2.9) million in Q4 2019 compared to $14.8 million in Q4 2018.
- Net sales decreased by $61.6 million YOY to $301.8 million, or $308.2 million on a constant currency basis.
- Loss from operations was $17.5 million.
- Net loss applicable to common shareholders was $24.8 million, with EPS of $(0.41) and adjusted EPS of $(0.40).
- Adjusted EBITDA was $(2.9) million.
Headline financials
Revenue & EPS history
Titan · Revenue · Quarterly
$302M
Revenue by segment
Titan · $302M total across 3 segments · Q4 2019
- Agricultural$140M—46.4%
- Earthmoving/Construction$132M—43.6%
- Consumer$30.3M—10.0%
Forward guidance
Titan is targeting full-year EBITDA of $75 million excluding currency impacts, on relatively flat sales of approximately $1.45 billion.
Tailwinds
- North American farmer sentiment has improved.
- Operational cost structure actions are designed to drive improvements of $10 - $12 million.
- Strategic pricing that recognizes the value of our products is being introduced.
- North American Wheel operations are expected to perform significantly better.
- North American Ag OE customers should return to normalcy in terms of their production at retail levels.
Headwinds
- Markets are volatile.
- Markets are uncertain.
- There were poor Ag conditions due to North America weather.
- There were China trade battles.
- Primary OE customers producing below retail demand levels.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2019
-1.7%
Avg return
Earnings day
-1.3%
Avg return
5 days after
+2.7%
Avg return
30 days after
42%
27 / 65 earnings
Positive
+22.9%
Q2 2016
Best reaction
-34.2%
Q3 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.7% | -7.4% | — | |
| Q4 2025 | -5.8% | -12.7% | -35.3% | |
| Q3 2025 | -4.1% | -1.6% | +1.6% | |
| Q1 2025 | -13.6% | -6.9% | -1.5% | |
| Q4 2024 | -9.3% | -13.4% | -1.7% | |
| Q3 2024 | -11.4% | -11.3% | +0.7% | |
| Q2 2024 | -0.5% | -9.8% | -2.1% | |
| Q1 2024 | -5.2% | -17.6% | -25.0% | |
| Q4 2023 | -10.9% | -11.0% | -11.9% | |
| Q3 2023 | +3.1% | +10.0% | +18.8% | |
| Q2 2023 | -11.2% | -5.5% | -0.2% | |
| Q1 2023 | -1.1% | +3.8% | +7.6% | |
| Q4 2022 | -17.5% | -11.0% | -30.6% | |
| Q3 2022 | +1.2% | +0.3% | -5.5% | |
| Q2 2022 | -15.5% | -12.0% | -16.3% | |
| Q1 2022 | +16.5% | +12.5% | +29.8% | |
| Q4 2021 | +6.8% | +0.5% | +32.5% | |
| Q3 2021 | +10.3% | +10.2% | -6.8% | |
| Q2 2021 | +11.1% | +6.1% | +8.6% | |
| Q1 2021 | +1.6% | -5.6% | -13.9% | |
| Q4 2020 | -2.1% | -9.1% | +4.6% | |
| Q3 2020 | +15.3% | +73.6% | +105.6% | |
| Q2 2020 | +9.4% | +25.8% | +69.8% | |
| Q1 2020 | +6.3% | +3.6% | +67.6% | |
| Q4 2019 | -12.4% | -28.9% | -33.0% | |
| Q3 2019 | -4.2% | +15.3% | +1.7% | |
| Q2 2019 | -20.6% | -23.3% | -31.2% | |
| Q1 2019 | -16.1% | -18.6% | -38.1% | |
| Q4 2018 | -28.3% | -24.5% | +6.3% | |
| Q3 2018 | -3.5% | -0.9% | -15.7% | |
| Q2 2018 | -30.5% | -27.7% | -26.1% | |
| Q1 2018 | +16.1% | +10.6% | +9.9% | |
| Q4 2017 | +17.2% | +7.6% | +5.5% | |
| Q3 2017 | +14.5% | +15.4% | +22.7% | |
| Q2 2017 | -10.3% | -19.5% | -31.8% | |
| Q1 2017 | +10.8% | +2.8% | +7.9% | |
| Q4 2016 | -11.3% | -15.0% | -26.9% | |
| Q3 2016 | +5.2% | +10.6% | +19.3% | |
| Q2 2016 | +22.9% | +32.9% | +34.5% | |
| Q1 2016 | +0.6% | — | — | |
| Q4 2015 | +21.0% | — | — | |
| Q3 2015 | -34.2% | — | — | |
| Q2 2015 | +5.2% | — | — | |
| Q1 2015 | +15.7% | — | — | |
| Q4 2014 | +6.2% | — | — | |
| Q3 2014 | +3.8% | — | — | |
| Q2 2014 | -8.5% | — | — | |
| Q1 2014 | -7.5% | — | — | |
| Q4 2013 | -0.8% | — | — | |
| Q3 2013 | +2.0% | — | — | |
| Q2 2013 | -5.6% | — | — | |
| Q1 2013 | +7.6% | — | — | |
| Q4 2012 | -18.0% | — | — | |
| Q3 2012 | +13.0% | — | — | |
| Q2 2012 | -5.2% | — | — | |
| Q1 2011 | +13.4% | — | — | |
| Q1 2012 | +2.7% | — | — | |
| Q1 2010 | -5.8% | — | — | |
| Q4 2009 | -5.8% | — | — | |
| Q4 2011 | -5.8% | — | — | |
| Q3 2010 | -4.0% | — | — | |
| Q3 2011 | -4.0% | — | — | |
| Q2 2011 | -6.0% | — | — | |
| Q2 2010 | -6.0% | — | — | |
| Q4 2010 | -6.0% | — | — |
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