Titan International Q3 Loss Widens to $42.74 Million as Sales Fall; TWI Down 25.83%

Titan International (TWI) reported a wider third-quarter net loss of $42.74 million, or $0.66 per share, compared with $2.26 million, or $0.04 per share, a year earlier, the off-highway wheel and tire maker said Thursday. Net sales fell to $335.18 million from $357.26 million. Adjusted net loss was $1.82 million, or $0.03 per share, versus adjusted income of $2.96 million, or $0.04 per share, last year. Adjusted EBITDA from continuing operations declined to $16.39 million from $20.31 million. CFO Tony Eheli said the company is updating fourth-quarter and full-year 2026 forecasts to reflect current market conditions, including ITM operations. Fourth-quarter sales are expected at $410 million to $430 million, with adjusted EBITDA from break-even to $7 million. Full-year 2026 sales are projected at $1.85 billion to $1.87 billion and adjusted EBITDA at $91 million to $101 million. TWI closed Thursday's trading down 25.83 percent and traded at $4.91 after hours.