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Titan International Inc

Titan International, Inc., together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway industry in North America, Europe, CIS, Latin America, Asia, and internationally. It operates through Agricultural, Earthmoving/Construction, and Consumer segments. The company offers wheels, tires, and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment; and agricultural tires under the Goodyear Farm Tire, Titan Tire, Carlstar, ACES, and Voltyre-Prom brands. It also provides wheels, tires, and undercarriage systems and components for various types of off-the-road earthmoving, mining, military, construction, and forestry equipment, such as skid steers, aerial lifts, cranes, graders and levelers, scrapers, self-propelled shovel loaders, articulated dump trucks, load transporters, haul trucks, backhoe loaders, crawler tractors, lattice cranes, shovels, and hydraulic excavators under the Titan brand. In addition, the company manufactures and distributes wheels and tires for end-market verticals comprising outdoor power equipment, power sports, and high speed trailers; and manufactures and sells small to midsize agricultural tires under the Carlstar, ITP, Black Rock, Goodyear, and Unique brands. Further, it is involved in the provision of wheel and tire assembly services; manufactures bias truck and light truck tires; and sale of rubber stocks. The company sells its products directly to original equipment manufacturers, as well as to the aftermarket through independent distributors, equipment dealers, and its distribution centers. Titan International, Inc. was founded in 1890 and is headquartered in West Chicago, Illinois.

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TWI

重機株の第1四半期決算:テレックスは売上高41.1%増、ダグラス・ダイナミクスがトップ、リンゼイは低迷

重機業界の第1四半期決算シーズンでは、追跡対象の21社の間でまちまちの結果となり、総売上高はアナリスト予想を1.2%上回った一方、翌四半期のガイダンスは予想通りでした。テレックスは売上高17億3000万ドルを報告し、前年同期比41.1%増で予想を2.6%上回りましたが、EPSと通期EBITDAガイダンスでは未達でした。ダグラス・ダイナミクスが最も好調で、売上高1億3780万ドルは前年同期比19.8%増、予想を3.4%上回り、同業他社の中で最も高い通期ガイダンスの上方修正を行いました。リンゼイは最も弱く、売上高1億5770万ドルは前年同期比15.7%減、予想を4.2%下回り、調整後営業利益とEPSでも大幅な未達となりました。その他の注目すべき結果として、パッカーの売上高67億8000万ドルは8.9%減で予想をわずかに下回り、タイタン・インターナショナルの売上高5億510万ドルは2.9%増で予想を上回りましたが、ガイダンス更新は最も弱いものでした。
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