Titan International: Fourth Quarter Earnings Overview

Titan International Reports Fourth Quarter Loss

Titan International Inc., headquartered in West Chicago, Illinois, announced on Thursday that it recorded a net loss of $56 million for the fourth quarter.

The company reported a per-share loss of 88 cents during this period. After excluding one-time expenses, the adjusted loss was 27 cents per share.

These figures did not meet analysts’ expectations, as a survey by Zacks Investment Research of three analysts had predicted a loss of 26 cents per share.

During the quarter, Titan International generated $410.4 million in revenue.

Looking at the full year, the company posted a total loss of $63.5 million, or $1 per share, with annual revenue reaching $1.83 billion.