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Articles Tagged with ''Titan International''

Titan International Reduces Stake in Indian Wheel Maker

October 8, 2019 | Posted in Equipment & Equipment Sales

Titan International announced that on Oct. 3, 2019, through one of its wholly-owned subsidiaries, the company completed the sale of shares of Wheels India Ltd. in on-market trades on the National Stock Exchange of India Ltd. The sale reduces the company's indirect ownership interest in Wheels India from approximately 34.2% of the outstanding shares of Wheels India to approximately 23.8%.

Titan International Settles Russia Unit Put Option, Mulls ITM Listing

August 22, 2019 | Posted in Mergers & Acquisitions

U.S. tire and wheel maker Titan International has settled in full a put option related to investors in Voltyre-Prom, the off-highway tire manufacturing operation that Titan bought into 6 years ago.

Titan International 2Q19 Net Sales Dip 8.9%; Ag Segment Down 6.5%

August 1, 2019 | Posted in Earnings Reports

Gross profit for the second quarter ended June 30, 2019, was $38.3 million, compared to $58.3 million in the comparable prior year period. Gross margin was 9.8% of net sales for the latest quarter, compared to 13.6% of net sales in the comparable prior year period.

Titan International 1Q19 Revenue Declines 3.5%; Ag Business Slips 1.3%

May 6, 2019 | Posted in Earnings Reports

Ag and construction equipment wheel and tire maker Titan International reported 3.5% fall off in revenue driven by sales decreases in each of its major business segments, including agriculture, earthmoving & construction and consumer.

Titan International to Buy Back Up to $25 Million of Its Own Shares

March 26, 2019 | Posted in Equipment & Equipment Sales

Source: Titan International Inc.

Repurchases of company stock will be made from time to time in accordance with applicable securities laws in the open market and/or in privately negotiated transactions, and will include repurchases pursuant to Rule 10b5-1 trading plans.

2018 Ag Sales Up Slightly as Titan International’s Overall Net Sales Rise 9%

March 7, 2019 | Posted in Earnings Reports

Off-road tire and wheel maker, Titan International, posted a 9.1% gain in net sales in 2018 vs. 2017, with net sales for the full year 2018 at $1.6 billion.

Titan International Reaches Agreement with RDIF on Put Option

February 14, 2019 | Posted in Equipment & Equipment Sales

U.S. tire and rim maker Titan International is to pay $25 million in cash and issue $25 million in shares to satisfy a settlement put option exercised by one of two fellow shareholders in Voltyre-Prom, a Russian agricultural and industrial tire operation.

Titan International Signs Letter of Intent for Settlement Put Option

January 15, 2019 | Posted in Ag Equipment Business, Ag Equipment Worldwide

Titan International announced on Jan. 3 that it and the Russian Direct Investment Fund (RDIF), one of the three shareholders of Voltyre-Prom, have entered into a Non-Binding Letter of Intent relating to the settlement put option that was exercised by RDIF.

Titan International Offers Stock for Russian Settlement Put Option

December 28, 2018 | Posted in Ag Equipment Worldwide

Senior executives at Titan International worked during the Christmas and New Year holiday period to secure approvals for issuing stock to a co-shareholder in its Russian tire manufacturing operation to meet a settlement put option.

Roundup of the Latest Quarterly Earnings

November 17, 2018 | Posted in Earnings Reports

Ag equipment manufacturers and dealers have in recent weeks released their quarterly earnings. Sales for equipment manufacturers and/or their agricultural segments largely improved the last three months. Meanwhile, Canada’s largest dealership network announced it was opening a used equipment outlet in Kansas, marking the most recent step in its foray into the U.S. in accordance with its 5 year growth plan.

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[Technology Corner] Precision Farming Dealer Summit Just What the Doctor Ordered After Challenging Year

We’ve been busy over here in the Technology Corner preparing for the 10th annual Precision Farming Dealer Summit, taking place Jan. 6-7 in downtown Louisville, Ky. Skip Klinefelter, CEO of Ag Technology Solutions Group in Greenville, Ill., will be one of several speakers sharing their unfiltered perspective on the state of precision ag.

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