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Nokian 2019 Agri and Forestry Tire Sales Up 8%

March 18, 2020 | Posted in Equipment & Equipment Sales

Growth in sales of agricultural, forestry and commercial vehicle tires produced record revenues for the Heavy Tyres division of Finnish manufacturer Nokian in 2019.

Titan International Reports 17% Drop in 4Q19 Net Sales

March 4, 2020 | Posted in Earnings Reports

Titan International Inc. (TWI), a global manufacturer of agricultural and other off-highway wheels, tires, assemblies, and undercarriage products, reported results for the fourth quarter and year ended Dec. 31, 2019.

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.

Trelleborg Net Sales Up 9% for FY18

March 20, 2019 | Posted in Earnings Reports

The agricultural and industrial tire business unit of Sweden’s Trelleborg Group increased sales and profitability last year as it continued to integrate CGS business and its Mitas agricultural products acquired mid-way through 2016.

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.

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