Titan International, Inc. (NYSE:TWI) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Alan Snyder - Vice President, Financial Planning & Investor Relations Paul Reitz - President & Chief Executive Officer David Martin - Senior Vice President & Chief Financial Officer Conference Call Participants Steve Ferazani - Sidoti & Company Tom Kerr - Zacks Investment Research Kirk Ludtke - Imperial Capital Alexander Blanton - Clear Harbor Asset Management Operator Good morning, ladies and g ...

公司概况 - Titan是全球领先的越野轮胎、车轮和底盘设备制造商[5] 财务数据 - Titan的市值为8亿美元，企业价值为12亿美元[5] - Titan的总收入为17.6亿美元，调整后的EBITDA为1.87亿美元[5] - Titan的净债务为3.7亿美元，杠杆比率为2.0倍[6] - Titan预计年度调整后EBITDA将达到2.5亿至3亿美元[8] - Titan的调整后毛利率增加620个基点，调整后EBITDA年复合增长率为36%[30] 收购与战略 - Titan通过收购Carlstar Group实现了战略转型，提高了基线[8] - Titan通过Carlstar收购扩大了售后市场业务，预计将对利润率产生积极影响[9] - Titan通过收购Carlstar进一步多样化了产品组合[10] - Titan通过Carlstar收购增加了四家制造工厂，扩大了现有的轮胎/车轮组装能力[11] 产品创新 - Titan的产品创新包括Goodyear R14T Hybrid Ultimate Flex Technology® (UFT)和AG Low Sidewall Technology® (LSW®)[14] - LSW技术提供了优越的替代方案，减少了轮机对地面的压力[15] - LSW在OEM和Aftermarket渠道持续增长，扩大了分销范围[17] - LSW不断扩大轮胎和车轮的尺寸范围[18] 市场展望 - 农业领域的长期增长受到人口增长和可持续粮食需求的支持[23] - EMC领域主要收入来自ITM品牌的底盘部件和完整底盘解决方案[24] - 消费者领域收购Carlstar后增加了四个制造工厂和十二个分销中心[26] 财务表现 - 公司财务表现显著增强，营收年复合增长率为9%[30] - 2024年第一季度调整后每股收益为0.29美元[40] - 2024年第一季度调整后息税折旧摊销前利润（AEBITDA）为50百万美元[33]

财务表现 - 公司调整后EBITDA为4970万美元,同比下降26.5%[16] - 公司调整后每股收益为0.29美元,同比下降45.3%[17] - 2024年第一季度调整后EBITDA为4.971亿美元，同比下降26.5%[35] - 2024年第一季度调整后每股收益为0.29美元，同比下降45.3%[35] 收入情况 - 公司预计2024年第二季度收入将在5.25亿美元至5.75亿美元之间,调整后EBITDA将在4500万美元至5500万美元之间[3] - 2024年第一季度净销售额为4.822亿美元，同比下降12.1%[26] - 2024年第一季度欧洲/独联体地区销售额下降17.4%，拉丁美洲下降29.3%[36] - 2024年第一季度其他国际地区销售额下降0.1%[36] - 2024年第一季度美国销售额下降3.6%[36] 分部经营情况 - 农业分部销售额为2.397亿美元,同比下降21.6%,毛利率为16.9%,同比上升5.0%[9][10] - 工程/建筑分部销售额为1.652亿美元,同比下降16.9%,毛利率为13.9%,同比下降25.7%[11][12][13] - 消费者分部销售额为7733万美元,同比增长76.3%,毛利率为17.8%,同比下降14.0%[14][15] 现金流与资产负债 - 公司净债务为3.695亿美元,较2023年末增加1.638亿美元[18] - 公司经营活动产生的现金流为200万美元,同比下降22.1百万美元[19] - 2024年3月31日现金及现金等价物余额为2.036亿美元[27] - 2024年3月31日总资产为18.136亿美元，较2023年12月31日增加40.6%[27] - 2024年3月31日总负债为11.827亿美元，较2023年12月31日增加43.8%[27] - 2024年第一季度经营活动产生的现金流量为200.5万美元[28] - 2024年第一季度投资活动使用的现金流量为1.588亿美元，主要用于业务收购[28] - 2024年第一季度融资活动产生的现金流量为1.457亿美元，主要为借款所得[28] - 2024年3月31日净债务为3.695亿美元，较2023年3月31日的2.731亿美元增加35.1%[36] - 2024年第一季度自由现金流为负1.4602亿美元，较2023年同期的正1.2388亿美元下降[36] 收购与整合 - 公司完成收购Carlstar集团，实现"一站式"定位,为农业和消费者市场带来长期增长机会[2] - 2024年第一季度收购相关费用为619.6万美元[26]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-12936 TITAN INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Delaware 60185 (Zip Code) (630) 377-0486 (Registrant's telephone number, including area ...

Titan International, Inc. (NYSE:TWI) Q4 2023 Earnings Conference Call February 29, 2024 9:00 AM ET Company Participants Alan Snyder - VP, Financial Planning and Analysis Paul Reitz - President and CEO David Martin - SVP and CFO Conference Call Participants Larry De Maria - William Blair Steve Ferazani - Sidoti Tom Kerr - Zacks Investment Kirk Ludtke - Imperial Capital Operator Good morning ladies and gentlemen and welcome to the Titan International, Inc. Fourth Quarter 2023 Earnings Conference Call. At this ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for ...

Titan International, Inc. 1525 Kautz Road, Suite 600 West Chicago, IL 60185 Jeremy Hellman VP - The Equity Group jhellman@equityny.com Alan Snyder VP, Financial Planning & Investor Relations 630-251-0589 Alan.snyder@titan-intl.com FOR IMMEDIATE RELEASE Thursday, February 29, 2024 TITAN INTERNATIONAL, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2023 FINANCIAL PERFORMANCE FY 2023 Results Highlighted by Buoyant Margins and Strong Free Cash Flow Transformative Acquisition of Carlstar Group LLC. ("Carlstar") Exp ...

Titan International, Inc. (NYSE:TWI) Q3 2023 Earnings Call Transcript November 2, 2023 9:00 AM ET Company Participants Alan Snyder - Vice President, Financial Planning and Analysis Paul Reitz - President and Chief Executive Officer David Martin - Senior Vice President and Chief Financial Officer Conference Call Participants Steve Ferazani - Sidoti & Company Kirk Ludtke - Imperial Capital Lawrence Maria - William Blair Operator Good morning, ladies and gentlemen, and welcome to the Titan International, Inc. ...

CTT HCAN. INVESTOR PRESENTATION NOVEMBER 2023 NYSE: TWI Forward-Looking Statements & Non-GAAP Metrics Forward-Looking Statements The accompanying material includes forward-looking comments and information concerning the company's expectations and objectives for the future. Readers of this material should understand that these forward-looking statements are based on the Company's expectations and subject to a number of risks and uncertainties, certain of which are beyond the Company's control. Actual results ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-12936 TITAN INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 1525 Kautz ...