Titan International Q3 sales miss estimates on consumer segment softness
TWI•Titan International reported Q3 sales of $335 million, below the $448.82 million consensus estimate, with adjusted EBITDA of $16 million and gross margin of 14.7%. The company expects Q4 sales of $410 million to $430 million and FY 2026 sales of $1.85 billion to $1.87 billion, including ITM operations.
1. Q3 results
Titan International’s Q3 sales were $335 million, missing analyst expectations of $448.82 million. Adjusted EBITDA was $16 million, and gross margin reached 14.7%.
2. Segment performance
Agriculture segment sales fell 12% as high interest rates, diesel and fertilizer costs, and macro concerns weighed on demand. Earthmoving and construction sales grew 5% with improved margins, while consumer segment sales declined 3% compared with an abnormally strong Q3 last year.
3. Outlook
Titan expects Q4 sales of $410 million to $430 million and FY 2026 sales of $1.85 billion to $1.87 billion, including ITM operations. The company said elevated interest rates, fuel and fertilizer costs continue to weigh on end markets.
