Monitor Q4 2026 results for the magnitude of the seasonal Ag downturn and whether the ITM sale closes in January 2027 as expected, which would reduce debt by an undisclosed amount. The low Q4 adjusted EBITDA guidance (break-even to $7M) suggests continued margin pressure into early 2027.
Price Chart
Executive Summary
Titan International reported Q3 2026 continuing operations revenue of $335.2M, down 6.2% YoY from $357.3M, and a net loss from continuing operations of $8.8M vs a $7.7M loss a year ago. The Ag segment declined 12% while EMC grew 5%, and the company updated FY 2026 guidance to $1.85-$1.87B revenue and $91-$101M adjusted EBITDA, reflecting continued weak end-market conditions.
Key Financial Metrics
Key Facts
- Q3 2026 continuing ops revenue $335.2M, down 6.2% YoY from $357.3M
- Net loss from continuing ops $8.8M vs $7.7M loss in Q3 2025
- Agricultural segment revenue fell 11.7% YoY to $156.9M; gross profit down 48.9%
- Consumer segment revenue down 3.3% to $120.9M; gross profit up 13.8% due to $3.5M tariff refunds
- EMC segment revenue up 5.0% to $57.4M; gross profit up 22.7%
- Adjusted EBITDA from continuing ops $16.4M vs $20.3M in Q3 2025
- FY 2026 guidance updated: revenue $1.85-$1.87B, adjusted EBITDA $91-$101M
- Q4 2026 guidance: revenue $410-$430M, adjusted EBITDA break-even to $7M
- Pending sale of ITM business classified as discontinued ops; expected close January 2027
- Net debt of continuing ops $393.4M at Sep 30, 2026 vs $376.0M at Dec 31, 2025
Financial Impact
Revenue decline of 6.2% YoY; adjusted EBITDA from continuing ops fell 19.3% to $16.4M; guidance implies H2 weakness with Q4 adjusted EBITDA near break-even
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Agricultural | $156.9M | -11.7% |
| Consumer | $120.9M | -3.3% |
| EarthmovingConstruction | $57.4M | +5.0% |
Risk Factors
- Agricultural end-market weakness persisting due to high interest rates, fuel and fertilizer costs
- Pending ITM divestiture may face regulatory delays or closing conditions
- Net debt increased to $393.4M despite lower revenue base
- Consumer segment gross profit boosted by non-recurring $3.5M tariff refunds
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000899751-26-000084 |
| Document: twi-20261029.htm | 0000899751-26-000084 |
| Document: 0000899751-26-000084-index-headers.html | 0000899751-26-000084 |
| Document: 0000899751-26-000084-index.html | 0000899751-26-000084 |
| Document: 0000899751-26-000084.txt | 0000899751-26-000084 |
| 8-K Data (Synthetic) | 0000899751-26-000084 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | Press Release | $4.91 $4.65 | ▲ +5.30% | ▲ +3.52% | $4.65 (+5.30%) |
Oct 28, 2026 3d ago | 8-K | No price | awaiting T+1 | awaiting T+1 | No price |
Oct 27, 2026 4d ago | SC 13G/A | $6.62 $4.91 | ▼ −25.83% | ▼ −25.45% | $4.65 (−29.76%) |
Oct 16, 2026 15d ago | 8-K | $6.57 $6.76 | ▲ +2.89% | ▲ +2.56% | $4.65 (−29.22%) |
Sep 25, 2026 5w ago | 8-K | $7.00 $6.93 | ▼ −1.00% | ▼ −0.82% | $4.65 (−33.57%) |
Sep 21, 2026 5w ago | Press Release | $7.36 $7.49 | ▲ +1.77% | ▲ +1.78% | $4.65 (−36.82%) |
Jul 30, 2026 13w ago | Press Release | $7.36 $7.22 | ▼ −1.90% | ▼ −2.61% | $4.65 (−36.82%) |
Apr 29, 2026 26w ago | DEFA14A | $7.99 $7.62 | ▼ −4.63% | ▼ −5.65% | $4.65 (−41.80%) |
Feb 26, 2026 35w ago | 8-K | $9.90 $9.73 | ▼ −1.72% | ▼ −1.26% | $4.65 (−53.03%) |
US Market Status
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