Monitor Q4 results for further deterioration in Ag and Consumer segments; track ITM sale closing in January 2027 and use of proceeds for debt reduction; watch for any additional guidance revisions given macro uncertainty.
Price Chart
Executive Summary
Titan International reported Q3 2026 revenue of $335M from continuing operations (or $454M including discontinued ITM), below the $448.8M consensus. Adjusted EBITDA of $16M (continuing) or $28M (including ITM) was within guidance. The company lowered Q4 2026 guidance to $410M-$430M sales and break-even to $7M Adjusted EBITDA, reflecting ongoing macro headwinds. The pending ITM sale is expected to close in January 2027.
Key Financial Metrics
Key Facts
- Q3 2026 continuing operations revenue $335M (including ITM $454M) vs consensus $448.8M
- Q3 2026 Adjusted EBITDA $16M continuing, $28M including ITM
- Q4 2026 guidance: sales $410M-$430M, Adjusted EBITDA break-even to $7M
- FY 2026 guidance: sales $1.85B-$1.87B, Adjusted EBITDA $91M-$101M
- Ag segment sales declined 12% YoY; Consumer down 3%; EMC grew 5%
- ITM undercarriage business classified as discontinued operations, pending sale to USCO S.p.A. expected to close January 2027
- Gross margin 14.7% on continuing operations
- Free cash flow of $23M in Q3
Financial Impact
Revenue miss of ~$114M vs consensus on continuing basis; guidance for Q4 implies further sequential decline; full-year guidance cut
Segment Breakdown
| Segment | Growth |
|---|---|
| EMC | +5.0% |
| Consumer | -3.0% |
| Ag | -12.0% |
Risk Factors
- Continued weakness in agricultural end market due to high interest rates and input costs
- Pending ITM sale may face regulatory delays or termination
- Q4 guidance implies near break-even Adjusted EBITDA, leaving little margin for error
- Macroeconomic uncertainty could further pressure demand
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302922816 |
Track record builds as more directional reports settle.
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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