Filing Flows › Titan International (TWI) › Q1 2025
Titan International (TWI) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Titan International (TWI) reported revenue of $491M for the first quarter 2025 (Q1 2025), +2% from a year earlier and +28% from the quarter before. Operating margin was 2.4%, net earnings $22K (0.0% of revenue).
Titan International, Q1 2025: revenue $491M (+2% year over year), operating margin 2.4%, net earnings $22K, operating cash flow −$38.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $491M | +28% | +2% |
| Gross profit | $68.6M | +67% | -11% |
| Operating profit | $11.8M | — | -53% |
| Net earnings | $22K | -98% | -100% |
| Operating cash flow | −$38.6M | — | — |
What changed
Revenue was $490.7M in Q1 2025, up 2% year over year and up 28% from the previous quarter.
Gross margin was 14.0%, down 2.1 points from a year earlier. Operating profit was $11.8M, a 2.4% margin (down 2.8 points year over year). Operating profit fell $13.3M even though revenue rose $8.5M versus a year earlier, so costs grew faster than sales. Operating expenses grew 9% against revenue growth of 2%. The fastest-growing cost line was SG&A (+26%). Net earnings were −$649K. The effective tax rate was 99.5%.
Operating cash flow was −$38.6M. Non-cash charges added back $15.9M of depreciation and amortization. Working capital and other items used $54.5M. Capital expenditures of $15.0M exceeded it, leaving free cash flow of −$53.6M.
Questions
What was Titan International's revenue in the first quarter 2025?
Titan International (TWI) reported revenue of $491M for the first quarter 2025 (Q1 2025), +2% from a year earlier and +28% from the quarter before.
Was Titan International profitable in the first quarter 2025?
Operating profit was $11.8M (2.4% of revenue) and net earnings $22K.