Titan International, Inc. filed an 8-K earnings release on October 29, 2026, reporting third-quarter 2026 financial results for continuing operations and updating full-year guidance amid the pending sale of its ITM undercarriage business.

Key Highlights

  • Q3 2026 revenues from continuing operations: $335 million, or $454 million inclusive of discontinued operations (ITM).
  • Gross margin: 14.7% for continuing operations in the third quarter ended September 30, 2026.
  • Adjusted EBITDA: $16 million from continuing operations; $28 million inclusive of ITM discontinued operations.
  • Free cash flow: $23 million generated during the quarter, according to the filing.
  • ITM sale: The pending sale of the Italtractor ITM undercarriage business to USCO S.p.A. is expected to close in early January 2027.
  • Updated Q4 2026 guidance: Sales of $410 million to $430 million and Adjusted EBITDA of between break even and $7 million, inclusive of ITM operations.
  • Full-year 2026 guidance: Sales of $1.85 billion to $1.87 billion and Adjusted EBITDA of $91 million to $101 million.

Titan International Reports Q3 2026 Results and Revised Outlook

Titan International, Inc. (NYSE:TWI), headquartered in West Chicago, Illinois, reported third-quarter 2026 results on October 29, 2026. According to the filing, revenues from continuing operations reached $335 million, while revenues including the ITM undercarriage segment - now classified as discontinued operations - totaled $454 million. The company reported that the $454 million figure was "above the midpoint of our guidance," and Adjusted EBITDA of $28 million inclusive of ITM was "within our guidance range," as stated by President and CEO Paul Reitz.

Among Titan's continuing business segments, the filing noted that EMC (earthmoving/construction) sales grew 5% with improved margins during the quarter, while Consumer segment sales declined 3% compared to what the company described as "an abnormally strong Q3 last year." The Agricultural segment declined 12%, which the company attributed to farmers remaining on the sidelines due to "high interest rates, diesel and fertilizer costs and other macro concerns." Gross margin for continuing operations came in at 14.7%, and the company generated $23 million in free cash flow.

Regarding the ITM divestiture, the filing states that Titan has announced an agreement to sell the ITM business to USCO S.p.A., with the transaction expected to close in January 2027 following regulatory review. CFO Tony Eheli stated that updated guidance reflects "the effect of current market conditions." The company's forward-looking statements, including all guidance figures, are the company's own and are subject to its cautionary language under the Private Securities Litigation Reform Act of 1995.

What Was Disclosed

Titan International disclosed Q3 2026 earnings results, segment-level commentary, the classification of ITM as discontinued operations tied to a pending sale to USCO S.p.A., and updated Q4 and full-year 2026 financial guidance, all as of October 29, 2026.