Titan International, Inc. (NYSE:TWI) reported fourth-quarter revenue ahead of market expectations on Thursday, supported by stronger performance in its earthmoving and construction business, although the company’s shares were little changed in after-hours trading.
The off-highway equipment manufacturer generated revenue of $410 million for the quarter, surpassing analyst estimates of $401.87 million and representing a 7% increase compared with the same period in 2024.
Outlook points to steady growth in 2026
Looking ahead, Titan expects first-quarter 2026 sales to range between $490 million and $510 million, alongside adjusted EBITDA of $28 million to $33 million.
For the full fiscal year, the company projected revenue of $1.85 billion to $1.95 billion, with the midpoint of $1.90 billion slightly above the analyst consensus of $1.86 billion. Full-year adjusted EBITDA is forecast between $105 million and $115 million.
Profitability strengthens in the quarter
Adjusted EBITDA for the fourth quarter rose 18% year over year to $11 million, while gross margin improved to 10.9%, reflecting operational efficiencies and favorable segment performance.
The Earthmoving/Construction segment delivered the strongest results, posting revenue growth of 21% along with a 3.4 percentage-point expansion in gross margin. Meanwhile, the Agricultural segment recorded more modest revenue growth of 2.6% during the period.
“We wrapped-up 2025 with another positive quarter as our Q4 2025 results exceeded Q4 2024 in terms of revenue, gross margin and adjusted EBITDA,” said Paul Reitz, President and Chief Executive Officer.
Chief Financial Officer Tony Eheli added, “We ended the year with a strong balance sheet and maintained a disciplined expense profile that drove improvements in margin and profitability, while allowing us to continue to invest in our product, people, and processes.”
Titan International manufactures off-highway wheels, tires, assemblies and undercarriage components used across agricultural, earthmoving and construction, and consumer end markets worldwide.