| Address:
|
2701 SPRUCE ST
|
| City: |
QUINCY |
|
State: |
IL |
|
Zip Code: |
62301 |
| Telephone: |
217-228-6011 |
|
Description of Business
|
Primary SIC Code:
3312 |
| (As filed with the SEC)
|
|
|
Titan International, Inc. and its subsidiaries (Titan or the Company) hold the
unique position in North America of manufacturing both wheels and tires for its
target markets. As a leading manufacturer in the off-highway industry, Titan
produces a broad range of specialty products to meet the specifications of
original equipment manufacturers (OEMs) and aftermarket customers in the
agricultural, earthmoving/construction and consumer markets. Titan's
earthmoving/ construction market includes wheels and tires supplied to the
mining industry, while the consumer market includes products for all-terrain
vehicles (ATVs) and recreational/utility trailers.
As one of the few companies dedicated to off-highway wheel and tire products,
Titan's engineering and manufacturing resources are focused on designing quality
products that address the real-life concerns of our end-users. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.42 | 0.005 | 35.71 | | 06/2011 | 0.28 | 0.005 | 86.64 | | 03/2011 | -0.12 | 0.005 | N/E | | 12/2010 | 0.01 | 0.005 | 1954.00 | | 09/2010 | -0.46 | 0.005 | N/E | | 06/2010 | -0.89 | 0.005 | N/E | | 03/2010 | -0.85 | 0.005 | N/E | | 12/2009 | -0.71 | 0.005 | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.02 | Total Liab/Total Assets | 0.65 | | Net Inc/Total Assets | -0.01 | Total Liab/Inv Cap | 0.74 | | Net Inc/Inv Cap | -0.01 | Total Liab/Comm Equity | 1.82 | | Pretax Inc/Net Sales | -0.01 | Interest Coverage Ratio | 0.66 | | Net Inc/Net Sales | -0.01 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.06 | LTD/Equity | 1.37 | | SG&A/NetSales | 0.07 | Total Debt/Equity | 1.37 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 9.60 | Quick Ratio | 3.93 | | Inventory Turnover | 6.81 | Current Ratio | 5.21 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.22 | | Net Sales/Work Cap | 2.27 | Inv/Curr Assets | 0.25 | | Net Sales/PP&E | 3.55 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
398.81
|
404.45
|
280.83
|
232.67
|
|
Cost of Goods Sold
|
345.81
|
340.11
|
224.56
|
216.52
|
|
Selling & Admin Exps
|
8.55
|
16.57
|
25.29
|
21.56
|
|
Operating Income
|
41.39
|
44.40
|
26.88
|
-9.14
|
|
Interest Exp
|
6.62
|
6.15
|
6.28
|
6.95
|
|
Pretax Income
|
34.22
|
40.52
|
4.66
|
-26.67
|
|
Other Income
|
-0.56
|
2.27
|
-15.94
|
-10.58
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
21.16
|
25.56
|
-3.04
|
-16.59
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
122.40
|
114.16
|
230.05
|
239.50
|
|
Receivables - Total
|
230.77
|
259.67
|
155.07
|
105.04
|
|
Inventories - Total
|
183.15
|
174.37
|
123.84
|
118.14
|
|
Total Current Assets
|
567.41
|
577.87
|
526.98
|
481.35
|
|
Net Property, Plant & Equipment
|
333.58
|
353.55
|
242.06
|
248.05
|
|
Total Assets
|
1,011.21
|
1,065.38
|
818.38
|
780.88
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
98.90
|
114.84
|
45.19
|
35.28
|
|
Debt in Current Liabilities
|
8.23
|
10.33
|
NA
|
NA
|
|
Total Current Liabilities
|
195.67
|
227.52
|
110.73
|
92.35
|
|
Long-Term Debt
|
317.88
|
317.88
|
312.88
|
373.56
|
|
Total Liabilities
|
621.15
|
674.61
|
473.81
|
508.85
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
2.28
|
1.92
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.04
|
0.04
|
0.04
|
0.03
|
|
Retained Earnings
|
52.80
|
31.85
|
6.50
|
9.74
|
|
Treasury Stock
|
-18.68
|
-19.41
|
-20.27
|
-21.24
|
|
Total Stockholders' Equity
|
390.07
|
390.78
|
344.57
|
272.03
|
|
Total Liabilities and Stockholders' Equity
|
1,011.21
|
1,065.38
|
818.38
|
780.88
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
18.95
|
-25.04
|
-5.60
|
43.06
|
|
Net Cash Provided by Investing Activities
|
-37.16
|
-105.07
|
-2.85
|
-8.78
|
|
Net Cash Provided by Financing Activities
|
-0.84
|
14.19
|
-1.01
|
45.91
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 679.45 | 5.14 | 0.21 | | 12/2007 | 837.02 | -7.25 | -0.22 | | 12/2008 | 1,036.70 | 13.34 | 0.38 | | 12/2009 | 727.60 | -24.64 | -0.71 | | 12/2010 | 881.59 | -5.93 | 0.01 | | Growth Rates | 6.73 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 194 | 47,456 | -- |
|
Report Date :
2/6/2012
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