Titan International reports Q1 revenue up 2.9%, announces Tennessee plant closure

Filed April 30, 2026 · Period ending April 30, 2026 · ~1 min read

Key Changes

• high

  Q1 2026 revenue grew 2.9% to $505M with gross margin improving to 14.1% and adjusted EBITDA of $31M, driven by favorable FX and pricing offset by lower ag/consumer volumes.

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• high

  Company closing Jackson, TN plant by October 2026 to rationalize capacity post-Carlstar acquisition; recorded $2M restructuring and $23M non-cash impairment charges in Q1, expects cash benefits in 2027.

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• high

  Q2 2026 guidance of $470-490M sales and $25-30M adjusted EBITDA implies sequential decline; full-year guidance maintained at $1.85-1.95B sales and $105-115M adjusted EBITDA.

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