With an upside potential of 55.22%, Titan International, Inc. (NYSE:TWI) is among the 7 Best Heavy Equipment Stocks to Buy as Backlogs Hit Records.
On April 30, Titan International, Inc. (NYSE:TWI) reported first-quarter revenue of $505.07 million, surpassing consensus expectations of $497.24 million
President and Chief Executive Officer Paul Reitz stated that the company delivered results at the high end of internal expectations despite navigating a highly dynamic macroeconomic backdrop. The Earthmoving/Construction segment emerged as the company’s strongest-performing business during the quarter, posting growth exceeding 11% year over year. Gross margin within the segment improved by 90 basis points to 11.3%, supported by stronger revenue growth and improved fixed-cost leverage.
Management also noted that the agricultural business recorded modest growth while the consumer segment experienced only a limited decline, contributing to overall quarterly revenue growth of nearly 3% alongside higher gross margin and adjusted EBITDA performance. On the same day, Titan International, Inc. (NYSE:TWI) reaffirmed its fiscal 2026 adjusted EBITDA guidance range of $105 million to $115 million. Chief Financial Officer Tony Eheli stated that the company expects second-quarter sales to range between $470 million and $490 million, with adjusted EBITDA projected between $25 million and $30 million.