Titan International reports Q1 adjusted EPS 29c vs. 53c last year

Reports Q1 revenue $482.2M vs. $548.6M last year. Paul Reitz, President and Chief Executive Officer, stated, “The last two months have been very exciting for us as we have been running full speed integrating Carlstar into our existing operations. I have been particularly impressed by the enthusiasm I see from everyone at Titan and our new team members that joined us with the acquisition. One of the key strategic rationales for the acquisition was our expected ability to be a ‘one stop shop’ for customers by delivering best in class products with a deep portfolio for both aftermarket and OEM channels. From top to bottom, our employees understand this vision and are working hard every day to make it happen. We have made a lot of progress integrating Carlstar’s operations and are very pleased by the initial feedback we’ve received from the market on the ‘new Titan’ and how that benefits our customers.”