Titan Second Quarter Sales Results to Meet Analysts' Expectations
3 July 1997
Titan Second Quarter Sales Results to Meet Analysts' ExpectationsQUINCY, Ill., July 2 -- Titan International, Inc. has announced that it is anticipating record net sales for the second quarter of 1997. Overall market strength during the quarter ended June 30 has led the company to expect the record sales compared to second quarter of 1996, when net sales totaled $167 million. Titan anticipates meeting analyst consensus earnings per share projections that range from $.35 to $.37 on a fully diluted basis. "Second quarter has brought many exciting developments for Titan," stated Maurice Taylor, Jr., president and CEO of Titan. "Our new Grizz LSW series of wheel and tire assemblies has grabbed the attention of the off-highway tire industry. The Grizz LSW line begins in the fourth quarter of 1997, with a new wheel and tire size to be introduced every 90 days thereafter. We anticipate that these positive events will be beneficial to our shareholders." Final results for second quarter will be announced on July 17, 1997. Titan International, Inc. is a global manufacturer of mounted tire and wheel systems for off-highway equipment used in agriculture, construction, mining, military, recreation and grounds care. Titan has manufacturing and distribution facilities throughout the United States and Europe. SOURCE Titan International, Inc.