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Titan Reports First Quarter Profit

18 April 2000

Titan Reports First Quarter Profit

    QUINCY, Ill., April 18 Titan International, Inc.
(NYSE: TWI) has announced net sales of $164.3 million for the first quarter
ended March 31, 2000, compared to $158.6 million for the first quarter of
1999. Net income for the first quarter was $1.1 million, compared to $0.1
million for the first quarter of 1999.  Diluted earnings per share for the
first quarter of 2000 were $.05 versus $.01 for the same quarter of the
previous year.
    "Titan achieved its target of profitable first quarter results," stated
Maurice Taylor Jr., Titan president and CEO.  "Our employees' commitment and
extraordinary efforts are largely responsible for the company's positive
quarter.  A company-wide dedication to streamline costs combined with a modest
increase in orders from the agricultural equipment manufacturers made this
accomplishment possible."
    During the quarter, Titan hosted a successful open house for the media,
local and state officials of Texas to commemorate the introductory phase of
tire production at the Brownsville facility.  The one million square foot
building houses equipment to manufacture specialty tires for the agricultural,
construction and ATV markets.
    Titan is a global supplier of mounted wheel and tire systems for off-
highway equipment used in agriculture, construction, mining, military,
recreation and grounds care. Titan has manufacturing and distribution
facilities worldwide.

                          Titan International, Inc.
              Consolidated Statements of Operations (Unaudited)
              For The Three Months Ended March 31, 2000 and 1999

                                                       Three Months Ended
                                                           March 31,
                                                       2000          1999
    Net sales                                      $ 164,327      $ 158,610
    Cost of sales                                    143,431        137,995
      Gross profit                                    20,896         20,615

    Selling, general and administrative               11,286         13,442
    Research and development                           1,550          1,597
      Income from operations                           8,060          5,576

    Interest expense                                   6,563          5,550
    Other income                                        (216)          (181)
      Income before taxes                              1,713            207

    Provision for income taxes                           651             79

      Net income                                      $1,062           $128

    Earnings per common share:
      Basic                                             $.05           $.01
      Diluted                                            .05            .01

    Average common shares and
      equivalents outstanding
      Basic                                           20,666         20,911
      Diluted                                         20,666         20,911

    Amounts in thousands except earnings per share data.