Titan International Expects Q3 Revenues Of $450M - $500M, Est $514.757M
Portfolio Pulse from Benzinga Newsdesk
Titan International (TWI) has provided financial guidance for Q3 2024, expecting revenues between $450M and $500M, which is below the estimated $514.757M. The company also projects adjusted EBITDA of $25M to $30M, free cash flow of $20M to $30M, and capital expenditures of $10M to $15M.
July 31, 2024 | 8:51 pm
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Titan International (TWI) has provided financial guidance for Q3 2024, expecting revenues between $450M and $500M, which is below the estimated $514.757M. The company also projects adjusted EBITDA of $25M to $30M, free cash flow of $20M to $30M, and capital expenditures of $10M to $15M.
The revenue guidance provided by Titan International is below the market estimate, which is likely to have a negative short-term impact on the stock price. The other financial metrics provided (adjusted EBITDA, free cash flow, and capital expenditures) are within reasonable ranges but do not offset the lower-than-expected revenue projection.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100