Titan posts profit, sales increase in first quarter

From Rubber & Plastics News

Quincy, Illinoi-Tyre and wheel maker Titan International Inc. reported a net profit of $5.3 million in the first quarter of 2004, its highest quarterly operating income since 1998, the company announced 29 April.

Titan’s earnings figure compared favorably with the net loss of $5.9 million posted in the first quarter of 2003. The firm’s operating income was $11.8 million, up from a $1.7 million loss last year, and the most reported by Titan since the second quarter of 1998.

The company had net…

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