Titan revises earnings guidance upwards

ERJ staff report (DS)

Quincy, Illinois --Titan International, Inc. has revised 2011 sales and EBITDA guidance upwards from its May 19, 2011 estimates.

"I am revising our latest sales projections for 2011 to be approximately $1.40 billion from the previous $1.20 to $1.35 billion issued in May. Revised EBITDA goals will range from approximately $175 to $200 million, an increase from the May projections of $135 to $155 million," said Maurice Taylor, Chairman and CEO of Titan.

He added, "Business at Titan is going strong as we enter into the second half of 2011 and we look forward to 2012 with much optimism based on demands of our customers and the potential growth for the company. We are in a great position to grow and take advantage of opportunities to lead in our markets worldwide,"

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Press release from Titan International