Titan says 'only way is up' after first half declines

West Chicago, Illinois - Titan International has seen its first half sales and profits decline but expects ‘macro tailwinds’ to help improve results in the second half of 2025.

Gross profits for the first six months of the year fell 12% year-on-year to $157 million (€135 million), the US company reported 31 July.

Meanwhile, sales at the off-highway wheels and tire producer dropped to $950 million from $1 billion reported for the period last year.

“Overall conditions in our end markets are currently defined primarily by the impact of higher interest rates and tariff uncertainty,” said Paul Reitz, president and CEO.

In the near term, however, Reitz said he remained confident that wheel and tire inventories throughout the chain were “reaching levels where the only path forward is up.”

“We are well-positioned… and fully expect to see improving financial results as macro tailwinds begin to emerge," he added.

For the third quarter, Titan expects sales of between $450 milllion and $475 million, and adjusted earnings (EBITDA) of between $25 million and $30 million.

Both estimates, it noted, represent improvements compared to the third quarter of 2024.