QUINCY, Ill. (July 19)—Titan International Inc.´s second-quarter sales decreased and net income increased during the period ended June 30, primarily due to the sale of its original equipment consumer tire business to Carlisle Cos. Inc. in April. Sales fell 8.5 percent from the same period in 1999 to $145.6 million and dipped 2.4 percent for the year to $309.9 million. Net income for the quarter blossomed to $18.9 million, compared to $265,000 in 1999. That figure was bolstered by a $38.7 million gain from the Carlisle sale.
Titan boosts second-quarter earnings after Carlisle deal
Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].