Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Rubber Division IEC
    • ITEC
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • War in Ukraine
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • 2022 Hose & Belt Manufacturers Conference
    • 2022 International Silicone Conference
    • 2022 International Tire Exhibition & Conference (ITEC)
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
October 29, 2004 02:00 AM

Titan's sales, earnings rise in quarter

  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    QUINCY, Ill. (Oct. 29)—Tire and wheel maker Titan International Inc. reported earnings and sales increases during the third quarter.

    The company posted net income of $1.48 million on net sales of $116.5 million, up from a loss of $13.4 million on sales of $111.2 million in the third quarter of 2003, Titan reported Oct. 29. The quarter was the third consecutive three-month period in which it reported a net profit.

    Through nine months, Quincy-based Titan posted net income of $12.4 million on sales of $404.7 million, compared to a net loss of $27.4 million on sales of $371.2 million in 2003.

    Maurice Taylor Jr., Titan CEO and president, credited the company's commitment to product innovation, manufacturing efficiencies and focused sales leading to the period's profit, especially considering the third quarter of the year typically is negatively impacted by seasonal equipment manufacturer shutdowns.

    "Many of our customers are still forecasting sales growth through 2005, and Titan is ready to meet the wheel and tire needs of the agricultural, construction and consumer industries," Taylor said. "The refinancing of the company's debt allowed us to secure extended terms through 2009, ensuring the continued financial strength of Titan."

    Letter
    to the
    Editor

    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].

    Most Popular
    1
    Parker-Hannifin to sell Avon, Ohio-based unit for $440 million
    2
    Wacker aims to increase global silicone capacity
    3
    Hankook christens tire proving grounds
    4
    John Carroll explores silicone's history in keynote presentation
    5
    Succession plan, investments build foundation for RubberForm's future
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Rubber Division IEC
      • ITEC
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • War in Ukraine
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • 2022 Hose & Belt Manufacturers Conference
        • 2022 International Silicone Conference
        • 2022 International Tire Exhibition & Conference (ITEC)
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
    • Advertise
    • DIGITAL EDITION