QUINCY, Ill. (Dec. 8, 2010)—Titan International Inc. Chairman and CEO Maurice M. Taylor Jr. will discuss the company's goals and the outlook for 2011 in a conference call with investors at 1 p.m. ET on Thursday, Dec. 9.
In prefacing his company's forecast for the coming year, Taylor called 2010 “a great building year for Titan and I believe that 2011 will be our best year ever from what I see today. Farm is strong, earthmover is getting better and there is a favorable export market. If steel and rubber prices stay where they are or go up a little, then I project Titan's sales to range between $950 million to $1.1 billion for 2011.”
That would generate, he said, an EBITDA (earnings before interest, taxes, depreciation and amortization) range from $105 million to $125 million.
“The above numbers are based on internal growth and what Titan's management team believes we can do in 2011,” Taylor said. “Everyone knows we have been working on a number of acquisitions. I believe these will come to fruition, which implies sales and EBITDA could go much higher however, we are unable to discuss until there is a public announcement of any deals.”
To participate in Taylor's conference, call 800-288-8974 or, for international callers, 612-332-0335.