QUINCY, Ill. (Sept. 29, 2011)—Titan International Inc. now believes its 2011 sales and profits will be higher than previously expected.
The company is revising its sales projections for 2011 to be about $1.4 billion, up from the forecast of $1.2 billion to $1.35 billion issued in May. The firm's revised EBITDA will range from $175 million to $200 million, an increase from the May projections of $135 million to $155 million, said Maurice Taylor, chairman and CEO of Titan.
“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,” he said. “We are in a great position to grow and take advantage of opportunities to lead in our markets worldwide.”