QUINCY, Ill. — Titan International Inc. reported a 52.6-percent improvement in its second quarter earnings from operations on 10.4-percent higher sales, but the company was in the red on an operating and net basis for the six months ended June 30.
The sales improvement — the company's second consecutive quarter of "significant" growth after a four-year period of "protracted downturn" — prompted Titan President and CEO Paul Reitz to profess optimism heading into 2018.
"As we've worked our way through the downturn over the past few years," Mr. Reitz said, "the Titan team has consistently deployed a balanced, disciplined approach focused on the needed short-term actions to balance costs with net sales, while also looking to the future with our investment decisions.