TWI News & Events

Aptiv (APTV) is spinning off Versigent (VGNT) in a transaction expected to be completed April 1. Post spin-off, Aptiv will remain in the S&P 500. Titan International's (TWI) market capitalization is no longer representative of the small cap market space.

Titan International announced a decision to consolidate production within its North American manufacturing footprint, which will result in the closure of its manufacturing facility in Jackson, Tennessee by the end of October. The company expects production currently performed in Jackson to be transitioned to other existing Titan facilities over the coming months. This action is part of Titan's ongoing efforts to optimize its manufacturing footprint and improve capacity utilization. The closure of the Jackson, TN facility will impact approximately 140 people and Titan will work with local leadership and provide assistance to impacted team members, including severance, benefits continuation and job placement support.

Sees Q1 adjusted EBITDA $28M-$33M. Tony Eheli, CFO, stated, "We ended the year with a strong balance sheet and maintained a disciplined expense profile that drove improvements in margin and profitability, while allowing us to continue to invest in our product, people, and processes. We expect to start 2026 with a seasonal uptick in activity with Q1 sales between $490 million and $510 million and Adjusted EBITDA between $28 million and $33 million. For the full year we are expecting revenue in the $1.85 to $1.95 billion range with Adjusted EBITDA between $105 million and $115 million."

Sees FY26 adjusted EBITDA $105M-$115M. Tony Eheli, CFO, stated, "We ended the year with a strong balance sheet and maintained a disciplined expense profile that drove improvements in margin and profitability, while allowing us to continue to invest in our product, people, and processes. We expect to start 2026 with a seasonal uptick in activity with Q1 sales between $490 million and $510 million and Adjusted EBITDA between $28 million and $33 million. For the full year we are expecting revenue in the $1.85 to $1.95 billion range with Adjusted EBITDA between $105 million and $115 million."