Tranche Update on Titan International, Inc.'s Equity Buyback Plan announced on December 16, 2022.
February 29, 2024 at 07:28 pm IST
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From October 1, 2023 to December 31, 2023, the company has repurchased 1,023,923 shares, representing 1.66% for $13.48 million. With this, the company has completed the repurchase of 2,653,786 shares, representing 4.25% for $32.5 million under the buyback announced on December 16, 2022.
Titan International, Inc. is a global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products. The Company's segments include agricultural, earthmoving/construction and consumer. Its agricultural wheels, tires, and components are manufactured for use on various agricultural equipment. The earthmoving/construction segment manufactures wheels, tires, and undercarriage systems and components for various types of off-the-road (OTR) earthmoving, mining, military, construction, and forestry equipment, including skid steers and aerial lifts. The consumer segment manufactures bias truck tires in Latin America and light truck tires in Russia. The Company also offers select products for ATVs, side-by-sides, rock climbers, turf, and lawn and garden. This segment also includes custom rubber stock mixing sales to a variety of OEMs in tangential industries. It manufactures and sells certain tires under the Goodyear Farm Tire, Titan Tire and Voltyre-Prom Tire brands.
TITAN INTERNATIONAL, INC. 
