Titan International, Inc. (NYSE:TWI) shares edged 1.9% higher in premarket trading Thursday after the off-highway wheel and tire manufacturer posted third-quarter earnings and revenue that surpassed analyst forecasts, supported by solid performance across its agriculture and earthmoving/construction divisions.

The company reported adjusted earnings of $0.04 per share, topping Wall Street’s estimate of a $0.03 loss. Revenue climbed 4% year-over-year to $466 million, above the consensus forecast of $458.74 million, landing at “the high end” of its internal guidance range.

“Our Q3 2025 results were at the high end of our expectations as the strength of our One Titan Team combined with the diversity of our operations to deliver solid financial performance,” said Paul Reitz, President and Chief Executive Officer.

Gross margin expanded to 15.2% from 13.1% a year earlier, while adjusted EBITDA grew to $29.8 million, up from $20.5 million in the same quarter of 2024. The company also generated $30 million in free cash flow, reflecting improved operational efficiency.

By segment, Agriculture led growth with a 7.6% increase in revenue to $188.7 million, followed by the Earthmoving/Construction segment, which posted a 6.6% rise to $145.4 million. Meanwhile, the Consumer division saw a modest 2.8% decline to $132.4 million.

Looking ahead, CFO David Martin projected fourth-quarter sales between $385 million and $410 million, with adjusted EBITDA expected to come in around $10 million.

“We continue to demonstrate focus on what we do best in serving our customers well with a strong product portfolio while reinforcing our competitive positioning,” Reitz added, emphasizing that the company remains well-positioned to benefit from a recovery in OEM demand as global trade conditions evolve.

Titan International stock price

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