泰坦国际 2026年季度报告

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: March31, 2026or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-12936 TITAN INTERNATIONAL, INC.(Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 1525 Kautz Road, Suite 600, West Chicago, IL(Address of principal executive offices) (I.R.S. Employer Identification No.) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company.See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growthcompany" in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ As of April22, 2026, there were 64,371,960 shares of Titan International, Inc. common stock, $0.0001 par value, outstanding. TITAN INTERNATIONAL, INC. TABLE OF CONTENTS PagePart I.Financial InformationItem 1.Financial Statements (Unaudited)Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and 20251Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2026and 20252Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 20253Condensed Consolidated Statements of Changes in Equity for the Three Months Ended March 31, 2026 and20254Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 20255Notes to Condensed Consolidated Financial Statements6Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations21Item 3.Quantitative and Qualitative Disclosures About Market Risk33Item 4.Controls and Procedures33Part II.Other InformationItem 1.Legal Proceedings34Item 1A.Risk Factors34Item 2.Unregistered Sales of Equity Securities and Use of Proceeds35Item 5.Other Information35Item 6.Exhibits36Signatures37 TITAN INTERNATIONAL, INC.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)(All amounts in thousands) Three months endedMarch 31,20262025Net (loss) income$(24,250)$22Derivative gain (loss)31(8)Currency translation adjustment3,02046,225Pension liability adjustments, net of tax14590Comprehensive (loss) income(21,054)46,329Net comprehensive (loss) income attributable to noncontrolling interests(601)7,622Comprehensive (loss) income attributable to Titan$(20,453)$38,707 See accompanying Notes to Condensed Consolidated Financial Statements. TITAN INTERNATIONAL, INC.CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED)(All amounts in thousands, except share data) TITAN INTERNATIONAL, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)(All amounts in thousands) TITAN INTERNATIONAL, INC.Notes to Condensed Consolidated Financial Statements(Unaudited) 1. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES Basis of PresentationThe accompanying unaudited condensed consolidated interim financial statements include the accounts of Titan International, Inc. and its subsidiaries (Titan, the Company or we) and have been prepared in accordance with accounting principles generally accepted in theUnited States of America (US GAAP) for interim financial information and in accordance with the rules and regulations of the UnitedStates Securities and Exchange Commission (the SEC). Accordingly, they do not include all of the information and footnotes requiredby US GAAP for complete financial statements. The accompanying unaudited condensed consolidated interim financial statementsreflect all normal and recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the Company'sfinancial position and the results of operations and cash flows for the periods presented, and should be read in conjunction with theconsolidated financial statements and the related notes