2011 to be Titan’s “Best Year Ever,” says Taylor

Ahead of a company conference call scheduled for December 9, Titan International chairman and CEO Maurice M. Taylor Jr. declared “2010 has been a great building year for Titan and I believe that 2011 will be our best year ever from what I see today.”

Breaking Titan International’s performance down into its specific business areas, Taylor continued: “Farm is strong, earthmover is getting better and there is a favourable export market. If steel and rubber prices stay where they are or go up a little, then I project Titan’s sales to range between US$950 million to $1.1 billion for 2011. This amount of revenue should generate an EBITDA range from $105 to $125 million.”

“The above numbers are based on internal growth and what Titan’s management team believes we can do in 2011,” the chairman and CEO added. “Everyone knows we have been working on a number of acquisitions.  I believe these will come to fruition which implies sales and EBITDA could go much higher however, we are unable to discuss until there is a public announcement of any deals.”

Summing up, Taylor noted that “sales for 2010 will come close to the high range I provided in last year’s guidance We are excited about our great future at Titan.  It is going to be a wild ride.”