Titan's Third Quarter Results: Net Loss of $11.1 million
Titan International of Quincy, Illinois posted a net loss of $11.1 million for the period, compared to a net gain of $10.3 million for the same period last year, reports Tire Review. Driving down the profits was a sharp sales drop: $141.5 million for the quarter against sales of $255.5 million for the same period in 2008. Year-to-date sales were $581.1 million, compared to $778.1 million in 2008, and net profits year-to-date were $1.8 million in 2009, compared to $31.7 million last year.