Titan 2Q sales up 29%
Titan International reported second quarter 2013 sales of US$593.3 million 25 July 2013, up 29.2 per cent, compared to $459.2 million in the second quarter of 2012 partially driven by acquisition growth. Gross profit increased 5.6 per cent to $86.7 million, or 14.6 per cent of net sales in the period, compared to $82.1 million in second quarter 2012, or 17.9 per cent of net sales. However, second quarter income from operations was $36.9 million compared to $81.0 million last year.