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Article: Titan International Inc. Announces Third Quarter Results.(Financial report)
- Article from:
- Agriculture Week
- Article date:
- November 12, 2009
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Third quarter summary: Sales for third quarter 2009 were $141.5 million, compared to $255.5 million in the third quarter of 2008.
Third quarter loss from operations was $(15.8) million, compared to income from operations of $21.3 million last year.
Net loss for the third quarter was $(11.1) million, compared to net income of $10.3 million in the third quarter of 2008.
Cash at September 30, 2009, was $45.4 million, an improvement of $24.7 million from the $20.7 million balance at June 30, 2009.
Inventory at September 30, 2009, was $124.8 million, a reduction of $25.2 million from the $150.0 million balance at June 30, 2009. Statement of ...