Titan International sees improved sales in 2010

AP News
Posted: Dec 21, 2009 5:17 PM

Titan International Inc., which makes wheels and tires for large off-road vehicles, said Monday it expects higher sales next year following a challenging 2009.

The company said sales will range between $770 million and $820 million, and forecast earnings before interest, taxes, depreciation and amortization of $65 million and $85 million. Capital expenditures are expected between $12 million and $16 million.

Titan did not provide further details regarding its 2010 outlook. It said it will hold a conference call on Dec. 22 to further discuss its 2010 finances. Earlier Monday, it announced the closing of a $172.5 million bond offering.

Shares rose 11 cents to close at $8.12.