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SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
We have aggregated our operating segments into reportable segments based on our three customer markets: agricultural, earthmoving/construction, and consumer. These segments are based on the information used by the chief operating decision maker (CODM) to make certain operating decisions, allocate portions of capital expenditures and assess segment performance. The accounting policies of the segments are the same as those described in Note 1, “Basis of Presentation and Significant Accounting Policies” to these Notes to the Condensed Consolidated Financial Statements. Segment external revenues, expenses, and income from operations are determined on the basis of the results of operations of operating units of manufacturing facilities.

We are organized primarily on the basis of products being included in three marketing segments, with each reportable segment including wheels, tires, wheel/tire assemblies, and undercarriage systems and components. Given the integrated manufacturing operations and common administrative and marketing support, a substantial number of allocations primarily based on segment sales data must be made to determine operating segment data.

The CODM of Titan is Paul Reitz (our President and CEO). The CODM utilizes both forecasted and actual expense information on a consolidated basis to manage operations. The CODM utilizes segment gross profit and segment operating profit (loss), both in comparison to the prior year and the current forecasted level of gross profit, for purposes of analyzing the segment’s financial performance. The assessment of each segment’s financial performance by the CODM is then utilized to contemplate and execute on business decisions to allocate resources to manage the growth and profitability of each reportable segment and for the Company as a whole. The CODM does not review asset information by segment to manage operations or allocate resources. Therefore, segment assets are not disclosed.
The tables below present information about certain operating results, separated by market segments, for the three months ended March 31, 2026 and 2025 (amounts in thousands):

Three months ended March 31, 2026
AgricultureEarthmoving/ConstructionConsumerTotal
Net sales$198,345 $159,514 $147,214 $505,073 
Cost of sales174,330 141,425 117,869 433,624 
Gross profit$24,015 $18,089 $29,345 $71,449 
Selling, general and administrative expenses13,486 13,056 18,673 45,215 
Research and development expenses1,486 2,259 1,006 4,751 
Royalty expense1,550 384 476 2,410 
Restructuring and impairment expenses— — 25,142 25,142 
Segment profit (loss)$7,493 $2,390 $(15,952)$(6,069)
Corporate & unallocated expenses(7,716)
Interest expense(9,887)
Interest income2,199 
Foreign exchange gain910 
Other income946 
Loss before income taxes$(19,617)
Three months ended March 31, 2025
AgricultureEarthmoving/ConstructionConsumerTotal
Net sales$197,746 $143,290 $149,672 $490,708 
Cost of sales173,259 128,397 120,408 422,064 
Gross profit$24,487 $14,893 $29,264 $68,644 
Selling, general and administrative expenses12,074 11,021 19,087 42,182 
Research and development expenses1,354 1,849 888 4,091 
Royalty expense1,617 347 482 2,446 
Segment profit$9,442 $1,676 $8,807 $19,925 
Corporate & unallocated expenses(8,126)
Interest expense(9,535)
Interest income2,239 
Foreign exchange loss(1,385)
Other income1,134 
Income before income taxes$4,252 

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The tables below present net sales by products and reportable segments for the three months ended March 31, 2026 and 2025 (amounts in thousands):
AgriculturalEarthmoving/ConstructionConsumerTotal
Three months ended March 31, 2026
Wheels and Tires [including assemblies]$187,239 $69,675 $138,239 $395,153 
Undercarriage systems and components11,106 89,839 8,975 109,920 
Total$198,345 $159,514 $147,214 $505,073 

AgriculturalEarthmoving/ConstructionConsumerTotal
Three months ended March 31, 2025
Wheels and Tires [including assemblies]$188,367 $54,413 $142,175 $384,955 
Undercarriage systems and components9,379 88,877 7,497 105,753 
Total$197,746 $143,290 $149,672 $490,708 

Depreciation and amortization expense by segment were as follows as of the periods set forth below (amounts in thousands):
AgriculturalEarthmoving/ConstructionConsumerCorporate & UnallocatedTotal
Three months ended March 31, 2026$6,513 $5,239 $4,835 $486 $17,073 
Three months ended March 31, 20256,158 4,463 4,661 589 15,871