Titan International (TWI) 10-K 26 Feb 25 2024 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Feb. 18, 2025	Jun. 30, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	1-12936
Entity Registrant Name	TITAN INTERNATIONAL, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-3228472
Entity Address, Address Line One	1525 Kautz Road, Suite 600,
Entity Address, City or Town	West Chicago,
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60185
City Area Code	630
Local Phone Number	377-0486
Title of 12(b) Security	Common stock, $0.0001 par value
Trading Symbol	TWI
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 360
Entity Common Stock, Shares Outstanding		63,197,710
Documents Incorporated by Reference	Portions of the registrant’s definitive proxy statement for the 2025 Annual Meeting of Stockholders are incorporated by reference into Part III of this Form 10-K.
Entity Central Index Key	0000899751
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Audit Information [Abstract]
Auditor Firm ID	243	248
Auditor Name	BDO USA, P.C.	GRANT THORNTON LLP
Auditor Location	Chicago, Illinois	Southfield, Michigan

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Net sales	$ 1,845,937	$ 1,821,800	$ 2,169,380
Cost of sales	1,588,135	1,515,951	1,808,670
Gross profit	257,802	305,849	360,710
Selling, general and administrative expenses	191,794	134,938	132,792
Acquisition related expenses	6,196	0	0
Research and development expenses	16,520	12,539	10,404
Royalty expense	10,108	9,645	11,712
Income from operations	33,184	148,727	205,802
Interest expense	(36,429)	(29,157)	(32,149)
Interest income	11,024	10,372	2,353
Foreign exchange (loss) gain	(6,123)	(22,822)	927
Other income	6,615	2,628	25,420
Income before income taxes	8,271	109,748	202,353
Provision for income taxes	11,861	26,042	23,167
Net (loss) income	(3,590)	83,706	179,186
Net income attributable to noncontrolling interests	1,970	4,946	2,884
Net (loss) income attributable to Titan and applicable to common shareholders	$ (5,560)	$ 78,760	$ 176,302
(Loss) earnings per common share:
Basic (in usd per share)	$ (0.08)	$ 1.26	$ 2.80
Diluted (in usd per share)	$ (0.08)	$ 1.25	$ 2.77
Average common shares and equivalents outstanding:
Basic (in shares)	68,662	62,452	63,040
Diluted (in shares)	68,662	62,961	63,691

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (3,590)	$ 83,706	$ 179,186
Derivative (loss) gain	(235)	(484)	1,263
Currency translation adjustment	(74,753)	22,267	(6,507)
Pension liability adjustments, net of tax of $(1,888), $(2,663), and $(383), respectively	5,624	6,939	1,115
Comprehensive (loss) income	(72,954)	112,428	175,057
Net comprehensive (loss) income attributable to noncontrolling interests	(560)	956	4,030
Comprehensive (loss) income attributable to Titan	$ (72,394)	$ 111,472	$ 171,027

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Pension liability adjustments	$ (1,888)	$ (2,663)	$ (383)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 195,974	$ 220,251
Accounts receivable, net of allowance of $3,232 and $5,340	211,720	219,145
Inventories	437,192	365,156
Prepaid and other current assets	67,151	72,229
Total current assets	912,037	876,781
Property, plant and equipment, net	421,218	321,694
Operating lease assets	117,027	11,955
Goodwill	29,563	0
Intangible assets, net	11,985	1,431
Deferred income taxes	41,732	38,033
Other long-term assets	51,391	39,351
Total assets	1,584,953	1,289,245
Current liabilities
Short-term debt	12,479	16,913
Accounts payable	219,586	201,201
Operating leases	11,999	5,021
Other current liabilities	143,294	139,378
Total current liabilities	387,358	362,513
Long-term debt	552,966	409,178
Deferred income taxes	6,416	2,234
Operating leases	106,020	6,153
Other long-term liabilities	38,537	41,752
Total liabilities	1,091,297	821,830
Commitments and contingencies: Notes 10, 22, 23 and 24
Titan stockholders' equity
Common stock ($0.0001 par, 120,000,000 shares authorized, 78,447,035 issued and 63,139,435 outstanding at December 31, 2024; 66,525,269 issued and 60,715,855 outstanding at December 31, 2023)	0	0
Additional paid-in capital	740,223	569,065
Retained earnings	164,063	169,623
Treasury stock (at cost, 15,307,600 shares at December 31, 2024 and 5,809,414 shares at December 31, 2023)	(122,336)	(52,585)
Accumulated other comprehensive loss	(285,877)	(219,043)
Total Titan stockholders’ equity	496,073	467,060
Noncontrolling interests	(2,417)	355
Total equity	493,656	467,415
Total liabilities and equity	$ 1,584,953	$ 1,289,245

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Accounts receivable, net of allowance	$ 3,232	$ 5,340
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	120,000,000	120,000,000
Common stock, shares issued (in shares)	78,447,035	66,525,269
Common stock, shares outstanding (in shares)	63,139,435	60,715,855
Treasury stock (in shares)	15,307,600	5,809,414

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Related Party	Total Titan Equity	Total Titan Equity Related Party	Common stock	Common stock Related Party	Additional paid-in capital	Retained earnings (deficit)	Treasury stock	Treasury stock Related Party	Accumulated other comprehensive income (loss)	Non-controlling interest
Balance, beginning (in shares) at Dec. 31, 2021					66,411,784
Balance, beginning at Dec. 31, 2021	$ 227,172		$ 229,300		$ 0		$ 562,340	$ (85,439)	$ (1,121)		$ (246,480)	$ (2,128)
Net (loss) income	179,186		176,302					176,302				2,884
Currency translation adjustment	(6,507)		(7,653)								(7,653)	1,146
Pension liability adjustments, net of tax	1,115		1,115								1,115
Derivative gain (loss)	1,263		1,263								1,263
Stock-based compensation (in shares)					339,791
Stock-based compensation	4,282		4,282				2,151		2,131
Issuance of common stock and treasury stock under 401(k) plan (in shares)					124,645
Issuance of common stock and treasury stock under 401(k) plan	1,627		1,627				1,055		572
Common stock repurchase (in shares)					(4,032,259)
Common stock repurchase	(25,000)		(25,000)						(25,000)
Balance, ending (in shares) at Dec. 31, 2022					62,843,961
Balance, ending at Dec. 31, 2022	383,138		381,236		$ 0		565,546	90,863	(23,418)		(251,755)	1,902
Net (loss) income	83,706		78,760					78,760				4,946
Currency translation adjustment	22,267		26,257								26,257	(3,990)
Pension liability adjustments, net of tax	6,939		6,939								6,939
Derivative gain (loss)	(484)		(484)								(484)
Stock-based compensation (in shares)					381,241
Stock-based compensation	5,235		5,235				2,819		2,416
Issuance of common stock and treasury stock under 401(k) plan (in shares)					144,439
Issuance of common stock and treasury stock under 401(k) plan	$ 1,776		1,776				780		996
Common stock repurchase (in shares)	(2,653,786)				(2,653,786)
Common stock repurchase	$ (32,579)		(32,579)						(32,579)
Sale of investment	(2,135)											(2,135)
Acquisition of additional non-controlling interest	$ (448)		(80)				(80)					(368)
Balance, ending (in shares) at Dec. 31, 2023	60,715,855				60,715,855
Balance, ending at Dec. 31, 2023	$ 467,415		467,060		$ 0		569,065	169,623	(52,585)		(219,043)	355
Net (loss) income	(3,590)		(5,560)					(5,560)				1,970
Currency translation adjustment	(74,753)		(72,223)								(72,223)	(2,530)
Pension liability adjustments, net of tax	5,624		5,624								(5,624)
Derivative gain (loss)	(235)		(235)								(235)
Stock-based compensation (in shares)					345,347
Stock-based compensation	5,404		5,404				2,273		3,131
Issuance of common stock and treasury stock under 401(k) plan (in shares)					126,060
Issuance of common stock and treasury stock under 401(k) plan	$ 1,328		1,328				192		1,136
Common stock repurchase (in shares)	(1,964,593)				(1,964,593)	(8,005,000)
Common stock repurchase	$ (16,382)	$ (57,636)	(16,382)	$ (57,636)					(16,382)	$ (57,636)
Sale of investment	(2,212)											(2,212)
Common stock issuance (in shares)					11,921,766
Common stock issuance	$ 168,693		168,693				168,693
Balance, ending (in shares) at Dec. 31, 2024	63,139,435				63,139,435
Balance, ending at Dec. 31, 2024	$ 493,656		$ 496,073		$ 0		$ 740,223	$ 164,063	$ (122,336)		$ (285,877)	$ (2,417)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net (loss) income	$ (3,590)	$ 83,706	$ 179,186
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	60,704	42,434	42,747
Loss on sale of the Australian wheel business	0	0	10,890
Deferred income tax benefit	(6,358)	(2,081)	(23,385)
Income on indirect taxes	0	(3,096)	(32,043)
Gain on fixed asset and investment sale	(425)	(644)	(216)
Stock-based compensation	5,404	5,235	4,282
Issuance of stock under 401(k) plan	1,326	1,776	1,627
Gain from property insurance settlement	(3,537)	0	0
Foreign currency (gain) loss	(506)	19,734	2,661
(Increase) decrease in assets, net of acquisition:
Accounts receivable	73,825	42,871	(27,201)
Inventories	51,481	31,635	(19,598)
Prepaid and other current assets	12,106	17,596	11,366
Other assets	(5,482)	(2)	(1,288)
Increase (decrease) in liabilities, net of acquisition:
Accounts payable	(29,169)	(62,725)	(7,754)
Other current liabilities	(15,290)	872	18,888
Other liabilities	998	2,039	516
Net cash provided by operating activities	141,487	179,350	160,678
Cash flows from investing activities:
Capital expenditures	(65,624)	(60,799)	(46,974)
Business acquisition, net of cash acquired	(143,643)	0	0
Proceeds from sale of investments	1,791	2,085	9,293
Proceeds from property insurance settlement	3,537	0	0
Other investing activities	2,341	1,791	930
Net cash used for investing activities	(201,598)	(56,923)	(36,751)
Cash flows from financing activities:
Proceeds from borrowings	213,199	6,666	88,940
Payment on debt	(70,291)	(27,608)	(124,739)
Payment of debt issuance costs	(3,115)	0	0
Other financing activities	(1,223)	(2,495)	(511)
Net cash provided by (used for) financing activities	64,551	(56,016)	(61,310)
Effect of exchange rate changes on cash	(28,717)	(5,737)	(1,148)
Net (decrease) increase in cash and cash equivalents	(24,277)	60,674	61,469
Cash and cash equivalents, beginning of year	220,251	159,577	98,108
Cash and cash equivalents, end of year	195,974	220,251	159,577
Supplemental information:
Interest paid	37,179	30,269	31,604
Income taxes paid, net of refunds received	20,360	21,801	24,105
Non cash financing activity:
Issuance of common stock in connection with business acquisition	168,693	0	0
Related Party
Cash flows from financing activities:
Repurchase of common stock	(57,636)	0	0
Nonrelated Party
Cash flows from financing activities:
Repurchase of common stock	$ (16,383)	$ (32,579)	$ (25,000)

DESCRIPTION OF BUSINESS AND SIG

DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES	DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES Business Titan International, Inc. and its subsidiaries (Titan or the Company) are leading manufacturers of wheels, tires, and undercarriage systems and components for off-highway vehicles used in the agricultural, earthmoving/construction, and consumer segments. Titan manufactures both wheels and tires for the majority of these market applications, allowing the Company to provide the value-added service of delivering complete wheel and tire assemblies. The Company offers a broad range of products that are manufactured to meet the specifications of original equipment manufacturers (OEMs) and/or the requirements of aftermarket customers. Principles of consolidation The consolidated financial statements include the accounts of all majority-owned subsidiaries and variable interest entities in which Titan is the primary beneficiary. Investments in companies in which Titan does not own a majority interest, but which Titan has the ability to exercise significant influence over operating and financial policies are accounted for using the equity method. Investments in other companies are carried at cost. All significant intercompany accounts and transactions have been eliminated. Reclassifications The Company has reclassified certain prior period amounts in the consolidated balance sheet, primarily lease liabilities and warranty liabilities and in the consolidated statement of operations, primarily interest expense and interest income, to conform with the current period presentation. Business combinations We account for business combinations under the acquisition method of accounting in accordance with Accounting Standards Codification Topic 805, Business Combinations, which requires an allocation of the consideration we paid to the identifiable assets, intangible assets and liabilities based on the estimated fair values as of the closing date of the acquisition. The excess of the fair value of the purchase price over the fair values of these identifiable assets, intangible assets and liabilities is recorded as goodwill. Purchased intangibles other than goodwill are initially recognized at fair value and amortized over their useful lives unless those lives are determined to be indefinite. The valuation of acquired assets will impact future operating results. The fair value of identifiable intangible assets is determined using an income approach on an individual asset basis. Specifically, we use the multi-period excess earnings method to determine the fair value of customer relationships and the relief-from-royalty approach to determine the fair value of the tradename and proprietary technology. Determining the fair value of acquired intangibles involves significant estimates and assumptions, including forecasted revenue growth rates, EBIT margins, percentage of revenue attributable to the tradename, contributory asset charges, customer attrition rate, market-participant discount rates, the assumed royalty rates and income tax rates. The determination of the useful life of an intangible asset other than goodwill is based on factors including historical tradename performance with respect to consumer name recognition, geographic market presence, market share, plans for ongoing tradename support and promotion, customer attrition rate, and other relevant factors. Goodwill and other intangible assets Goodwill represents the excess of purchase price over the fair value of net assets acquired. Goodwill is not amortized. For goodwill, impairment tests are required at least annually, or more frequently if events or circumstances indicate that it may be impaired, when some portion but not all of a reporting unit is disposed of or classified as assets held for sale, or when a change in the composition of reporting units occurs for other reasons, such as a change in segments. Based on its current organizational structure, the Company identified reporting units for which cash flows are determinable and to which goodwill was allocated. The Company performs its goodwill impairment test at least annually in the fourth quarter. For this goodwill impairment test, the Company used qualitative assessments. The Company performed this test by assessing qualitative factors to determine whether it was more likely than not that the fair value of each reporting unit was greater than its respective carrying value. Factors considered in the qualitative assessments include, among other things, macroeconomic conditions, industry and market considerations and the financial performance of the respective reporting units. If based on the results of the qualitative assessment, the Company were to determine that it is more likely than not that the fair value of a reporting unit is less than its carrying value, a quantitative assessment would be conducted. Based on the results of the annual goodwill impairment test, the Company determined there was no impairment. A quantitative test is used to determine existence of goodwill impairment and the amount of the impairment loss at the reporting unit level. The quantitative test compares the fair value of a reporting unit with its carrying amount, including goodwill. The Company uses an income-based valuation method, determining the present value of estimated future cash flows, to estimate the fair value of a reporting unit. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not impaired. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. Factors used in the impairment analysis require significant judgment, and actual results may differ from assumed and estimated amounts. The Company uses its own market assumptions including internal projections of future cash flows, discount rates and other assumptions considered reasonable in the analysis and reflective of market participant assumptions. These forecasts are based on historical performance and future estimated results. The discount rates utilized are based on a capital asset pricing model and published relevant industry rates, which take into consideration the risks and uncertainties inherent to the reporting units and in the internally developed forecasts. Other intangible assets with determinable lives primarily consist of customer lists/relationships and trademarks. Refer to Note 7 to the consolidated financial statements for further information. Long-lived assets (including definite-lived intangible assets) are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable, such as a significant sustained change in the business climate. If an indicator of impairment exists for any grouping of assets, an estimate of undiscounted future cash flows is prepared and compared to its carrying value. If an asset group is determined to be impaired, the loss is measured by the excess of the carrying amount of the asset group over its fair value, as determined by an estimate of discounted future cash flows. Cash and cash equivalents The Company considers short-term debt securities with an original maturity of three months or less to be cash equivalents. The cash in the Company's U.S. banks is not fully insured by the Federal Deposit Insurance Corporation. The Company had $185.3 million and $186.1 million of cash in foreign bank accounts at December 31, 2024 and 2023, respectively. The Company's cash in its foreign bank accounts is not fully insured. Accounts receivable and allowance for credit loss The Company carries its accounts receivable at their face amounts less an allowance for credit loss. The allowance is an estimate based on historical collection experience, current and future economic and market conditions and a review of the current status of customers' trade accounts receivable. In order to monitor credit risks associated with our customer base, credit worthiness of our existing customer base is reviewed on a periodic basis. At the end of each reporting period, the allowance for credit loss is reviewed relative to management's collectability assessment and adjusted if deemed necessary. The factors considered in this review include known bad debt risks and past loss history. Actual collection experience may differ from the current estimate of net receivables. Concentration of credit risk Net sales to Deere & Company in Titan's agricultural, earthmoving/construction, and consumer segments combined represented 11%, 13% and 15% of the Company's consolidated net sales for the years ended December 31, 2024, 2023, and 2022, respectively. No other customer accounted for 10% or more of Titan's net sales in 2024, 2023 and 2022 . Inventories Inventories are valued at the lower of cost or net realizable value. The Company’s inventories are valued under the first in, first out (FIFO) method or average cost method. Net realizable value is estimated based on current selling prices. Estimated provisions are established for slow-moving and obsolete inventory. Fixed assets Property, plant, and equipment have been recorded at cost. Depreciation is provided using the straight-line method over the following estimated useful lives of the related assets: Years Building and improvements 25 - 40 Machinery and equipment 7 - 20 Tools, dies, and molds 2 - 9 Maintenance and repairs are expensed as incurred. When property, plant, and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are eliminated, and any gain or loss on disposition is included in the accompanying consolidated statements of operations. Impairment of long-lived assets The Company reviews fixed assets to assess recoverability from future operations whenever events and circumstances indicate that the carrying values may not be recoverable. Factors that could result in an impairment review include, but are not limited to, a current period cash flow loss combined with a history of cash flow losses, current cash flows that may be insufficient to recover the investment in the property over the remaining useful life, or a projection that demonstrates continuing losses associated with the use of a long-lived asset, significant changes in the manner of use of the assets, or significant changes in business strategies. Impairment losses are recognized in operating results when expected undiscounted cash flows are less than the carrying value of the asset. Impairment losses are measured as the excess of the carrying value of the asset over the discounted expected future cash flows or the estimated fair value of the asset. Fair value of financial instruments The Company’s financial assets measured at fair value on a recurring basis include investments in marketable equity securities of $5.3 million and $30.8 million as of December 31, 2024 and 2023, respectively, which are Level 1 fair value measurements as the Company uses quoted market prices. Cash and cash equivalents are carried at cost, which approximates fair value because of the short-term maturities of these instruments. The Company’s revolving credit facility and notes payable are carried at cost, which approximates fair value due to their short terms or stated rates, which are considered Level 2 fair value measurements. Our 7.0% senior secured notes due 2028 (the senior secured notes due 2028) were carried at cost of $397.2 million and $396.3 million at December 31, 2024 and and 2023, respectively. The fair value of the senior secured notes due 2028, as determined with the assistance of an independent pricing platform using real-time trade data, was approximately $390.0 million and $401.4 million, at December 31, 2024 and 2023, respectively, which was determined to be a level 2 fair value measurement. Investments The Company uses the equity method to account for investments in entities that are not consolidated since Titan is not the primary beneficiary, but can exert significant influence over the entities. Under the equity method, investments are reported in other long-term assets on the consolidated balance sheets and are recorded at cost and adjusted for the Company's proportionate share of the net income or loss in the investments. The carrying value of these investments was $7.9 million and $7.1 million as of December 31, 2024, and December 31, 2023, respectively. The Company assesses the carrying value of its equity method investments whenever events and circumstances indicate that the carrying values may not be recoverable. Investment write-downs, if necessary, are recognized in operating results when expected undiscounted future cash flows are less than the carrying value of the asset. These write-downs, if any, are measured as the excess of the carrying value of the asset over the discounted expected future cash flows or the estimated fair value of the asset. Russia-Ukraine Military Conflict In February 2022, in response to the military conflict between Russia and Ukraine, the United States, other North Atlantic Treaty Organization member states, as well as non-member states, announced targeted economic sanctions on Russia, certain Russian citizens and enterprises. The continuation of the conflict has triggered additional economic and other sanctions enacted by the United States and other countries throughout the world. The Company currently owns 64.3% of the Voltyre-Prom, a leading producer of agricultural and industrial tires in Volgograd, Russia, which represents approximately 5% and 7% of consolidated assets of Titan as of December 31, 2024 and December 31, 2023, respectively. The Russian operations represent approximately 5%, 6% and 6% of consolidated global sales for the years ended December 31, 2024, 2023, and 2022, respectively. The impact of the military conflict between Russia and Ukraine has not had a significant impact on the Company's global operations. The Company continues to monitor the potential impacts on the business including the increased cost of energy in Europe and the ancillary impacts that the military conflict could have on other global operations. Sale of Australian wheel business On March 29, 2022, the Company entered into a definitive agreement (the Agreement) for the sale of its Australian wheel business, to OTR Tyres, a leading Australian tire, wheel and service provider. The closing date of the transaction was March 31, 2022. The Agreement contains customary representations, warranties and covenants for transactions of this type. The sale included gross proceeds and cash repatriated of approximately $17.5 million, and the assumption by OTR Tyres of all liabilities, including employee and lease obligations. Refer to footnote 18 for additional information on the loss on sale of the Australian wheel business. Foreign currency translation The financial statements of the Company’s foreign subsidiaries are translated to United States dollars. Assets and liabilities are translated to United States dollars at period-end exchange rates. Income and expense items are translated at average rates of exchange prevailing during the period. Translation adjustments are included in “Accumulated other comprehensive loss” in stockholders’ equity. Gains and losses that result from foreign currency transactions are included in the accompanying consolidated statements of operations. Hyperinflation in Argentina and Turkey In July 2018 and March 2022, the three-year cumulative rate of inflation for consumer prices and wholesale prices reached a level in excess of 100% for Argentina and Turkey, respectively. As a result, in accordance with ASC 830 Foreign Currency Matters, Argentina and Turkey were considered hyperinflationary economies and the Company applied the standard for the years ended December 31, 2024 and 2023. In accordance with ASC 830, the Argentine and Turkish subsidiary's nonmonetary assets and liabilities, as well as related expenses such as depreciation, are remeasured into US dollars by applying the foreign exchange rate as of the date each respective entity became hyperinflationary. Monetary assets and liabilities are remeasured into US dollars using the current exchange rates. Any resulting gains or losses on these monetary assets and liabilities are reported in net income within the consolidated statements of operations. The Company recognized a net monetary loss of $3.2 million and $15.5 million recorded in foreign exchange (loss) gain in the consolidated statements of operations for the years ended December 31, 2024 and 2023. The decrease in the net monetary loss is due to the application of the accounting standard for the year ended December 31, 2023 which included cumulative prior period impacts which were not material to the annual 2023 financial statements. Revenue recognition The Company derives revenues primarily from the sale of wheels, tires, tires/wheels assemblies, and undercarriage systems and components. The Company follows the five-step model to determine when to recognize revenue: (1) identify the contract(s) with the customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; (5) recognize revenue when the entity satisfies a performance obligation. In most arrangements within the Company, contracts with the customer are identified through the receipt of a purchase order, which also defines the terms of the contract including the performance obligations or products to be sold, and specific transaction prices associated with the products. In some other arrangements, a master agreement exists that defines pertinent contract terms such as products and price. Purchase orders are then issued under the master agreement for specific quantities of products, which are fulfilled at the specified price at a given point in time. Generally, the Company’s performance obligations under the contracts are satisfied when there is transfer of control of the products to our customers, which is primarily upon shipment or, in certain instances, upon delivery of the products to the named customer location. The payment terms and conditions in our contracts vary and are customary within the geographies that we serve. As the Company’s standard payment terms are less than one year, the Company has elected the practical expedient under ASC 606-10-32-18 to not assess whether a contract has a significant financing component. Revenues are stated net of returns, discounts and allowances, which are determined based on historical experience. Customer discounts and allowances, consisting primarily of volume discounts and other short-term incentive programs, are recorded as a reduction of revenue at the time of sale because these allowances reflect a reduction in the transaction price. Costs to obtain or fulfill a contract with a customer, such as sales commissions to agents and internal sales employees, are recognized as an expense when incurred since the amortization period would be one year or less. Shipping and handling costs are included as a component of cost of sales. Revenue derived from shipping and handling costs billed to customers is included in sales. Cost of sales Cost of sales is comprised primarily of direct materials and supplies consumed in the manufacturing of the Company’s products, as well as manufacturing labor, depreciation expense, and overhead expense necessary to acquire and convert the purchased materials and supplies into a finished product. Cost of sales also includes all purchasing, receiving, inspection, internal transfers, and related distribution costs. Selling, general, and administrative expense Selling, general, and administrative (SG&A) expense is comprised primarily of sales commissions, marketing expense, selling, and administrative wages, information system costs, legal fees, bank charges, professional fees, depreciation and amortization expense on non-manufacturing assets, and other administrative items. Research and development expense Research and development (R&D) expenses are expensed as incurred. R&D costs were $16.5 million, $12.5 million, and $10.4 million for the years ended December 31, 2024, 2023, and 2022, respectively. Advertising Advertising expenses are included in SG&A expense and are expensed as incurred. Advertising costs were approximately $4.8 million, $3.3 million and $3.0 million for the years ended December 31, 2024, 2023, and 2022, respectively. Warranty costs The Company provides limited warranties on workmanship on its products in all market segments. The provision for estimated warranty costs is made in the period when such costs become probable and is based on past warranty experience. See Note 12 for additional information. Income taxes Deferred income tax provisions are determined using the asset and liability method to recognize deferred tax assets and liabilities. This method is based upon differences between the financial statement carrying amounts and the respective tax basis of assets and liabilities using enacted tax rates that are expected to apply in the years the temporary differences are expected to be settled or realized. Valuation allowances are recorded where it is considered more likely than not that some portion or all of the deferred tax assets will not be realized. Tax benefits are recognized only for tax positions that are more likely than not to be sustained upon examination by tax authorities. Earnings per share Basic earnings per share (EPS) is computed by dividing consolidated net earnings applicable to common shareholders by the weighted average number of common shares outstanding. Diluted EPS is computed by dividing adjusted consolidated net earnings applicable to common shareholders by the sum of the weighted average number of common shares outstanding and the weighted average number of potential common shares outstanding. Potential common shares consist of outstanding options under the Company’s stock compensation plans. Environmental liabilities Environmental expenditures that relate to current operations are expensed or capitalized as appropriate. Expenditures that relate to an existing condition caused by past operations and that do not contribute to current or future revenue are expensed. Liabilities are recorded when environmental assessments and/or remedial efforts are probable and can be reasonably estimated. Stock-based compensation Compensation expense for stock-based compensation is recognized over the requisite service period at the estimated fair value of the award at the grant date. See Note 21 for additional information. Use of estimates The policies utilized by the Company in the preparation of the financial statements conform to United States generally accepted accounting principles ("US GAAP" or "GAAP") and require management to make estimates, assumptions, and judgments that affect the reported amount of assets and liabilities, and disclosure of contingent assets and liabilities, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual amounts could differ from these estimates and assumptions. Share repurchase program On December 16, 2022, the Board of Directors authorized a share repurchase program allowing for the expenditure of up to $50.0 million (the "Share Repurchase Program") for the repurchase of the Company's common stock. This authorization took effect immediately and will remain in place for up to three years. Under the Share Repurchase Program, Titan repurchased 1,964,593 shares of its common stock totaling $16.4 million during the year ended December 31, 2024, and 2,653,786 shares of its common stock totaling $32.6 million during 2023. As of December 31, 2024, $1.0 million remains available for future share repurchases under this program. The Company records treasury stock using the cost method. In addition to the share repurchase program, the Company entered into a Stock Repurchase Agreement (the “Stock Repurchase Agreement”) with MHR Capital Partners Master Account LP, a limited partnership organized in Anguilla, British West Indies, MHR Capital Partners (100) LP, a Delaware limited partnership, and MHR Institutional Partners III L.P., a Delaware limited partnership (together, the “MHR Funds”, a related party) on October 18, 2024. Refer to Note 15 for additional information. Supplier financing program A subsidiary of Titan participates in supplier financing programs pursuant to credit agreements between certain suppliers and financial institutions. The program enables those suppliers to receive payment from participating financial institutions prior to the payment date specified in the terms between Titan and the supplier. Titan does not incur annual service fees associated with its enrollment in the supplier financing program. The transactions are at the sole discretion of both the suppliers and the financial institution, and Titan is not a party to the agreement and has no economic interest in the supplier's decision to receive payment prior to the payment date. The terms between Titan and a supplier, including the amount due and scheduled payment dates, are not impacted by a supplier's participation in the program. Amounts due to suppliers who participate in the program are included in the accounts payable line item in Titan's consolidated balance sheets and Titan’s payments made under the program are reflected in cash flows from operating activities in Titan's consolidated statements of cash flows. For suppliers who participate in a supplier financing program, Titan will pay the financial institution directly rather than the supplier. The confirmed obligations under the supplier financing programs included in the accounts payable Adoption of new accounting standards In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Improvements to Reportable Segment Disclosures, which expands reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The amendments in the ASU require, among other things, disclosure of significant segment expenses that are regularly provided to an entity's chief operating decision maker (CODM) and a description of other segment items (the difference between segment revenue less the segment expenses disclosed under the significant expense principle and each reported measure of segment profit or loss) by reportable segment, as well as disclosure of the title and position of the CODM, and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. Annual disclosures are required for fiscal years beginning after December 15, 2023 and interim disclosures are required for periods within fiscal years beginning after December 15, 2024. Retrospective application is required, and early adoption is permitted. The Company adopted the impact of this ASU effective December 31, 2024 and incorporated the required disclosures within Note 25 to consolidated financial statements. New accounting pronouncements to be adopted in future periods In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, which requires disclosure of disaggregated income taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, may be applied prospectively or retrospectively, and allows for early adoption. These requirements will impact our income tax disclosures and we are currently evaluating the impact of adoption. In November 2024, FASB issued ASU 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosure (Subtopic 220-40): Disaggregation of Income Statement Expenses,” which requires additional disclosure about the specific expense categories in the notes to financial statements at interim and annual reporting periods. The amendments in this ASU do not change or remove current expense disclosure requirements but affect where this information appears in the notes to financial statements. This ASU is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with early adoption permitted. Upon adoption, the guidance can be applied prospectively or retrospectively. We are currently evaluating the impact that ASU 2024-03 will have on our consolidated financial statements.

BUSINESS COMBINATION

BUSINESS COMBINATION	12 Months Ended
	Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
BUSINESS COMBINATION	BUSINESS COMBINATION Acquisition of The Carlstar Group On February 29, 2024, the Company acquired 100% of the equity interests of The Carlstar Group, LLC ("Carlstar") for the following purchase consideration and subject to a working capital adjustment based on an agreed upon working capital target (amounts in thousands): Purchase Consideration Titan International, Inc. common stock $ 168,693 Base cash consideration, net of cash acquired of $10,288 127,500 $ 296,193 Additional cash consideration for excess net working capital acquired 19,759 Other debt-like items (3,616) Total purchase consideration, net of cash acquired $ 312,336 Carlstar is a global manufacturer and distributor of wheels and tires for a variety of end-market verticals including outdoor power equipment, power sports, trailers, and small to midsize agricultural and construction equipment. Carlstar has 17 manufacturing and distribution facilities located in four countries and provides solutions to customers in North America, Europe and China. Since the initial measurement of the identified assets acquired and liabilities assumed, the Company has updated our initial allocation of the purchase consideration during 2024. The principal changes include (i) increase in the value of inventory to include inventory in-transit to a customer locations for which transfer of title has not occurred, (ii) decrease in the value of Property, Plant, and Equipment primarily to reflect updated assumptions surrounding disposed and idle assets, and (iii) decrease in the fair market value adjustment associated with a certain right-of-use asset based on updated underlying valuation assumptions. The following table summarizes the measurement period changes since the first quarter of 2024, as well as the updated and the allocation of purchase price consideration to the major classes of assets and liabilities (amounts in thousands) as of February 29, 2024: Final Purchase Price Allocation Measurement Period Changes Preliminary Purchase Price Allocation Accounts receivable $ 92,043 $ (6,396) $ 98,439 Inventories 150,900 4,912 145,988 Prepaid and other current assets 13,339 — 13,339 Property, plant, and equipment 115,090 (13,072) 128,162 Other long-term assets 111,864 15,661 96,203 Goodwill 29,563 16,696 12,867 Intangible assets 11,500 (4,270) 15,770 Fair value of assets acquired $ 524,299 $ 13,531 $ 510,768 Accounts payable $ 66,055 $ — $ 66,055 Other current liabilities 28,377 2,000 26,377 Operating leases 108,249 12,773 95,476 Deferred tax liabilities 7,773 (2,678) 10,451 Other long-term liabilities 1,509 — 1,509 Fair value of liabilities assumed $ 211,963 $ 12,095 $ 199,868 Purchase Price $ 312,336 $ 1,436 $ 310,900 Goodwill represents value the Company expects to be created by combining the operations of the acquired business with the Company's operations, including the expansion of customer relationships, access to new customers, and potential cost savings and synergies. Goodwill related to the acquisition is deductible for tax purposes. The carrying value of goodwill by reportable segment as of December 31, 2024 is as follows: Carrying Value as of December 31, 2024 Agricultural $ 4,844 Earthmoving/construction — Consumer 24,719 Total $ 29,563 The following table summarizes the carrying amounts and weighted average lives of the acquired intangible assets as of February 29, 2024 (amounts in thousands): Carrying Value Weighted Average Amortization Customer lists/relationships $ 6,000 10.00 Trade names 5,500 12.50 Total $ 11,500 11.30 Through December 31, 2024, the actual revenue and income before taxes of Carlstar since the acquisition date of February 29, 2024 included in the consolidated statement of operations is as shown below (amounts in thousands). The net income includes the effect of fair value adjustments for the amortization of inventory, intangible assets, and depreciation of property, plant and equipment. From Acquisition Date to Carlstar revenue $ 418,888 Carlstar income before taxes 19,587 The following is the unaudited pro forma financial information for the year ended December 31, 2024 and 2023 that reflects our results of our operations as if the acquisition of Carlstar had been completed on January 1, 2023. This unaudited pro forma financial information is provided for informational purposes only and is not necessarily indicative of what the actual results of operations would have been had the transactions taken place on January 1, 2023, nor is it indicative of the future consolidated results of operations or financial position of the combined companies (amounts in thousands, except per share data). Year ended December 31, 2024 2023 Pro forma revenues $ 1,947,755 $ 2,436,992 Pro forma net income 20,011 83,844 Net income per common share, basic $ 0.28 $ 1.13 Net income per common share, diluted 0.28 1.12 These pro forma amounts have been calculated after applying Titan's accounting policies and making certain adjustments, which primarily relate to: (i) severance-related costs, (ii) adjustments relating to the fair value step-ups to inventory, (iii) transaction-related costs of both Titan and Carlstar, and (iv) gain of $56.2 million related to a sale-leaseback transaction of certain domestic manufacturing facilities for Carlstar for the year ended December 31, 2023 prior to the acquisition by the Company. These pro forma amounts were adjusted to be excluded from the unaudited pro forma information for the year ended December 31, 2024 and were adjusted to include these amounts for the year ended December 31, 2023. Total acquisition-related costs for the year ended December 31, 2024 were $6.2 million.

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
ACCOUNTS RECEIVABLE, NET	ACCOUNTS RECEIVABLE, NET Accounts receivable at December 31, 2024 and 2023, consisted of the following (amounts in thousands): 2024 2023 2022 Accounts receivable $ 214,952 $ 224,485 $ 272,928 Allowance for credit losses (3,232) (5,340) (6,170) Accounts receivable, net $ 211,720 $ 219,145 $ 266,758 Accounts receivable are reduced by an estimated allowance for credit losses which is based on known risks and historical losses. Changes in the allowance for credit losses for the periods set forth below consisted of the following (amounts in thousands): 2024 2023 2022 Balance at January 1, $ 5,340 $ 6,170 $ 4,550 Provision charged to expense 191 50 2,043 Recoveries of accounts receivable (1,098) (138) (26) Other, including foreign currency translation (1,201) (742) (397) Balance at December 31, $ 3,232 $ 5,340 $ 6,170

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories at December 31, 2024 and 2023, consisted of the following (amounts in thousands): 2024 2023 Raw material $ 103,616 $ 108,504 Work-in-process 41,898 39,921 Finished goods 291,678 216,731 $ 437,192 $ 365,156

PREPAID AND OTHER CURRENT ASSET

PREPAID AND OTHER CURRENT ASSETS	12 Months Ended
	Dec. 31, 2024
Prepaid Expense and Other Assets, Current [Abstract]
PREPAID AND OTHER CURRENT ASSETS	PREPAID AND OTHER CURRENT ASSETS Prepaid and other current assets at December 31, 2024 and 2023, consisted of the following (amounts in thousands): 2024 2023 Value added tax and duty receivable, including tax credits $ 8,346 $ 15,255 Factory supplies 25,777 24,472 Prepaid expense 20,154 20,783 Prepaid taxes 2,160 2,144 Deposits 2,730 1,338 Contract receivable 1,734 1,213 Other 6,250 7,024 $ 67,151 $ 72,229

PROPERTY, PLANT, AND EQUIPMENT,

PROPERTY, PLANT, AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT, AND EQUIPMENT, NET	PROPERTY, PLANT, AND EQUIPMENT, NET Property, plant, and equipment at December 31, 2024 and 2023, consisted of the following (amounts in thousands): 2024 2023 Land and improvements $ 42,534 $ 42,140 Buildings and improvements 260,256 243,241 Machinery and equipment 703,899 628,975 Tools, dies, and molds 118,569 116,328 Construction-in-process 46,997 29,744 1,172,255 1,060,428 Less accumulated depreciation (751,037) (738,734) $ 421,218 $ 321,694 Depreciation, including depreciation on capital leases, related to property, plant, and equipment for the years ended December 31, 2024, 2023 and 2022 totaled $55.7 million, $41.0 million, and $41.5 million, respectively.

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS, NET	INTANGIBLE ASSETS, NET The components of intangible assets, net at December 31, 2024 and 2023, consisted of the following (amounts in thousands): 2024 Weighted- Average Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortizable intangible assets: Customer lists/relationships 12.50 $ 6,000 $ (400) $ 5,600 Trade names 10.00 5,500 (458) 5,042 Other intangibles 15.52 3,523 (2,180) 1,343 Total 15,023 (3,038) 11,985 2023 Weighted- Average Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortizable intangible assets: Other intangibles 15.52 3,384 (1,953) 1,431 Total 3,384 (1,953) 1,431 Amortization related to intangible assets were $1.5 million, $0.6 million, and $0.4 million for the years ended December 31, 2024, 2023 and 2022, respectively. The estimated aggregate amortization expense at December 31, 2024, for each of the years set forth below was as follows (amounts in thousands): 2025 $ 1,267 2026 1,267 2027 1,195 2028 1,153 2029 1,153 Thereafter 5,950 $ 11,985

OTHER LONG-TERM ASSETS

OTHER LONG-TERM ASSETS	12 Months Ended
	Dec. 31, 2024
Other Assets, Noncurrent Disclosure [Abstract]
OTHER LONG-TERM ASSETS	OTHER LONG-TERM ASSETS Other long-term assets at December 31, 2024 and 2023, consisted of the following (amounts in thousands): 2024 2023 Net pension asset $ 28,352 $ 19,566 Prepaid software 3,454 5,879 Investments in nonconsolidated affiliates 7,919 7,127 Manufacturing spares 2,087 2,089 Deferred financing costs 2,646 195 Other 6,933 4,495 $ 51,391 $ 39,351

OTHER CURRENT LIABILITIES

OTHER CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2024
Other Liabilities, Current [Abstract]
OTHER CURRENT LIABILITIES	OTHER CURRENT LIABILITIES Other current liabilities at December 31, 2024 and 2023, consisted of the following (amounts in thousands): 2024 2023 Compensation and benefits $ 47,735 $ 47,543 Warranty 12,571 11,848 Accrued insurance benefits 20,218 19,162 Customer rebates and deposits 15,004 15,490 Accrued other taxes 12,142 13,762 Accrued interest 5,646 4,955 Foreign government grant (a) 3,672 4,509 Other 26,306 22,109 $ 143,294 $ 139,378 (a) The Company received government subsidies in 2023 associated with capital expenditure investments in technological and digital innovation in Europe. The amount of the government subsidy is used to offset existing payables to governmental entities in the future. In addition, during August 2014, the Company received an approximately $17.0 million capital grant from the Italian government for asset damages related to the earthquake that occurred in May 2012 at one of our Italian subsidiaries. The grant was recorded as deferred income in non-current liabilities

DEBT

DEBT	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
DEBT	DEBT Long-term debt consisted of the following as of the dates set forth below (amounts in thousands): December 31, 2024 Principal Balance Unamortized Debt Issuance Net Carrying Amount 7.00% senior secured notes due 2028 $ 400,000 $ (2,847) $ 397,153 Revolving credit facility 146,000 — 146,000 Titan Europe credit facilities 15,199 — 15,199 Other debt 7,093 — 7,093 Total debt 568,292 (2,847) 565,445 Less amounts due within one year 12,479 — 12,479 Total long-term debt $ 555,813 $ (2,847) $ 552,966 December 31, 2023 Principal Balance Unamortized Debt Issuance Net Carrying Amount 7.00% senior secured notes due 2028 $ 400,000 $ (3,723) $ 396,277 Titan Europe credit facilities 22,568 — 22,568 Other debt 7,246 — 7,246 Total debt 429,814 (3,723) 426,091 Less amounts due within one year 16,913 — 16,913 Total long-term debt $ 412,901 $ (3,723) $ 409,178 The weighted-average interest rates on total short-term borrowings, at December 31, 2024 and December 31, 2023, were approximately 4.1% and 3.1%, respectively. Aggregate maturities of total debt at December 31, 2024, for each of the years (or other periods) set forth below were as follows (amounts in thousands): 2025 $ 12,488 2026 5,052 2027 1,734 2028 546,521 2029 588 Thereafter 1,909 $ 568,292 7.00% senior secured notes due 2028 On April 22, 2021, the Company issued $400.0 million aggregate principal amount of 7.00% senior secured notes due April 2028 (the senior secured notes due 2028), guaranteed by certain of the Company's subsidiaries. Including the impact of debt issuance costs, these notes had an effective yield of 7.27% at issuance. These notes are secured by the land and buildings of the following subsidiaries of the Company: Titan Wheel Corporation of Illinois, Titan Tire Corporation, Titan Tire Corporation of Freeport, and Titan Tire Corporation of Bryan. Revolving credit facility In connection with the acquisition of Carlstar, Titan entered into a new domestic credit facility which was effective on February 29, 2024. The new credit facility, with Bank of America as agent, consists of a $225.0 million revolving line of credit (the previous credit facility was $125.0 million) and is collateralized by accounts receivable and inventory of certain of the Company's domestic and Canadian subsidiaries. In addition, swingline loans and letters of credit are available under the facility up to an aggregate outstanding amount of $20.0 million for swingline loans and $50.0 million for letters of credit. The credit facility has a five-year term and can be expanded by up to $50.0 million through an uncommitted accordion provision within the agreement. It is scheduled to mature on February 28, 2029 or 91 days prior to the maturity of the Company's 7.00% secured notes due in 2028. The new credit facility has terms similar to those contained in the previous credit facility as well as other enhancements to further improve the availability within the borrowing base. The interest rate of the credit facility is based on the prevailing SOFR rate subject to certain debt levels within each month. As of December 31, 2024, the weighted average interest rate was 6.20%. The Company's total amount available for borrowing under the new credit facility at December 31, 2024 totaled $177.1 million, based on eligible accounts receivable and inventory balances. With outstanding letters of credit totaling $9.9 million and $146.0 million in outstanding borrowings under the revolving credit facility, the net amount available for borrowing under the new credit facility totaled $21.2 million at December 31, 2024. Prior to February 29, 2024, the Company had a $125.0 million revolving credit facility with BMO Harris Bank N.A., as agent, and other financial institutions party thereto, until the completion of the new credit facility noted above. The $125.0 million credit facility was collateralized by accounts receivable and inventory of certain of the Company’s domestic subsidiaries and was scheduled to mature in October 2026. The credit facility could have been expanded by up to $50.0 million through an accordion provision within the agreement. From time to time, Titan's availability under this credit facility could have been less than $125.0 million as a result of outstanding letters of credit and eligible accounts receivable and inventory balances at certain of its domestic subsidiaries. This credit facility was terminated in connection with the effectiveness of the new credit facility. Titan Europe credit facilities The Titan Europe credit facilities included borrowings from various institutions totaling $15.2 million and $22.6 million in aggregate principal amount at December 31, 2024 and 2023, respectively. Maturity dates on this primarily unsecured debt range from less than one year to five years. The interest rates range from 0.5% to 6.5%. Other debt The Company has working capital loans at Titan Pneus do Brasil Ltda at varying interest rates between approximately 6.9% to 7.6%, which totaled $7.1 million at December 31, 2024. Similarly, the Company held a working capital loan at Titan Pneus do Brasil Ltda at varying interest rates from approximately 5% to 6.5%, which totaled $7.2 million at December 31, 2023. The maturity dates on these loans range from one year to two years. The Company expects to negotiate an extension of the maturity date on these loans with the respective financial institutions or to repay the loan, as needed. Debt restrictions The Company’s $225 million revolving credit facility (credit facility) and indenture relating to the 7.00% senior secured notes due 2028 contain various restrictions, including: • When remaining availability under the credit facility is less than the greater of (i) $17 million and (ii) 10% of the credit facility’s line cap (the line cap being the lesser of our borrowing base or the lenders’ commitments under the credit facility), the Company will be required to maintain a minimum fixed charge coverage ratio of not less than 1.0 to 1.0 (calculated quarterly on a trailing four quarter basis); • Limits on dividends and repurchases of the Company’s stock; • Restrictions on the ability of the Company to make additional borrowings, or to consolidate, merge, or otherwise fundamentally change the ownership of the Company; • Limits on investments, dispositions of assets, and guarantees of indebtedness; and • Other customary affirmative and negative covenants. These covenants are subject to a number of exceptions and qualifications that are described in the credit and security agreement and the indenture relating to the 7.00% senior secured notes due 2028. These restrictions could limit the Company’s ability to respond to market conditions, provide for unanticipated capital investments, raise additional debt or equity capital, pay dividends, repurchase stock or take advantage of business opportunities, including future acquisitions. The Company was in compliance with these debt covenants at December 31, 2024.

OTHER LONG-TERM LIABILITIES

OTHER LONG-TERM LIABILITIES	12 Months Ended
	Dec. 31, 2024
Other Liabilities, Noncurrent [Abstract]
OTHER LONG-TERM LIABILITIES	OTHER LONG-TERM LIABILITIES Other long-term liabilities at December 31, 2024 and 2023, consisted of the following (amounts in thousands): 2024 2023 Accrued pension liabilities $ 10,146 $ 12,795 Foreign government grant (a) 11,298 12,383 Warranty 9,821 9,862 Income tax liabilities 1,215 35 Other 6,057 6,677 $ 38,537 $ 41,752

WARRANTY

WARRANTY	12 Months Ended
	Dec. 31, 2024
Product Warranties Disclosures [Abstract]
WARRANTY	WARRANTY Changes in the warranty liability for the periods set forth below consisted of the following (amounts in thousands): 2024 2023 Warranty liability, January 1 $ 21,710 $ 19,914 Provision for warranty liabilities 12,766 14,478 Warranty payments made (13,868) (12,682) Other adjustments, including acquisition of Carlstar 1,784 — Warranty liability, December 31 $ 22,392 $ 21,710 The Company provides limited warranties on workmanship on its products in all market segments. The majority of the Company’s products are subject to a limited warranty that ranges between less than one year and ten years, with certain product warranties being prorated after the first year. The Company calculates a provision for warranty expense based on past warranty experience. Warranty accruals are included as a component of other current liabilities and other long-term liabilities on the consolidated balance sheets.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS The Company uses financial derivatives to mitigate its exposure to volatility in foreign currency exchange rates. Periodically, the Company enters into derivative transactions to hedge against fluctuations in commodity prices in North America. These derivative financial instruments are recognized at their fair value. The fair value of the hedges is recorded on the balance sheet as either an asset or liability, depending on whether the value of the hedge is positive or negative. These derivatives are designated as cash flow hedges. Any changes in fair value are recognized in other comprehensive income (OCI) until the hedged item affects earnings. When the hedged item impacts earnings, the accumulated gains or losses in OCI are reclassified to the income statement in the same period or periods during which the hedged item affects earnings. The amount of unrealized gains and losses from cash flow hedges that are expected to be reclassified to earnings in the next twelve months, is not significant; therefore, additional disclosures are not presented.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	12 Months Ended
	Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive loss consisted of the following at the dates set forth below (amounts in thousands): Currency Gain (Loss) on Derivatives Unrecognized Total Balance at January 1, 2023 $ (243,712) $ 1,224 $ (9,267) $ (251,755) Currency translation adjustments 26,257 — — 26,257 Reclassification adjustments: Defined benefit pension plan adjustments, net of tax of $(2,663) — — 6,939 6,939 Derivative loss — (484) — (484) Balance at December 31, 2023 (217,455) 740 (2,328) (219,043) Currency translation adjustments (72,223) — — (72,223) Reclassification adjustments: Defined benefit pension plan adjustments, net of tax of $(1,888) — — 5,624 5,624 Derivative loss — (235) (235) Balance at December 31, 2024 $ (289,678) $ 505 $ 3,296 $ (285,877)

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	12 Months Ended
	Dec. 31, 2024
Equity, Attributable to Parent [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS’ EQUITY On December 16, 2022, the Board of Directors authorized the Share Repurchase Program allowing for the expenditure of up to $50.0 million for the repurchase of the Company's common stock. This authorization took effect immediately and will remain in place for up to three years. Under the Share Repurchase Program Titan repurchased 1,964,593 shares of its common stock totaling $16.4 million during 2024. As of December 31, 2024, $1.0 million remains available for future share repurchases under this program. The Company records treasury stock using the cost method. On October 18, 2024, the Company entered into a Stock Repurchase Agreement (the “Stock Repurchase Agreement”) with MHR Capital Partners Master Account LP, a limited partnership organized in Anguilla, British West Indies, MHR Capital Partners (100) LP, a Delaware limited partnership, and MHR Institutional Partners III L.P., a Delaware limited partnership (together, the “MHR Funds”, a related party). Pursuant to the Stock Repurchase Agreement, the Company purchased in a privately negotiated transaction from the MHR Funds, and the MHR Funds sold to the Company, an aggregate of 8,005,000 shares (the “MHR Shares”) of the Company’s Common Stock, $0.0001 par value per share, at a per share price of $7.20 per share, for aggregate cash consideration equal to $57.6 million (the “MHR Repurchase”). The Company records treasury stock using the cost method. The Company and the Russian Direct Investment Fund (RDIF) own all of the equity interests in Voltyre-Prom, a leading producer of agricultural and industrial tires in Volgograd, Russia. On February 11, 2019, the Company entered into a definitive agreement (the Agreement) with an affiliate of the RDIF relating to the put option included in the Voltyre-Prom Shareholders' Agreement that was exercised by RDIF. In November 2021, Titan received regulatory approval for the issuance of restricted Titan common stock to RDIF. On December 17, 2021, the Company issued 4,032,259 shares of restricted Titan common stock to the RDIF equity holders subject to the Company's right to repurchase the shares for $25.0 million until February 12, 2022. On February 1, 2022, the Company entered into a Stock Purchase Agreement with the RDIF equity holders to buy back the restricted Titan common stock for the previously agreed amount of $25.0 million. The transaction was completed on February 1, 2022. Following the transaction, the Company and RDIF's ownership remained at 64.3% and 35.7%, respectively, of Voltyre-Prom.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	12 Months Ended
	Dec. 31, 2024
Variable Interest Entity, Measure of Activity [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES The Company held a variable interest in one joint venture for which Titan is the primary beneficiary. Titan sold the ownership interest in a manufacturer of undercarriage components and complete track systems for earthmoving machines in India on September 30, 2024. Prior to September 30, 2024, as the primary beneficiary of this variable interest entity (VIE), the VIE's assets, liabilities, and results of operations are included in the Company’s consolidated financial statements. The other equity holder's interests are reflected in “Net income attributable to noncontrolling interests” in the consolidated statements of operations and “Noncontrolling interests” in the consolidated balance sheets. The following table summarizes the carrying amount of the VIEs’ assets and liabilities included in the Company’s consolidated balance sheets at December 31, 2024 and 2023 (amounts in thousands): 2024 2023 Cash and cash equivalents $ — $ 355 Inventory — 1,431 Other current assets — 2,364 Property, plant, and equipment, net — 2,477 Other non-current assets — 222 Total assets $ — $ 6,849 Current liabilities — 1,117 Other long-term liabilities — 869 Total liabilities $ — $ 1,986 All assets in the above table can only be used to settle obligations of the consolidated VIE to which the respective assets relate. Liabilities are non-recourse obligations. Amounts presented in the table above are adjusted for intercompany eliminations. The Company holds variable interests in certain VIEs that are not consolidated because Titan is not the primary beneficiary. The Company's involvement with these entities is in the form of direct equity interests and prepayments related to purchases of materials. The maximum exposure to loss represents the loss of assets recognized by Titan relating to non-consolidated entities and amounts due to the non-consolidated assets. The assets and liabilities recognized in Titan's consolidated balance sheets related to Titan's interest in these non-consolidated VIEs and the Company's maximum exposure to loss relating to non-consolidated VIEs were as follows at December 31, 2024 and 2023 (amounts in thousands): 2024 2023 Investments $ 7,919 $ 7,127 Total VIE assets 7,919 7,127 Accounts payable to the non-consolidated VIEs 2,646 3,578 Maximum exposure to loss $ 10,565 $ 10,705

ROYALTY EXPENSE

ROYALTY EXPENSE	12 Months Ended
	Dec. 31, 2024
Other Income and Expenses [Abstract]
ROYALTY EXPENSE	ROYALTY EXPENSE The Company has trademark license agreements with The Goodyear Tire & Rubber Company to manufacture and sell certain farm tires under the Goodyear name. These agreements cover sales in North America, Latin America, Europe, the Middle East, Africa, Russia, and other Commonwealth of Independent States countries. Each of these agreements is scheduled to expire in 2025 and is expected to be renewed with similar terms as the previous agreement. The Company also has a trademark license agreement with Carlisle Companies, Inc. to manufacture and sell certain tires under the Carlisle ® brand. This trademark license agreement is scheduled to expire in 2033. Royalty expenses recorded for the years ended December 31, 2024, 2023, and 2022, were $10.1 million, $9.6 million, and $11.7 million, respectively.

OTHER INCOME

OTHER INCOME	12 Months Ended
	Dec. 31, 2024
Other Income and Expenses [Abstract]
OTHER INCOME	OTHER INCOME Other income consisted of the following for the years set forth below (amounts in thousands): 2024 2023 2022 Gain on property insurance settlement (a) $ 2,433 $ — $ — Pension plan income 1,619 138 2,040 Equity investment income 1,020 1,158 859 Gain on sale of assets 806 246 216 Income on indirect taxes (b) — 475 32,043 Loss on sale of Australia wheel business (c) — — (10,890) Proceeds from government grant (d) — 319 1,324 Loss on sale of investment (e) (379) — — Other income (expense) 1,116 292 (172) $ 6,615 $ 2,628 $ 25,420 (a) The gain on property insurance settlement relates to the receipt of insurance proceeds of $3.5 million offset by costs to repair one of the Company's operating facilities in Italy related to a 2023 hail storm weather event. During the three months ended September 30, 2024, the Company also received insurance proceeds of $0.5 million associated with certain equipment at our North American wheel facility. (b) In May 2022 and September 2022, the Brazilian tax authorities approved indirect tax credits to be applied against future tax obligations. Refer to Note 19 for additional information. (c) The loss on sale of the Australian wheel business is comprised primarily of the release of the cumulative translation adjustment of approximately $10.0 million and closing costs associated with the completion of the transaction of approximately $0.9 million. Refer to Note 1 for additional information. (d) For the year ended December 31, 2023, the Company received government subsidies associated with current year capital expenditure investments in technological and digital innovation in Europe, of which $0.3 million was recorded as other income. In addition, during August 2014, the Company received approximately $17.0 million capital grant from the Italian government for asset damages related to the earthquake that occurred in May 2012 at one of our Italian subsidiaries. The grant was recorded as deferred income in non-current liabilities which is being amortized over the life of the reconstructed building. There are no specific stipulations associated with the government grant. The Company received proceeds of an additional $1.9 million from the grant for the year ended December 31, 2022, of which $1.3 million was recorded as other income to match to the historical depreciation recorded on the underlying assets. Refer to Note 9 for additional information. (e) In September 2024, the Company sold its remaining ownership interest in an Indian undercarriage business and incurred a loss of $0.4 million as a result of the sale. The sale agreement includes a commitment to purchase approximately $1.7 million of products from the Indian undercarriage business over a two year period.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income (loss) before income taxes, consisted of the following for the years set forth below (amounts in thousands): 2024 2023 2022 Domestic $ (32,410) $ 20,809 $ 73,361 Foreign 40,681 88,939 128,992 $ 8,271 $ 109,748 $ 202,353 The income tax provision was as follows for the years set forth below (amounts in thousands): 2024 2023 2022 Current Federal $ 372 $ (217) $ (55) State (442) 1,341 1,897 Foreign 18,289 26,999 44,710 18,219 28,123 46,552 Deferred Federal (1,290) (2,513) (14,953) State (1,896) 1,186 (10,959) Foreign (3,172) (754) 2,527 (6,358) (2,081) (23,385) Income tax provision $ 11,861 $ 26,042 $ 23,167 The income tax provision differs from the amount of income tax determined by applying the statutory U.S. federal income tax rate to pre-tax income (loss) as a result of the following: 2024 2023 2022 Statutory U.S. federal tax rate 21.0 % 21.0 % 21.0 % Unrecognized tax positions 7.3 — (0.3) Foreign tax rate and income differential 128.4 9.6 11.7 Valuation allowance (100.3) (3.5) (23.4) State taxes, net (18.0) 1.2 2.0 Nondeductible royalty — 0.8 0.5 Federal Benefit of Notice 2023-55 — (5.2) — Expired tax credits 69.5 — — Equity based compensation 1.1 — (0.3) Return to provision 25.4 0.2 0.1 Transaction Costs 9.5 — — Other, net (0.5) (0.4) 0.1 Effective tax rate 143.4 % 23.7 % 11.4 % The effective tax rate for the year ended December 31, 2024, was 143.4% compared to 23.7% for the year ended December 31, 2023. The effective rate for 2024 was negatively affected by the impacts of foreign income, which resulted in a net $10.6 million tax expense. For 2024 the rate was positively impacted by the valuation allowance and state income tax, which resulted in a federal benefit of $8.3 million and $1.5 million, respectively. After giving consideration to these items, the effective tax rate for 2024 of 143.4% was higher than the 21% U.S. federal statutory rate. In December 2021, the U.S. Treasury Department released final regulations concerning the U.S foreign tax credit. In November 2022, the U.S. Treasury Department and IRS released proposed regulations which provided additional guidance relating to the credits for foreign taxes. As a result, for 2022 the Company did not expect to receive a credit for Brazilian income taxes paid for U.S. tax purposes. This resulted in US tax associated with the Brazilian income, which led to a higher impact of foreign income in the rate for 2022. In July 2023, the IRS released Notice 2023-55. This notice generally allows a taxpayer that determined foreign taxes were creditable prior to the 2022 FTC final regulations to continue to treat such foreign income taxes as creditable during 2022 and 2023. Thus, this notice allows Titan to continue to take the position Brazilian income taxes are creditable taxes for 2023. Furthermore, it allowed Titan to take the position on its 2022 tax return that the Brazilian income taxes are creditable, resulting in a $5.7 million federal benefit. In jurisdictions where the Company operates, management continues to monitor the realizability of the deferred tax assets arising from losses in its cyclical business, taking into account multiple factors. As of each reporting date, management considers new evidence, both positive and negative, that could affect its view of the future realization of deferred tax assets. The Company continues to record a valuation allowance in several major jurisdictions, including various U.S. states, Italy, and Luxembourg as these amounts remain more likely than not that the deferred tax assets would not be utilized. The Company did not release a valuation allowance in 2024 and released a valuation allowance of $0.6 million on the net deferred tax asset in 2023. These amounts are primarily related to net operating losses generated from operations in these certain countries. The Company is involved in various tax matters, for some of which the outcome is uncertain. The Company believes that it has adequate tax reserves to address these open tax matters acknowledging that the outcome and timing of these events are uncertain. Management records a reduction to the carrying amounts of deferred tax assets by recording a valuation allowance if, based on the available evidence, it is more likely than not such assets will not be realized. The valuation of deferred tax assets requires judgment in assessing future profitability by year, including the impact of tax planning strategies, relative to the expiration dates, if any, of the assets. Management considers both positive and negative evidence when measuring the need for a valuation allowance. The weight given to the evidence is commensurate with the extent to which it may be objectively verified. Current and cumulative financial reporting results are a source of objectively verifiable evidence. Management gives operating results during the most recent three-year period a significant weight in our analysis. Management considers whether positive cumulative operating results exist in the most recent three-year period. Management performs scheduling exercises as needed to determine if sufficient taxable income of the appropriate character exists in the periods required in order to realize our deferred tax assets with limited lives (such as tax loss carryforwards and tax credits) prior to their expiration. Management also considers prudent tax planning strategies (including an assessment of their feasibility) to accelerate taxable income if required to utilize expiring deferred tax assets. A valuation allowance is not required to the extent that, in our judgment, positive evidence exists with a magnitude and duration sufficient to result in a conclusion that it is more likely than not that our deferred tax assets will be realized. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities at December 31, 2024 and 2023, were as follows (amounts in thousands): 2024 2023 Deferred tax assets: Net operating loss carryforwards $ 101,771 $ 104,166 Inventory 8,385 8,492 Warranty 6,347 6,496 Employee benefits and related costs 8,352 8,130 Prepaid royalties 1,006 1,576 Interest limitation 28,834 29,020 Lease liability 5,138 4,390 Intangible assets 4,732 1,592 Foreign Tax Credit 2,318 8,068 Other 7,401 7,255 Deferred tax assets 174,284 179,185 Deferred tax liabilities: Fixed assets (13,939) (11,577) Lease assets (5,181) (4,384) Pension (6,060) (3,740) Other (7,292) (4,150) Deferred tax liabilities (32,472) (23,851) Subtotal 141,812 155,334 Valuation allowance (106,496) (119,535) Net deferred tax liability $ 35,316 $ 35,799 As of December 31, 2024 and 2023, certain net tax loss carryforwards of $101.8 million and $104.2 million were available with $2.8 million expiring between 2024 and 2029 and $99.0 million expiring after 2029. At December 31, 2024, a valuation allowance of $106.5 million has been established. The net change in the valuation allowance was $(13.0) million and $(1.5) million for 2024 and 2023, respectively. The majority of the valuation allowance is related to deferred tax assets in the U.S., Italy, and Luxembourg. As of December 31, 2024, the Company has $65.6 million of gross federal net operating loss carryforward, a portion of which expires starting in 2035 and a portion of which does not expire. Additionally, the Company has $324.9 million of gross state net operating losses and $291.7 million of gross foreign loss carryforwards. The Company intends to permanently reinvest all undistributed earnings outside of the U.S. and, therefore, has not provided deferred income taxes on the outside basis differences in its investments in its foreign subsidiaries. Determination of the total amount of unrecognized deferred income taxes on undistributed earnings of foreign subsidiaries is not practicable. The Company or one of its subsidiaries files income tax returns in the U.S., Federal and State, and various foreign jurisdictions. The Company’s major locations are in the U.S., Brazil, and Italy. Open tax years for the U.S. are from 2021-2024, Brazil has open tax years from 2018-2024, and Italy has open tax years from 2018-2024. The Company has applied the provisions of ASC 740, “Income Taxes” related to unrecognized tax benefits. At December 31, 2024, 2023, and 2022, the unrecognized tax benefits were $1.2 million, $0.0 million, and $0.0 million, respectively. As of December 31, 2024, $1.2 million of unrecognized tax benefits would have affected income tax expense if the tax benefits were recognized. The majority of the accrual in unrecognized tax benefits relates to potential transfer pricing items and state tax exposures. Although management cannot predict with any degree of certainty the timing of ultimate resolution of matters under review by various taxing jurisdictions, it is possible that the Company’s gross unrecognized tax benefits balance will decrease by approximately $0.0 million within the next twelve months. A reconciliation of the total amounts of unrecognized tax benefits at December 31 were as follows (amounts in thousands): 2024 2023 2022 Balance at January 1 $ 23 $ 30 $ 540 Increases to tax positions taken during the current year — — — Increases to tax positions taken during the prior years 3,341 — — Decreases to tax positions taken during prior years — — — Decreases due to lapse of statutes of limitations — (7) (506) Settlements (273) — — Foreign exchange (12) — (4) Balance at December 31 $ 3,079 $ 23 $ 30 The Company accrues interest and penalties related to unrecognized tax benefits in income tax expense. The amount of interest and penalties related to unrecognized tax benefits recorded in income tax expense was $0.0 million, $0.0 million, and $0.0 million at December 31, 2024, 2023 and 2022, respectively. There were no accrued interest and penalties excluded at December 31, 2024, 2023, and 2022. Pillar II The Organization for Economic Co-operation and Development (the “OECD”) has issued various proposals that would change long-standing global tax principles. These proposals include a two-pillar approach to global taxation (BEPS 2.0/ Pillar Two), focusing on global profit allocation and a global minimum tax rate. On December 12, 2022, the European Union member states agreed to implement the OECD’s global corporate minimum tax rate of 15%, which became effective January 2024. The Company is assessing the impact of this proposal as countries are actively considering changes to their tax laws to adopt certain parts of the OECD's proposal but does not expect a material impact to the financials. Brazilian Tax Credits In June 2021, the Company’s Brazilian subsidiaries received a notice that they had prevailed on an existing legal claim in regards to certain non-income (indirect) taxes that had been previously charged and paid. The matter specifically relates to companies’ rights to exclude the state tax on goods circulation (a value-added-tax or VAT equivalent, known in Brazil as “ICMS”) from the calculation of certain additional indirect taxes (specifically the program of social integration (“PIS”) and contribution for financing of social security (“COFINS”) levied by the Brazilian States on the sale of goods. During the second quarter of 2023, one of the Company’s Brazilian subsidiaries received a notice that they had prevailed on an additional legal claim in regards to the non-income (indirect) taxes credits that had been granted in a prior year ruling. The most recent ruling exempted from taxes, the interest benefit on the indirect tax credits granted in prior year. For the year ended December 31, 2023, the Company recorded indirect tax credits of $0.5 million within other income in the consolidated statements of operations. The Company also recorded a $2.6 million benefit within the provision for income taxes in the consolidated statements of operations for the year ended December 31, 2023. During the second and third quarter of 2022, the Company submitted the related supporting documentation and received the approval from the Brazilian tax authorities for two of its Brazilian subsidiaries. For the year ended December 31, 2022, the Company recorded $32.0 million within other income in the consolidated statements of operations. The Company also recorded $16.1 million of income tax expense associated with the recognition of these indirect tax credits for the year ended December 31, 2022. Of the $16.1 million income tax expense recorded, $9.4 million was recorded locally in Brazil, while the remaining $6.7 million was recorded to the US in accordance with the GILTI income tax requirements. The Company has fully utilized the credits against future PIS/COFINS and income tax obligations by the end of 2023.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS Pension plans The Company has three frozen defined benefit pension plans covering certain employees or former employees of three U.S. subsidiaries. The Company also has pension plans covering certain employees of several foreign subsidiaries. The Company’s policy is to fund pension costs as required by law, which is consistent with the funding requirements of federal laws and regulations. Certain foreign subsidiaries maintain unfunded pension plans consistent with local practices and requirements. The Company’s recorded liability for pensions is based on a number of assumptions, including discount rates, rates of return on investments, mortality rates, and other factors. Certain of these assumptions are determined by the Company with the assistance of outside actuaries. Assumptions are based on past experience and anticipated future trends. These assumptions are reviewed on a regular basis and revised when appropriate. The following table provides the change in benefit obligation, change in plan assets, funded status, and amounts recognized in the consolidated balance sheet of the defined benefit pension plans as of December 31, 2024 and 2023 (amounts in thousands): Change in benefit obligation: 2024 2023 Benefit obligation at beginning of year $ 77,208 $ 79,379 Plan assumption changes (1,809) 1,391 Service cost 340 606 Interest cost 3,752 4,331 Actuarial gain (412) (632) Benefits paid (8,237) (7,588) Foreign currency translation (1,190) (279) Benefit obligation at end of year $ 69,652 $ 77,208 Change in plan assets: Fair value of plan assets at beginning of year $ 82,769 $ 75,025 Actual return on plan assets 9,733 14,558 Employer contributions 936 442 Benefits paid (7,214) (7,294) Foreign currency translation (201) 38 Fair value of plan assets at end of year $ 86,023 $ 82,769 Funded (unfunded) status at end of year $ 16,371 $ 5,561 Amounts recognized in Consolidated Balance Sheet: Noncurrent assets $ 28,352 $ 19,566 Current liabilities (1,227) (1,210) Noncurrent liabilities (10,754) (12,795) Net amount recognized in the Consolidated Balance Sheet $ 16,371 $ 5,561 The pension benefit obligation included $57.4 million of pension benefit obligation for the three frozen plans in the U.S. and $12.2 million of pension benefit obligation for plans at foreign subsidiaries. The fair value of plan assets included $85.4 million of plan assets for the three frozen plans in the U.S. and $0.6 million of plan assets for foreign plans. Information for pension plans with accumulated benefit obligations and projected benefit obligations in excess of plan assets were (amounts in thousands): 2024 2023 Pension Plans in which Accumulated Benefit Obligation Exceeds Plan Assets at December 31, Accumulated benefit obligation $ 11,778 $ 44,976 Fair value of plan assets $ 619 $ 31,903 Accumulated Benefit Obligation at December 31 $ 69,225 $ 76,746 Pension Plans in which Projected Benefit Obligation Exceeds Plan Assets at December 31, Projected benefit obligation $ 12,205 $ 45,439 Fair value of plan assets $ 619 $ 31,903 Projected Benefit Obligation at December 31 $ 69,652 $ 77,208 Amounts recognized in accumulated other comprehensive loss: 2024 2023 2022 Unrecognized prior service cost $ 445 $ 634 $ 643 Unrecognized net loss (3,779) (11,480) (21,091) Deferred tax effect of unrecognized items 6,630 8,518 11,181 Net amount recognized in accumulated other comprehensive loss $ 3,296 $ (2,328) $ (9,267) The weighted-average assumptions used in the actuarial computation that derived the benefit obligations at December 31 were as follows: 2024 2023 2022 Discount rate 5.7 % 5.2 % 5.8 % Expected long-term return on plan assets 6.5 % 6.5 % 6.5 % The following table provides the components of net periodic pension cost for the plans, settlement cost, and the assumptions used in the measurement of the Company’s benefit obligation for the years ended December 31, 2024, 2023, and 2022 (amounts in thousands): Components of net periodic benefit cost and other Net periodic benefit cost: 2024 2023 2022 Service cost $ 340 $ 606 $ 590 Interest cost 3,752 4,331 2,872 Assumed return on assets (5,198) (4,669) (6,071) Amortization of unrecognized prior service cost (58) (114) (85) Amortization of net unrecognized loss 279 1,004 1,426 Net periodic pension cost (benefit) $ (885) $ 1,158 $ (1,268) Service cost is recorded as cost of sales in the consolidated statement of operations while all other components are recorded in other income. The weighted-average assumptions used in the actuarial computation that derived net periodic pension cost for the years ended December 31, 2024, 2023, and 2022 were as follows: 2024 2023 2022 Discount rate 4.2 % 5.8 % 2.7 % The allocation of the fair value of plan assets was as follows: Percentage of Plan Assets Target Asset Category 2024 2023 2024 U.S. equities (a) 60 % 57 % 40% - 80% Fixed income 20 % 21 % 20% - 50% Cash and cash equivalents 8 % 10 % 0% - 20% International equities (a) 12 % 12 % 0% - 16% 100 % 100 % (a) Total equities may not exceed 80% of total plan assets. The majority of the Company's foreign plans do not have plan assets. The foreign plans which have plan assets holds these plan assets in an insurance or money market fund. The fair value of the plan assets by asset categories consisted of the following as of the dates set forth below (amounts in thousands): Fair Value Measurements as of December 31, 2024 Total Level 1 Level 2 Level 3 Money market funds $ 6,774 $ 6,774 $ — $ — Common stock 31,271 31,271 — — Bonds and securities 10,018 10,018 — — Mutual and insurance funds 37,960 37,101 859 — Totals $ 86,023 $ 85,164 $ 859 $ — Fair Value Measurements as of December 31, 2023 Total Level 1 Level 2 Level 3 Money market funds $ 8,186 $ 8,186 $ — $ — Common stock 27,658 27,658 — — Bonds and securities 10,302 10,302 — — Mutual and insurance funds 36,623 35,828 795 — Totals $ 82,769 $ 81,974 $ 795 $ — The Company invests in a diversified portfolio consisting of an array of asset classes in an attempt to maximize returns while minimizing risk. These asset classes include U.S. equities, fixed income, cash and cash equivalents, international equities and REITs. The investment objectives are to provide for the growth and preservation of plan assets on a long-term basis through investments in: investment grade securities that provide investment returns that meet or exceed the Standard & Poor’s 500 Index and investment grade fixed income securities that provide investment returns that meet or exceed the Barclays Capital Aggregate Bond Index. The U.S. equities asset category included the Company’s common stock in the amount of $0.6 million (approximately one percent of total plan assets) at December 31, 2024, and $1.9 million (approximately two percent of total plan assets) at December 31, 2023. The fair value of money market funds, stock, bonds, U.S. government securities and mutual funds is determined based on valuation for identical instruments in active markets. The long-term rate of return for plan assets is determined using a weighted-average of long-term historical approximate returns on cash and cash equivalents, fixed income securities, and equity securities considering the anticipated investment allocation within the plans. The expected return on plan assets is anticipated to be 7.0% over the long-term. This rate assumes long-term historical returns of approximately 8.5% for equities and approximately 4.0% for fixed income securities using the plans’ target allocation percentages. Professional investment firms, none of which are Titan employees, manage the plan assets. Based on the 2024 minimum pension funding calculations, the Company does not anticipate any minimum funding requirements. Projected benefit payments from the plans as of December 31, 2024, are estimated as follows (amounts in thousands): 2025 $ 7,776 2026 7,034 2027 6,626 2028 6,779 2029 6,514 2030-2034 29,117 401(k)/Defined contribution plans The Company sponsors three 401(k) retirement savings plans in the U.S. and a number of defined contribution plans at foreign subsidiaries. One U.S. plan is for the benefit of substantially all employees who are not covered by a collective bargaining arrangement. Titan provides a 50% matching contribution in the form of the Company’s common stock on the first 6% of the employee’s contribution in this plan. The Company issued 206,050 shares, 144,439 shares and 124,645 shares of common stock in connection with this 401(k) plan during 2024, 2023, and 2022, respectively. Expenses to the Company related to this common stock matching contribution were $1.7 million, $1.8 million, and $1.7 million for 2024, 2023, and 2022, respectively. The second U.S. plan is for the benefit of Carlstar employees. The Company matches employee contributions in an amount equal to 100% of the first 3% and 50% of the next 2% of the employee’s compensation. The Company incurred $1.5 million related to matching contributions from the date of the acquisition through December 31, 2024. The third U.S. 401(k) plan is for employees covered by collective bargaining agreements and does not include a Company matching contribution. Expenses related to foreign defined contribution plans were $3.5 million, $3.7 million, and $4.1 million for 2024, 2023, and 2022, respectively.

STOCK COMPENSATION

STOCK COMPENSATION	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
STOCK COMPENSATION	STOCK COMPENSATION The Company recorded stock compensation of $7.4 million, $6.0 million, and $4.3 million in 2024, 2023, and 2022, respectively. Titan International, Inc. Equity and Incentive Compensation Plan The Company adopted a new Titan International, Inc. Equity and Incentive Compensation Plan at the 2021 Annual Meeting of Stockholders to provide stock compensation as a means of attracting and retaining qualified independent directors and employees for the Company. A total of 2.5 million shares are available for future issuance under the equity incentive plan at December 31, 2024. Stock Options Under the Company's Equity Incentive Plan (or its predecessor plan), the Company granted no stock options in 2024, 2023, and 2022. The exercise price of stock options may not be less than the fair market value of the common stock on the date of the grant. The vesting and term of each option is set by the Board of Directors. All options outstanding at December 31, 2024 are fully vested and expire 10 years from the grant date. The following is a summary of activity in stock options during the year ended December 31, 2024: Shares Subject Weighted-Average Aggregate Intrinsic Value (in thousands) Exercise Price Remaining Contractual Life (in Years) Outstanding, December 31, 2023 348,200 $ 11.62 2.64 Granted — — Exercised — — Forfeited/Expired (59,000) 16.37 Outstanding, December 31, 2024 289,200 $ 10.65 2.09 $ — Exercisable, December 31, 2024 289,200 $ 10.65 2.09 $ — The Company uses the Black-Scholes option pricing model to determine the fair value of its stock options. The determination of the fair value of stock option awards on the date of grant using option pricing models is affected by the Company’s stock price, as well as assumptions regarding a number of complex and subjective variables. These variables include the Company’s expected stock price volatility over the expected term of the awards, actual and projected stock option exercise behaviors, risk-free interest rates, and expected dividends. The expected term of options represents the period of time over which options are expected to be outstanding and is estimated based on historical experience. Expected volatility is based on the historical volatility of the Company’s common stock calculated over the expected term of the option. The risk-free interest rate is based on U.S. Treasury yields in effect at the date of grant. Restricted Stock Units and Performance Stock Units Under the Company's Equity Incentive Plan (or its predecessor plan), the Company granted restricted stock units ("RSUs") to eligible employee and the members of the Company's Board of Directors. The restricted stock units to employees vest over a period of three years. The restricted stock units to the members of the Company's Board of Directors vest over a period of one year. At the time of grant, the Company estimates forfeitures, based on historical experience, in order to estimate the portion of the award that will ultimately vest. During 2024, 2023 and 2022, 665,473, 571,530, and 552,992 RSUs were granted, respectively. The Company recorded $6.5 million, $5.1 million and $3.4 million stock compensation expense associated with RSUs for the year ended December 31, 2024, 2023, and 2022, respectively. On December 28, 2021, the Company awarded certain named executive officers grants of long-term performance stock units (PSU) based on the achievement of certain adjusted-EBITDA targets for the fiscal years commencing January 1, 2021 and ending December 31, 2024. The number of shares earned could range between 0% and 125% of the target amount depending upon performance achieved over the four year vesting period. The Company recorded $0.9 million, $0.9 million and $0.9 million of stock compensation expense associated with PSUs for the year ended December 31, 2024, 2023, and 2022, respectively. A summary of RSU and PSU activity for the year ended December 31, 2024, is presented in the following table: RSU PSU (a) Total Shares Weighted-Average Grant Date Fair Value Unvested at December 31, 2023 973,646 328,948 1,302,594 $ 11.33 Granted 665,473 — 665,473 11.11 Vested (494,783) (328,948) (823,731) 11.08 Forfeited/Expired (2,000) — (2,000) 12.86 Unvested at December 31, 2024 1,142,336 — 1,142,336 $ 11.38 (a) The PSU awards are presented at maximum payout of 125% of the target amount and vested at December 31, 2024. The PSU award agreements indicate the shares will be issued within 15 calendar days from the filing date of the Company's Form 10-K for the year ended December 31, 2024. Pre-tax unrecognized compensation expense for unvested RSUs and PSUs was $8.2 million at December 31, 2024, and will be recognized as an expense over a weighted-average period of 1.2 years. The fair value of shares vested, based on the stock's fair value on the vesting date, was $8.0 million, $5.1 million, and $6.0 million for the years ended December 31, 2024, 2023, and 2022, respectively.

LITIGATION

LITIGATION	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
LITIGATION	LITIGATION The Company is a party to routine legal proceedings arising out of the normal course of business. Due to the difficult nature of predicting unresolved and future legal claims, the Company cannot anticipate or predict the material adverse effect on its consolidated financial condition, results of operations, or cash flows as a result of efforts to comply with, or liabilities pertaining to, legal judgments. In the opinion of management, the Company is not currently involved in any legal proceedings which, individually or in the aggregate, could have a material effect on its financial position, results of operations, or cash flows.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
LEASES	LEASES The Company leases certain buildings and equipment under both operating and finance leases. Certain lease agreements provide for renewal options, fair value purchase options, and payment of property taxes, maintenance, and insurance by the Company. Under ASC 842, Leases, the Company made an accounting policy election, by class of underlying asset, not to separate non-lease components such as those previously stated from lease components and instead will treat the lease agreement as a single lease component for all asset classes. Operating right-of-use (ROU) assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent Titan's obligations to make lease payments arising from the lease. The majority of Titan's leases are operating leases. Operating lease ROU assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As most of Titan's leases do not provide an implicit interest rate, the Company used its incremental borrowing rate (7.27%), based on the information available at the lease commencement date, in determining the present value of lease payments. Operating lease expense is recognized on a straight-line basis over the lease term and is included in cost of sales and selling, general and administrative expenses on the consolidated statement of operations. Amortization expense associated with finance leases is included in cost of sales and selling, general and administrative expenses, and interest expense associated with finance leases is included in interest expense in the consolidated statement of operations. For the years ended December 31, 2024, 2023, and 2022, operating lease expense was $24.5 million, $5.6 million, and $5.1 million, respectively, and finance lease amortization expense was $2.5 million, $3.0 million, and $2.6 million, respectively. Supplemental balance sheet information related to leases was as follows (amounts in thousands): Balance Sheet Classification December 31, 2024 December 31, 2023 Operating lease ROU assets Operating lease assets $ 117,027 $ 11,955 Operating lease current liabilities Operating leases current liabilities $ 11,999 $ 5,021 Operating lease long-term liabilities Operating leases long-term liabilities 106,020 6,153 Total operating lease liabilities $ 118,019 $ 11,174 Finance lease, gross Property, plant & equipment, net $ 6,801 $ 5,175 Finance lease accumulated depreciation Property, plant & equipment, net (4,442) (3,489) Finance lease, net $ 2,359 $ 1,686 Finance lease current liabilities Other current liabilities $ 986 $ 1,093 Finance lease long-term liabilities Other long-term liabilities 1,483 1,321 Total finance lease liabilities $ 2,469 $ 2,414 At December 31, 2024, maturity of lease liabilities were as follows (amounts in thousands): Operating Leases Finance Leases 2025 $ 19,460 $ 1,138 2026 18,112 884 2027 15,121 457 2028 13,401 236 2029 12,508 16 Thereafter 115,688 — Total future minimum lease payments $ 194,290 $ 2,731 Less imputed interest 76,271 262 $ 118,019 $ 2,469 Weighted average remaining lease term (in years) 13.50 2.67 Weighted average discount rate 7.27 % 7.27 % Supplemental cash flow information related to leases for the year ended December 31, 2024 were as follows: operating cash flows from operating leases were $39.8 million and operating cash flows from finance leases were $0.4 million. Supplemental cash flow information related to leases for the year ended December 31, 2023 were as follows: operating cash flows from operating leases were $6.8 million and operating cash flows from finance leases were $0.2 million.
LEASES	LEASES The Company leases certain buildings and equipment under both operating and finance leases. Certain lease agreements provide for renewal options, fair value purchase options, and payment of property taxes, maintenance, and insurance by the Company. Under ASC 842, Leases, the Company made an accounting policy election, by class of underlying asset, not to separate non-lease components such as those previously stated from lease components and instead will treat the lease agreement as a single lease component for all asset classes. Operating right-of-use (ROU) assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent Titan's obligations to make lease payments arising from the lease. The majority of Titan's leases are operating leases. Operating lease ROU assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As most of Titan's leases do not provide an implicit interest rate, the Company used its incremental borrowing rate (7.27%), based on the information available at the lease commencement date, in determining the present value of lease payments. Operating lease expense is recognized on a straight-line basis over the lease term and is included in cost of sales and selling, general and administrative expenses on the consolidated statement of operations. Amortization expense associated with finance leases is included in cost of sales and selling, general and administrative expenses, and interest expense associated with finance leases is included in interest expense in the consolidated statement of operations. For the years ended December 31, 2024, 2023, and 2022, operating lease expense was $24.5 million, $5.6 million, and $5.1 million, respectively, and finance lease amortization expense was $2.5 million, $3.0 million, and $2.6 million, respectively. Supplemental balance sheet information related to leases was as follows (amounts in thousands): Balance Sheet Classification December 31, 2024 December 31, 2023 Operating lease ROU assets Operating lease assets $ 117,027 $ 11,955 Operating lease current liabilities Operating leases current liabilities $ 11,999 $ 5,021 Operating lease long-term liabilities Operating leases long-term liabilities 106,020 6,153 Total operating lease liabilities $ 118,019 $ 11,174 Finance lease, gross Property, plant & equipment, net $ 6,801 $ 5,175 Finance lease accumulated depreciation Property, plant & equipment, net (4,442) (3,489) Finance lease, net $ 2,359 $ 1,686 Finance lease current liabilities Other current liabilities $ 986 $ 1,093 Finance lease long-term liabilities Other long-term liabilities 1,483 1,321 Total finance lease liabilities $ 2,469 $ 2,414 At December 31, 2024, maturity of lease liabilities were as follows (amounts in thousands): Operating Leases Finance Leases 2025 $ 19,460 $ 1,138 2026 18,112 884 2027 15,121 457 2028 13,401 236 2029 12,508 16 Thereafter 115,688 — Total future minimum lease payments $ 194,290 $ 2,731 Less imputed interest 76,271 262 $ 118,019 $ 2,469 Weighted average remaining lease term (in years) 13.50 2.67 Weighted average discount rate 7.27 % 7.27 % Supplemental cash flow information related to leases for the year ended December 31, 2024 were as follows: operating cash flows from operating leases were $39.8 million and operating cash flows from finance leases were $0.4 million. Supplemental cash flow information related to leases for the year ended December 31, 2023 were as follows: operating cash flows from operating leases were $6.8 million and operating cash flows from finance leases were $0.2 million.

PURCHASE OBLIGATIONS

PURCHASE OBLIGATIONS	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
PURCHASE OBLIGATIONS	PURCHASE OBLIGATIONS The purchase obligations mainly consist of commitments for raw material purchases and equipment associated with our global manufacturing operations. At December 31, 2024, the Company's expected cash outflow resulting from non-cancellable purchase obligations are summarized by year in the table below (amounts in thousands): 2025 $ 28,876 2026 3,287 2027 479 Total non-cancellable purchase obligations $ 32,642

SEGMENT AND GEOGRAPHICAL INFORM

SEGMENT AND GEOGRAPHICAL INFORMATION	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
SEGMENT AND GEOGRAPHICAL INFORMATION	SEGMENT AND GEOGRAPHICAL INFORMATION The Company has aggregated its operating segments into reportable segments based on its 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, “Description of Business and Significant Accounting Policies” to these Notes to the 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. Segment assets are generally determined on the basis of an allocation of the tangible assets located at such operating units’ manufacturing facilities and the intangible assets associated with the acquisitions of such operating units. However, certain operating units’ property, plant, and equipment balances are carried at the corporate level. Titan is 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 chief operating decision maker of Titan is Paul Reitz (President and CEO of Titan). 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 table below presents information about certain operating results, separated by market segments, for the years ended December 31, 2024, 2023, and 2022 (amounts in thousands): For the Year Ended December 31, 2024 Agriculture Earthmoving/Construction Consumer Corporate & Unallocated Total Net sales $ 788,580 $ 583,391 $ 473,966 $ — $ 1,845,937 Cost of sales 684,592 520,567 382,976 — 1,588,135 Gross profit 103,988 62,824 90,990 — 257,802 Selling, general and administrative expenses 52,910 47,741 64,900 26,243 191,794 Acquisition related expenses — — — 6,196 6,196 Research and development expenses 4,994 6,503 3,380 1,643 16,520 Royalty expense 6,304 1,571 2,233 — 10,108 Segment profit (loss) $ 39,780 $ 7,009 $ 20,477 $ (34,082) $ 33,184 Interest expense (36,429) (36,429) Interest income 11,024 11,024 Foreign exchange loss (6,123) (6,123) Other income 6,615 6,615 (Loss) income before income taxes $ (58,995) $ 8,271 For the Year Ended December 31, 2023 Agriculture Earthmoving/Construction Consumer Corporate & Unallocated Total Net sales $ 980,537 $ 687,758 $ 153,505 $ — $ 1,821,800 Cost of sales 817,511 577,068 121,372 — 1,515,951 Gross profit 163,026 110,690 32,133 — 305,849 Selling, general and administrative expenses 51,666 47,712 7,684 27,876 134,938 Research and development expenses 4,107 6,480 411 1,541 12,539 Royalty expense 6,611 1,376 1,658 — 9,645 Segment profit (loss) $ 100,642 $ 55,122 $ 22,380 $ (29,417) $ 148,727 Interest expense (29,157) (29,157) Interest income 10,372 10,372 Foreign exchange loss (22,822) (22,822) Other income 2,628 2,628 (Loss) income before income taxes $ (68,396) $ 109,748 For the Year Ended December 31, 2022 Agriculture Earthmoving/Construction Consumer Corporate & Unallocated Total Net sales $ 1,192,239 $ 807,356 $ 169,785 $ — $ 2,169,380 Cost of sales 998,654 671,568 138,448 — 1,808,670 Gross profit 193,585 135,788 31,337 — 360,710 Selling, general and administrative expenses 51,582 48,735 6,218 26,257 132,792 Research and development expenses 3,317 5,735 284 1,068 10,404 Royalty expense 8,212 1,508 1,992 — 11,712 Segment profit (loss) $ 130,474 $ 79,810 $ 22,843 $ (27,325) $ 205,802 Interest expense (32,149) (32,149) Interest income 2,353 2,353 Foreign exchange gain 927 927 Other income 25,420 25,420 (Loss) income before income taxes $ (30,774) $ 202,353 The table below presents information by products and reportable segments as of and for the years ended December 31, 2024, 2023, and 2022 (amounts in thousands): 2024 Agricultural Segment Earthmoving/Construction Segment Consumer Segment Total Revenues from external customers Wheels and Tires [including assemblies] $ 746,994 $ 213,994 $ 448,005 $ 1,408,993 Undercarriage systems and components 41,586 369,397 25,961 436,944 Total $ 788,580 $ 583,391 $ 473,966 $ 1,845,937 2023 Agricultural Segment Earthmoving/Construction Segment Consumer Segment Total Revenues from external customers Wheels and Tires [including assemblies] $ 935,274 $ 258,709 $ 130,297 $ 1,324,280 Undercarriage systems and components 45,263 429,049 23,208 497,520 Total $ 980,537 $ 687,758 $ 153,505 $ 1,821,800 2022 Agricultural Segment Earthmoving/Construction Segment Consumer Segment Total Revenues from external customers Wheels and Tires [including assemblies] $ 1,152,933 $ 329,403 $ 147,307 $ 1,629,643 Undercarriage systems and components 39,306 477,953 22,478 539,737 Total $ 1,192,239 $ 807,356 $ 169,785 $ 2,169,380 Depreciation and amortization expense by segment were as follows for the fiscal years ended as set forth below (amounts in thousands): Agriculture Earthmoving/Construction Consumer Corporate & Unallocated Total 2024 $ 24,850 18,433 15,585 1,836 $ 60,704 2023 $ 21,405 15,185 3,404 2,440 $ 42,434 2022 $ 22,645 15,337 3,226 1,539 $ 42,747 Assets by segment were as follows as of the dates set forth below (amounts in thousands): Agriculture Earthmoving/Construction Consumer Corporate & Unallocated (a) Total December 31, 2024 $ 569,632 441,551 512,254 61,516 $ 1,584,953 December 31, 2023 $ 559,607 497,508 155,602 76,528 $ 1,289,245 (a) Unallocated assets included cash of approximately $7 million, $32 million, and $20 million as of December 31, 2024, 2023, and 2022, respectively . The table below presents information by geographic area. Revenues from external customers were determined based on the location of the selling subsidiary. Geographic information as of and for the years ended December 31, 2024, 2023, and 2022 was as follows (amounts in thousands): 2024 2023 2022 Net Sales United States $ 935,724 $ 814,676 $ 1,074,715 Europe / CIS 462,066 558,677 577,877 Latin America 292,830 354,979 422,439 Asia and other regions 155,317 93,468 94,349 $ 1,845,937 $ 1,821,800 $ 2,169,380 Long-Lived Assets United States $ 184,686 $ 107,639 $ 97,112 Europe / CIS 132,349 142,749 138,617 Latin America 53,653 61,169 49,714 Asia and other regions 50,530 10,137 11,162 $ 421,218 $ 321,694 $ 296,605

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Earnings per share for 2024, 2023, and 2022 were as follows (amounts in thousands, except per share data): 2024 2023 2022 Net (loss) income applicable to common shareholders $ (5,560) $ 78,760 $ 176,302 Determination of shares: Weighted average shares outstanding (basic) 68,662 62,452 63,040 Effect of restricted stock and stock options — 509 651 Weighted average shares outstanding (diluted) 68,662 62,961 63,691 (Loss) earnings per share: Basic $ (0.08) $ 1.26 $ 2.80 Diluted $ (0.08) $ 1.25 $ 2.77 The effect of restricted stock and stock options has been excluded for the fiscal year ended December 31, 2024, as the effect would have been antidilutive. The weighted average shares excluded for equity awards for the year ended December 31, 2024 was 0.5 million.

SCHEDULE II _ VALUATION AND QUA

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS	SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS Reserves deducted in the balance sheet from the assets to which it applies (amounts in thousands): Additions Deductions Description Balance at Beginning Charged to Costs and Expenses Charged to Other Accounts Charged to Costs and Expenses Charged to Other Accounts Balance Year ended December 31, 2024 Deferred income tax valuation allowance: Domestic $ 38,554 $ — $ 97 $ (5,164) $ — $ 33,487 Foreign 80,981 2,064 — (5,194) (4,842) 73,009 Year ended December 31, 2023 Deferred income tax valuation allowance: Domestic $ 41,671 $ — $ — $ (3,117) $ — $ 38,554 Foreign 79,386 94 2,369 (868) — 80,981 Year ended December 31, 2022 Deferred income tax valuation allowance: Domestic $ 94,747 $ — $ — $ (53,076) $ — $ 41,671 Foreign 78,425 19,503 — (13,833) (4,709) 79,386

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net (loss) income applicable to common shareholders	$ (5,560)	$ 78,760	$ 176,302

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	The Company subscribes to a defense in depth strategy when it comes to cybersecurity and has processes in place to assist in the assessment, identification, and management of material risks from threats. Our cybersecurity strategy is largely guided by key principles and frameworks from the National Institute of Standards and Technology (NIST). The Company maintains technical and organizational safeguards, including employee training, incident response capability reviews, cybersecurity insurance and business continuity mechanisms for the protection of the Company’s assets. From time to time, the Company’s processes are audited and validated by internal and external experts. Semi-annually, the Company performs a risk mitigation assessment to assess and determine specific cybersecurity risks prevalent within the global information technology infrastructure and how those risks are mitigated. Further, through the use of an independent third-party service provider, the Company performs external penetration testing as well as internal network vulnerability testing to assess and identify gaps and vulnerabilities within the global information systems. In the event of a cybersecurity breach, the Company would execute its incident response plan, which provides a structured response, including proper reporting and communication of the incident. When a cybersecurity incident is determined to be significant, it is addressed by Senior Director of Information Technology using processes that leverage subject-matter expertise from across the Company. Further, the Company typically will engage third-party advisors as part of our incident management processes. All cybersecurity incidents that are identified as having the potential to be highly significant to the Company are brought to the attention of SVP, Chief Financial Officer as part of our cybersecurity incident response processes. The Company's executive management would report such incidents to the Company's Board of Directors as deemed necessary based on the overall significance and impact to the Company. Our cybersecurity team has an average of over 25 years of experience in information technology, security, and risk management, including individuals with a master’s degree in business administration as well as a master’s degree in cybersecurity. Cybersecurity risk management is incorporated into our overall enterprise risk management program. As part of its enterprise risk management efforts, critical enterprise risks are assessed by senior management annually and discussed with the Company's Board of Directors. Our Board of Directors has ultimate oversight for risks relating to our cybersecurity program and practices and receives regular updates from management on cybersecurity risks and threats. There have been no recent incidents of cybersecurity breaches within the Company’s information systems in the past three fiscal years. For additional information, refer to the section entitled “The Company may be adversely affected by a disruption in, or failure of, information technology systems” within “Item 1A – Risk Factors” in Part I of this Form 10-K.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	The Company subscribes to a defense in depth strategy when it comes to cybersecurity and has processes in place to assist in the assessment, identification, and management of material risks from threats. Our cybersecurity strategy is largely guided by key principles and frameworks from the National Institute of Standards and Technology (NIST). The Company maintains technical and organizational safeguards, including employee training, incident response capability reviews, cybersecurity insurance and business continuity mechanisms for the protection of the Company’s assets.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Cybersecurity risk management is incorporated into our overall enterprise risk management program. As part of its enterprise risk management efforts, critical enterprise risks are assessed by senior management annually and discussed with the Company's Board of Directors. Our Board of Directors has ultimate oversight for risks relating to our cybersecurity program and practices and receives regular updates from management on cybersecurity risks and threats.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	All cybersecurity incidents that are identified as having the potential to be highly significant to the Company are brought to the attention of SVP, Chief Financial Officer as part of our cybersecurity incident response processes. The Company's executive management would report such incidents to the Company's Board of Directors as deemed necessary based on the overall significance and impact to the Company. Our cybersecurity team has an average of over 25 years of experience in information technology, security, and risk management, including individuals with a master’s degree in business administration as well as a master’s degree in cybersecurity.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	In the event of a cybersecurity breach, the Company would execute its incident response plan, which provides a structured response, including proper reporting and communication of the incident. When a cybersecurity incident is determined to be significant, it is addressed by Senior Director of Information Technology using processes that leverage subject-matter expertise from across the Company. Further, the Company typically will engage third-party advisors as part of our incident management processes. All cybersecurity incidents that are identified as having the potential to be highly significant to the Company are brought to the attention of SVP, Chief Financial Officer as part of our cybersecurity incident response processes. The Company's executive management would report such incidents to the Company's Board of Directors as deemed necessary based on the overall significance and impact to the Company. Our cybersecurity team has an average of over 25 years of experience in information technology, security, and risk management, including individuals with a master’s degree in business administration as well as a master’s degree in cybersecurity. Cybersecurity risk management is incorporated into our overall enterprise risk management program. As part of its enterprise risk management efforts, critical enterprise risks are assessed by senior management annually and discussed with the Company's Board of Directors. Our Board of Directors has ultimate oversight for risks relating to our cybersecurity program and practices and receives regular updates from management on cybersecurity risks and threats.
Cybersecurity Risk Role of Management [Text Block]	The Company subscribes to a defense in depth strategy when it comes to cybersecurity and has processes in place to assist in the assessment, identification, and management of material risks from threats. Our cybersecurity strategy is largely guided by key principles and frameworks from the National Institute of Standards and Technology (NIST). The Company maintains technical and organizational safeguards, including employee training, incident response capability reviews, cybersecurity insurance and business continuity mechanisms for the protection of the Company’s assets. From time to time, the Company’s processes are audited and validated by internal and external experts. Semi-annually, the Company performs a risk mitigation assessment to assess and determine specific cybersecurity risks prevalent within the global information technology infrastructure and how those risks are mitigated. Further, through the use of an independent third-party service provider, the Company performs external penetration testing as well as internal network vulnerability testing to assess and identify gaps and vulnerabilities within the global information systems. In the event of a cybersecurity breach, the Company would execute its incident response plan, which provides a structured response, including proper reporting and communication of the incident. When a cybersecurity incident is determined to be significant, it is addressed by Senior Director of Information Technology using processes that leverage subject-matter expertise from across the Company. Further, the Company typically will engage third-party advisors as part of our incident management processes. All cybersecurity incidents that are identified as having the potential to be highly significant to the Company are brought to the attention of SVP, Chief Financial Officer as part of our cybersecurity incident response processes. The Company's executive management would report such incidents to the Company's Board of Directors as deemed necessary based on the overall significance and impact to the Company. Our cybersecurity team has an average of over 25 years of experience in information technology, security, and risk management, including individuals with a master’s degree in business administration as well as a master’s degree in cybersecurity. Cybersecurity risk management is incorporated into our overall enterprise risk management program. As part of its enterprise risk management efforts, critical enterprise risks are assessed by senior management annually and discussed with the Company's Board of Directors. Our Board of Directors has ultimate oversight for risks relating to our cybersecurity program and practices and receives regular updates from management on cybersecurity risks and threats.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	In the event of a cybersecurity breach, the Company would execute its incident response plan, which provides a structured response, including proper reporting and communication of the incident. When a cybersecurity incident is determined to be significant, it is addressed by Senior Director of Information Technology using processes that leverage subject-matter expertise from across the Company.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	When a cybersecurity incident is determined to be significant, it is addressed by Senior Director of Information Technology using processes that leverage subject-matter expertise from across the Company.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	In the event of a cybersecurity breach, the Company would execute its incident response plan, which provides a structured response, including proper reporting and communication of the incident. When a cybersecurity incident is determined to be significant, it is addressed by Senior Director of Information Technology using processes that leverage subject-matter expertise from across the Company. Further, the Company typically will engage third-party advisors as part of our incident management processes. All cybersecurity incidents that are identified as having the potential to be highly significant to the Company are brought to the attention of SVP, Chief Financial Officer as part of our cybersecurity incident response processes. The Company's executive management would report such incidents to the Company's Board of Directors as deemed necessary based on the overall significance and impact to the Company. Our cybersecurity team has an average of over 25 years of experience in information technology, security, and risk management, including individuals with a master’s degree in business administration as well as a master’s degree in cybersecurity.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

DESCRIPTION OF BUSINESS AND S_2

DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Principles of consolidation	Principles of consolidation The consolidated financial statements include the accounts of all majority-owned subsidiaries and variable interest entities in which Titan is the primary beneficiary. Investments in companies in which Titan does not own a majority interest, but which Titan has the ability to exercise significant influence over operating and financial policies are accounted for using the equity method. Investments in other companies are carried at cost. All significant intercompany accounts and transactions have been eliminated.
Reclassifications	Reclassifications The Company has reclassified certain prior period amounts in the consolidated balance sheet, primarily lease liabilities and warranty liabilities and in the consolidated statement of operations, primarily interest expense and interest income, to conform with the current period presentation.
Business combinations	Business combinations We account for business combinations under the acquisition method of accounting in accordance with Accounting Standards Codification Topic 805, Business Combinations, which requires an allocation of the consideration we paid to the identifiable assets, intangible assets and liabilities based on the estimated fair values as of the closing date of the acquisition. The excess of the fair value of the purchase price over the fair values of these identifiable assets, intangible assets and liabilities is recorded as goodwill. Purchased intangibles other than goodwill are initially recognized at fair value and amortized over their useful lives unless those lives are determined to be indefinite. The valuation of acquired assets will impact future operating results. The fair value of identifiable intangible assets is determined using an income approach on an individual asset basis. Specifically, we use the multi-period excess earnings method to determine the fair value of customer relationships and the relief-from-royalty approach to determine the fair value of the tradename and proprietary technology. Determining the fair value of acquired intangibles involves significant estimates and assumptions, including forecasted revenue growth rates, EBIT margins, percentage of revenue attributable to the tradename, contributory asset charges, customer attrition rate, market-participant discount rates, the assumed royalty rates and income tax rates. The determination of the useful life of an intangible asset other than goodwill is based on factors including historical tradename performance with respect to consumer name recognition, geographic market presence, market share, plans for ongoing tradename support and promotion, customer attrition rate, and other relevant factors.
Goodwill and other intangible assets	Goodwill and other intangible assets Goodwill represents the excess of purchase price over the fair value of net assets acquired. Goodwill is not amortized. For goodwill, impairment tests are required at least annually, or more frequently if events or circumstances indicate that it may be impaired, when some portion but not all of a reporting unit is disposed of or classified as assets held for sale, or when a change in the composition of reporting units occurs for other reasons, such as a change in segments. Based on its current organizational structure, the Company identified reporting units for which cash flows are determinable and to which goodwill was allocated. The Company performs its goodwill impairment test at least annually in the fourth quarter. For this goodwill impairment test, the Company used qualitative assessments. The Company performed this test by assessing qualitative factors to determine whether it was more likely than not that the fair value of each reporting unit was greater than its respective carrying value. Factors considered in the qualitative assessments include, among other things, macroeconomic conditions, industry and market considerations and the financial performance of the respective reporting units. If based on the results of the qualitative assessment, the Company were to determine that it is more likely than not that the fair value of a reporting unit is less than its carrying value, a quantitative assessment would be conducted. Based on the results of the annual goodwill impairment test, the Company determined there was no impairment. A quantitative test is used to determine existence of goodwill impairment and the amount of the impairment loss at the reporting unit level. The quantitative test compares the fair value of a reporting unit with its carrying amount, including goodwill. The Company uses an income-based valuation method, determining the present value of estimated future cash flows, to estimate the fair value of a reporting unit. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not impaired. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. Factors used in the impairment analysis require significant judgment, and actual results may differ from assumed and estimated amounts. The Company uses its own market assumptions including internal projections of future cash flows, discount rates and other assumptions considered reasonable in the analysis and reflective of market participant assumptions. These forecasts are based on historical performance and future estimated results. The discount rates utilized are based on a capital asset pricing model and published relevant industry rates, which take into consideration the risks and uncertainties inherent to the reporting units and in the internally developed forecasts. Other intangible assets with determinable lives primarily consist of customer lists/relationships and trademarks. Refer to Note 7 to the consolidated financial statements for further information. Long-lived assets (including definite-lived intangible assets) are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable, such as a significant sustained change in the business climate. If an indicator of impairment exists for any grouping of assets, an estimate of undiscounted future cash flows is prepared and compared to its carrying value. If an asset group is determined to be impaired, the loss is measured by the excess of the carrying amount of the asset group over its fair value, as determined by an estimate of discounted future cash flows.
Cash and cash equivalents	Cash and cash equivalents The Company considers short-term debt securities with an original maturity of three months or less to be cash equivalents. The cash in the Company's U.S. banks is not fully insured by the Federal Deposit Insurance Corporation. The Company had $185.3 million and $186.1 million of cash in foreign bank accounts at December 31, 2024 and 2023, respectively. The Company's cash in its foreign bank accounts is not fully insured.
Accounts receivable and allowance for credit loss	Accounts receivable and allowance for credit loss The Company carries its accounts receivable at their face amounts less an allowance for credit loss. The allowance is an estimate based on historical collection experience, current and future economic and market conditions and a review of the current status of customers' trade accounts receivable. In order to monitor credit risks associated with our customer base, credit worthiness of our existing customer base is reviewed on a periodic basis. At the end of each reporting period, the allowance for credit loss is reviewed relative to management's collectability assessment and adjusted if deemed necessary. The factors considered in this review include known bad debt risks and past loss history. Actual collection experience may differ from the current estimate of net receivables.
Concentration of credit risk	Concentration of credit risk
Inventories	Inventories Inventories are valued at the lower of cost or net realizable value. The Company’s inventories are valued under the first in, first out (FIFO) method or average cost method. Net realizable value is estimated based on current selling prices. Estimated provisions are established for slow-moving and obsolete inventory.
Fixed assets	Fixed assets Property, plant, and equipment have been recorded at cost. Depreciation is provided using the straight-line method over the following estimated useful lives of the related assets: Years Building and improvements 25 - 40 Machinery and equipment 7 - 20 Tools, dies, and molds 2 - 9 Maintenance and repairs are expensed as incurred. When property, plant, and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are eliminated, and any gain or loss on disposition is included in the accompanying consolidated statements of operations.
Impairment of long-lived assets	Impairment of long-lived assets The Company reviews fixed assets to assess recoverability from future operations whenever events and circumstances indicate that the carrying values may not be recoverable. Factors that could result in an impairment review include, but are not limited to, a current period cash flow loss combined with a history of cash flow losses, current cash flows that may be insufficient to recover the investment in the property over the remaining useful life, or a projection that demonstrates continuing losses associated with the use of a long-lived asset, significant changes in the manner of use of the assets, or significant changes in business strategies. Impairment losses are recognized in operating results when expected undiscounted cash flows are less than the carrying value of the asset. Impairment losses are measured as the excess of the carrying value of the asset over the discounted expected future cash flows or the estimated fair value of the asset.
Fair value of financial instruments	Fair value of financial instruments
Investments	Investments The Company uses the equity method to account for investments in entities that are not consolidated since Titan is not the primary beneficiary, but can exert significant influence over the entities. Under the equity method, investments are reported in other long-term assets on the consolidated balance sheets and are recorded at cost and adjusted for the Company's proportionate share of the net income or loss in the investments. The carrying value of these investments was $7.9 million and $7.1 million as of December 31, 2024, and December 31, 2023, respectively. The Company assesses the carrying value of its equity method investments whenever events and circumstances indicate that the carrying values may not be recoverable. Investment write-downs, if necessary, are recognized in operating results when expected undiscounted future cash flows are less than the carrying value of the asset. These write-downs, if any, are measured as the excess of the carrying value of the asset over the discounted expected future cash flows or the estimated fair value of the asset.
Foreign currency translation	Foreign currency translation The financial statements of the Company’s foreign subsidiaries are translated to United States dollars. Assets and liabilities are translated to United States dollars at period-end exchange rates. Income and expense items are translated at average rates of exchange prevailing during the period. Translation adjustments are included in “Accumulated other comprehensive loss” in stockholders’ equity. Gains and losses that result from foreign currency transactions are included in the accompanying consolidated statements of operations. Hyperinflation in Argentina and Turkey In July 2018 and March 2022, the three-year cumulative rate of inflation for consumer prices and wholesale prices reached a level in excess of 100% for Argentina and Turkey, respectively. As a result, in accordance with ASC 830 Foreign Currency Matters, Argentina and Turkey were considered hyperinflationary economies and the Company applied the standard for the years ended December 31, 2024 and 2023. In accordance with ASC 830, the Argentine and Turkish subsidiary's nonmonetary assets and liabilities, as well as related expenses such as depreciation, are remeasured into US dollars by applying the foreign exchange rate as of the date each respective entity became hyperinflationary. Monetary assets and liabilities are remeasured into US dollars using the current exchange rates. Any resulting gains or losses on these monetary assets and liabilities are reported in net income within the consolidated statements of operations. The Company recognized a net monetary loss of $3.2 million and $15.5 million recorded in foreign exchange (loss) gain in the consolidated statements of operations for the years ended December 31, 2024 and 2023. The decrease in the net monetary loss is due to the application of the accounting standard for the year ended December 31, 2023 which included cumulative prior period impacts which were not material to the annual 2023 financial statements.
Revenue recognition	Revenue recognition The Company derives revenues primarily from the sale of wheels, tires, tires/wheels assemblies, and undercarriage systems and components. The Company follows the five-step model to determine when to recognize revenue: (1) identify the contract(s) with the customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; (5) recognize revenue when the entity satisfies a performance obligation. In most arrangements within the Company, contracts with the customer are identified through the receipt of a purchase order, which also defines the terms of the contract including the performance obligations or products to be sold, and specific transaction prices associated with the products. In some other arrangements, a master agreement exists that defines pertinent contract terms such as products and price. Purchase orders are then issued under the master agreement for specific quantities of products, which are fulfilled at the specified price at a given point in time. Generally, the Company’s performance obligations under the contracts are satisfied when there is transfer of control of the products to our customers, which is primarily upon shipment or, in certain instances, upon delivery of the products to the named customer location. The payment terms and conditions in our contracts vary and are customary within the geographies that we serve. As the Company’s standard payment terms are less than one year, the Company has elected the practical expedient under ASC 606-10-32-18 to not assess whether a contract has a significant financing component. Revenues are stated net of returns, discounts and allowances, which are determined based on historical experience. Customer discounts and allowances, consisting primarily of volume discounts and other short-term incentive programs, are recorded as a reduction of revenue at the time of sale because these allowances reflect a reduction in the transaction price. Costs to obtain or fulfill a contract with a customer, such as sales commissions to agents and internal sales employees, are recognized as an expense when incurred since the amortization period would be one year or less. Shipping and handling costs are included as a component of cost of sales. Revenue derived from shipping and handling costs billed to customers is included in sales.
Cost of sales	Cost of sales Cost of sales is comprised primarily of direct materials and supplies consumed in the manufacturing of the Company’s products, as well as manufacturing labor, depreciation expense, and overhead expense necessary to acquire and convert the purchased materials and supplies into a finished product. Cost of sales also includes all purchasing, receiving, inspection, internal transfers, and related distribution costs.
Selling, general and administrative expense	Selling, general, and administrative expense Selling, general, and administrative (SG&A) expense is comprised primarily of sales commissions, marketing expense, selling, and administrative wages, information system costs, legal fees, bank charges, professional fees, depreciation and amortization expense on non-manufacturing assets, and other administrative items.
Research and development expense	Research and development expense
Advertising	Advertising
Warranty costs	Warranty costs The Company provides limited warranties on workmanship on its products in all market segments. The provision for estimated warranty costs is made in the period when such costs become probable and is based on past warranty experience. See Note 12 for additional information.
Income taxes	Income taxes Deferred income tax provisions are determined using the asset and liability method to recognize deferred tax assets and liabilities. This method is based upon differences between the financial statement carrying amounts and the respective tax basis of assets and liabilities using enacted tax rates that are expected to apply in the years the temporary differences are expected to be settled or realized. Valuation allowances are recorded where it is considered more likely than not that some portion or all of the deferred tax assets will not be realized. Tax benefits are recognized only for tax positions that are more likely than not to be sustained upon examination by tax authorities.
Earnings per share	Earnings per share Basic earnings per share (EPS) is computed by dividing consolidated net earnings applicable to common shareholders by the weighted average number of common shares outstanding. Diluted EPS is computed by dividing adjusted consolidated net earnings applicable to common shareholders by the sum of the weighted average number of common shares outstanding and the weighted average number of potential common shares outstanding. Potential common shares consist of outstanding options under the Company’s stock compensation plans.
Environmental liabilities	Environmental liabilities
Stock-based compensation	Stock-based compensation
Use of estimates	Use of estimates
Supplier financing program	Supplier financing program
Adoption of new accounting standards and New accounting pronouncements to be adopted in future periods	Adoption of new accounting standards In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Improvements to Reportable Segment Disclosures, which expands reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The amendments in the ASU require, among other things, disclosure of significant segment expenses that are regularly provided to an entity's chief operating decision maker (CODM) and a description of other segment items (the difference between segment revenue less the segment expenses disclosed under the significant expense principle and each reported measure of segment profit or loss) by reportable segment, as well as disclosure of the title and position of the CODM, and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. Annual disclosures are required for fiscal years beginning after December 15, 2023 and interim disclosures are required for periods within fiscal years beginning after December 15, 2024. Retrospective application is required, and early adoption is permitted. The Company adopted the impact of this ASU effective December 31, 2024 and incorporated the required disclosures within Note 25 to consolidated financial statements. New accounting pronouncements to be adopted in future periods In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, which requires disclosure of disaggregated income taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, may be applied prospectively or retrospectively, and allows for early adoption. These requirements will impact our income tax disclosures and we are currently evaluating the impact of adoption. In November 2024, FASB issued ASU 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosure (Subtopic 220-40): Disaggregation of Income Statement Expenses,” which requires additional disclosure about the specific expense categories in the notes to financial statements at interim and annual reporting periods. The amendments in this ASU do not change or remove current expense disclosure requirements but affect where this information appears in the notes to financial statements. This ASU is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with early adoption permitted. Upon adoption, the guidance can be applied prospectively or retrospectively. We are currently evaluating the impact that ASU 2024-03 will have on our consolidated financial statements.

DESCRIPTION OF BUSINESS AND S_3

DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Schedule of Property, Plant, and Equipment	Property, plant, and equipment have been recorded at cost. Depreciation is provided using the straight-line method over the following estimated useful lives of the related assets: Years Building and improvements 25 - 40 Machinery and equipment 7 - 20 Tools, dies, and molds 2 - 9 Property, plant, and equipment at December 31, 2024 and 2023, consisted of the following (amounts in thousands): 2024 2023 Land and improvements $ 42,534 $ 42,140 Buildings and improvements 260,256 243,241 Machinery and equipment 703,899 628,975 Tools, dies, and molds 118,569 116,328 Construction-in-process 46,997 29,744 1,172,255 1,060,428 Less accumulated depreciation (751,037) (738,734) $ 421,218 $ 321,694

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	12 Months Ended
	Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Business Acquisitions, by Acquisition	On February 29, 2024, the Company acquired 100% of the equity interests of The Carlstar Group, LLC ("Carlstar") for the following purchase consideration and subject to a working capital adjustment based on an agreed upon working capital target (amounts in thousands): Purchase Consideration Titan International, Inc. common stock $ 168,693 Base cash consideration, net of cash acquired of $10,288 127,500 $ 296,193 Additional cash consideration for excess net working capital acquired 19,759 Other debt-like items (3,616) Total purchase consideration, net of cash acquired $ 312,336
Schedule of Assets and Liabilities of Purchase Price Consideration	The following table summarizes the measurement period changes since the first quarter of 2024, as well as the updated and the allocation of purchase price consideration to the major classes of assets and liabilities (amounts in thousands) as of February 29, 2024: Final Purchase Price Allocation Measurement Period Changes Preliminary Purchase Price Allocation Accounts receivable $ 92,043 $ (6,396) $ 98,439 Inventories 150,900 4,912 145,988 Prepaid and other current assets 13,339 — 13,339 Property, plant, and equipment 115,090 (13,072) 128,162 Other long-term assets 111,864 15,661 96,203 Goodwill 29,563 16,696 12,867 Intangible assets 11,500 (4,270) 15,770 Fair value of assets acquired $ 524,299 $ 13,531 $ 510,768 Accounts payable $ 66,055 $ — $ 66,055 Other current liabilities 28,377 2,000 26,377 Operating leases 108,249 12,773 95,476 Deferred tax liabilities 7,773 (2,678) 10,451 Other long-term liabilities 1,509 — 1,509 Fair value of liabilities assumed $ 211,963 $ 12,095 $ 199,868 Purchase Price $ 312,336 $ 1,436 $ 310,900
Schedule of Goodwill	The carrying value of goodwill by reportable segment as of December 31, 2024 is as follows: Carrying Value as of December 31, 2024 Agricultural $ 4,844 Earthmoving/construction — Consumer 24,719 Total $ 29,563
Schedule of Carrying Amounts and Weighted Average Lives of the Acquired Intangible Assets	The following table summarizes the carrying amounts and weighted average lives of the acquired intangible assets as of February 29, 2024 (amounts in thousands): Carrying Value Weighted Average Amortization Customer lists/relationships $ 6,000 10.00 Trade names 5,500 12.50 Total $ 11,500 11.30
Schedule of Business Acquisition, Pro Forma Information	Through December 31, 2024, the actual revenue and income before taxes of Carlstar since the acquisition date of February 29, 2024 included in the consolidated statement of operations is as shown below (amounts in thousands). The net income includes the effect of fair value adjustments for the amortization of inventory, intangible assets, and depreciation of property, plant and equipment. From Acquisition Date to Carlstar revenue $ 418,888 Carlstar income before taxes 19,587 The following is the unaudited pro forma financial information for the year ended December 31, 2024 and 2023 that reflects our results of our operations as if the acquisition of Carlstar had been completed on January 1, 2023. This unaudited pro forma financial information is provided for informational purposes only and is not necessarily indicative of what the actual results of operations would have been had the transactions taken place on January 1, 2023, nor is it indicative of the future consolidated results of operations or financial position of the combined companies (amounts in thousands, except per share data). Year ended December 31, 2024 2023 Pro forma revenues $ 1,947,755 $ 2,436,992 Pro forma net income 20,011 83,844 Net income per common share, basic $ 0.28 $ 1.13 Net income per common share, diluted 0.28 1.12

ACCOUNTS RECEIVABLE, NET (Table

ACCOUNTS RECEIVABLE, NET (Tables)	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Schedule of Accounts Receivable	Accounts receivable at December 31, 2024 and 2023, consisted of the following (amounts in thousands): 2024 2023 2022 Accounts receivable $ 214,952 $ 224,485 $ 272,928 Allowance for credit losses (3,232) (5,340) (6,170) Accounts receivable, net $ 211,720 $ 219,145 $ 266,758
Schedule of Allowance for Credit Loss	Changes in the allowance for credit losses for the periods set forth below consisted of the following (amounts in thousands): 2024 2023 2022 Balance at January 1, $ 5,340 $ 6,170 $ 4,550 Provision charged to expense 191 50 2,043 Recoveries of accounts receivable (1,098) (138) (26) Other, including foreign currency translation (1,201) (742) (397) Balance at December 31, $ 3,232 $ 5,340 $ 6,170

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories at December 31, 2024 and 2023, consisted of the following (amounts in thousands): 2024 2023 Raw material $ 103,616 $ 108,504 Work-in-process 41,898 39,921 Finished goods 291,678 216,731 $ 437,192 $ 365,156

PREPAID AND OTHER CURRENT ASS_2

PREPAID AND OTHER CURRENT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2024
Prepaid Expense and Other Assets, Current [Abstract]
Schedule of Prepaid and Other Current Assets	Prepaid and other current assets at December 31, 2024 and 2023, consisted of the following (amounts in thousands): 2024 2023 Value added tax and duty receivable, including tax credits $ 8,346 $ 15,255 Factory supplies 25,777 24,472 Prepaid expense 20,154 20,783 Prepaid taxes 2,160 2,144 Deposits 2,730 1,338 Contract receivable 1,734 1,213 Other 6,250 7,024 $ 67,151 $ 72,229

PROPERTY, PLANT, AND EQUIPMEN_2

PROPERTY, PLANT, AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant, and Equipment	Property, plant, and equipment have been recorded at cost. Depreciation is provided using the straight-line method over the following estimated useful lives of the related assets: Years Building and improvements 25 - 40 Machinery and equipment 7 - 20 Tools, dies, and molds 2 - 9 Property, plant, and equipment at December 31, 2024 and 2023, consisted of the following (amounts in thousands): 2024 2023 Land and improvements $ 42,534 $ 42,140 Buildings and improvements 260,256 243,241 Machinery and equipment 703,899 628,975 Tools, dies, and molds 118,569 116,328 Construction-in-process 46,997 29,744 1,172,255 1,060,428 Less accumulated depreciation (751,037) (738,734) $ 421,218 $ 321,694

INTANGIBLE ASSETS, NET (Tables)

INTANGIBLE ASSETS, NET (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Components of Intangible Assets, Net	The components of intangible assets, net at December 31, 2024 and 2023, consisted of the following (amounts in thousands): 2024 Weighted- Average Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortizable intangible assets: Customer lists/relationships 12.50 $ 6,000 $ (400) $ 5,600 Trade names 10.00 5,500 (458) 5,042 Other intangibles 15.52 3,523 (2,180) 1,343 Total 15,023 (3,038) 11,985 2023 Weighted- Average Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortizable intangible assets: Other intangibles 15.52 3,384 (1,953) 1,431 Total 3,384 (1,953) 1,431
Schedule of Estimated Aggregate Amortization Expense	The estimated aggregate amortization expense at December 31, 2024, for each of the years set forth below was as follows (amounts in thousands): 2025 $ 1,267 2026 1,267 2027 1,195 2028 1,153 2029 1,153 Thereafter 5,950 $ 11,985

OTHER LONG-TERM ASSETS (Tables)

OTHER LONG-TERM ASSETS (Tables)	12 Months Ended
	Dec. 31, 2024
Other Assets, Noncurrent Disclosure [Abstract]
Schedule of Other Long-Term Assets	Other long-term assets at December 31, 2024 and 2023, consisted of the following (amounts in thousands): 2024 2023 Net pension asset $ 28,352 $ 19,566 Prepaid software 3,454 5,879 Investments in nonconsolidated affiliates 7,919 7,127 Manufacturing spares 2,087 2,089 Deferred financing costs 2,646 195 Other 6,933 4,495 $ 51,391 $ 39,351

OTHER CURRENT LIABILITIES (Tabl

OTHER CURRENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2024
Other Liabilities, Current [Abstract]
Schedule of Other Current Liabilities	Other current liabilities at December 31, 2024 and 2023, consisted of the following (amounts in thousands): 2024 2023 Compensation and benefits $ 47,735 $ 47,543 Warranty 12,571 11,848 Accrued insurance benefits 20,218 19,162 Customer rebates and deposits 15,004 15,490 Accrued other taxes 12,142 13,762 Accrued interest 5,646 4,955 Foreign government grant (a) 3,672 4,509 Other 26,306 22,109 $ 143,294 $ 139,378 (a) The Company received government subsidies in 2023 associated with capital expenditure investments in technological and digital innovation in Europe. The amount of the government subsidy is used to offset existing payables to governmental entities in the future. In addition, during August 2014, the Company received an approximately $17.0 million capital grant from the Italian government for asset damages related to the earthquake that occurred in May 2012 at one of our Italian subsidiaries. The grant was recorded as deferred income in non-current liabilities

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Instruments	Long-term debt consisted of the following as of the dates set forth below (amounts in thousands): December 31, 2024 Principal Balance Unamortized Debt Issuance Net Carrying Amount 7.00% senior secured notes due 2028 $ 400,000 $ (2,847) $ 397,153 Revolving credit facility 146,000 — 146,000 Titan Europe credit facilities 15,199 — 15,199 Other debt 7,093 — 7,093 Total debt 568,292 (2,847) 565,445 Less amounts due within one year 12,479 — 12,479 Total long-term debt $ 555,813 $ (2,847) $ 552,966 December 31, 2023 Principal Balance Unamortized Debt Issuance Net Carrying Amount 7.00% senior secured notes due 2028 $ 400,000 $ (3,723) $ 396,277 Titan Europe credit facilities 22,568 — 22,568 Other debt 7,246 — 7,246 Total debt 429,814 (3,723) 426,091 Less amounts due within one year 16,913 — 16,913 Total long-term debt $ 412,901 $ (3,723) $ 409,178
Schedule of Maturities of Long-Term Debt	Aggregate maturities of total debt at December 31, 2024, for each of the years (or other periods) set forth below were as follows (amounts in thousands): 2025 $ 12,488 2026 5,052 2027 1,734 2028 546,521 2029 588 Thereafter 1,909 $ 568,292

OTHER LONG-TERM LIABILITIES (Ta

OTHER LONG-TERM LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2024
Other Liabilities, Noncurrent [Abstract]
Schedule of Other Long-Term Liabilities	Other long-term liabilities at December 31, 2024 and 2023, consisted of the following (amounts in thousands): 2024 2023 Accrued pension liabilities $ 10,146 $ 12,795 Foreign government grant (a) 11,298 12,383 Warranty 9,821 9,862 Income tax liabilities 1,215 35 Other 6,057 6,677 $ 38,537 $ 41,752

WARRANTY (Tables)

WARRANTY (Tables)	12 Months Ended
	Dec. 31, 2024
Product Warranties Disclosures [Abstract]
Schedule of Product Warranty Liability	Changes in the warranty liability for the periods set forth below consisted of the following (amounts in thousands): 2024 2023 Warranty liability, January 1 $ 21,710 $ 19,914 Provision for warranty liabilities 12,766 14,478 Warranty payments made (13,868) (12,682) Other adjustments, including acquisition of Carlstar 1,784 — Warranty liability, December 31 $ 22,392 $ 21,710

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	12 Months Ended
	Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss consisted of the following at the dates set forth below (amounts in thousands): Currency Gain (Loss) on Derivatives Unrecognized Total Balance at January 1, 2023 $ (243,712) $ 1,224 $ (9,267) $ (251,755) Currency translation adjustments 26,257 — — 26,257 Reclassification adjustments: Defined benefit pension plan adjustments, net of tax of $(2,663) — — 6,939 6,939 Derivative loss — (484) — (484) Balance at December 31, 2023 (217,455) 740 (2,328) (219,043) Currency translation adjustments (72,223) — — (72,223) Reclassification adjustments: Defined benefit pension plan adjustments, net of tax of $(1,888) — — 5,624 5,624 Derivative loss — (235) (235) Balance at December 31, 2024 $ (289,678) $ 505 $ 3,296 $ (285,877)

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	12 Months Ended
	Dec. 31, 2024
Variable Interest Entity, Measure of Activity [Abstract]
Schedule of Variable Interest Entities	The following table summarizes the carrying amount of the VIEs’ assets and liabilities included in the Company’s consolidated balance sheets at December 31, 2024 and 2023 (amounts in thousands): 2024 2023 Cash and cash equivalents $ — $ 355 Inventory — 1,431 Other current assets — 2,364 Property, plant, and equipment, net — 2,477 Other non-current assets — 222 Total assets $ — $ 6,849 Current liabilities — 1,117 Other long-term liabilities — 869 Total liabilities $ — $ 1,986
Schedule of Non Consolidated Variable Interest Entities	The assets and liabilities recognized in Titan's consolidated balance sheets related to Titan's interest in these non-consolidated VIEs and the Company's maximum exposure to loss relating to non-consolidated VIEs were as follows at December 31, 2024 and 2023 (amounts in thousands): 2024 2023 Investments $ 7,919 $ 7,127 Total VIE assets 7,919 7,127 Accounts payable to the non-consolidated VIEs 2,646 3,578 Maximum exposure to loss $ 10,565 $ 10,705

OTHER INCOME (Tables)

OTHER INCOME (Tables)	12 Months Ended
	Dec. 31, 2024
Other Income and Expenses [Abstract]
Schedule of Other Income	Other income consisted of the following for the years set forth below (amounts in thousands): 2024 2023 2022 Gain on property insurance settlement (a) $ 2,433 $ — $ — Pension plan income 1,619 138 2,040 Equity investment income 1,020 1,158 859 Gain on sale of assets 806 246 216 Income on indirect taxes (b) — 475 32,043 Loss on sale of Australia wheel business (c) — — (10,890) Proceeds from government grant (d) — 319 1,324 Loss on sale of investment (e) (379) — — Other income (expense) 1,116 292 (172) $ 6,615 $ 2,628 $ 25,420 (a) The gain on property insurance settlement relates to the receipt of insurance proceeds of $3.5 million offset by costs to repair one of the Company's operating facilities in Italy related to a 2023 hail storm weather event. During the three months ended September 30, 2024, the Company also received insurance proceeds of $0.5 million associated with certain equipment at our North American wheel facility. (b) In May 2022 and September 2022, the Brazilian tax authorities approved indirect tax credits to be applied against future tax obligations. Refer to Note 19 for additional information. (c) The loss on sale of the Australian wheel business is comprised primarily of the release of the cumulative translation adjustment of approximately $10.0 million and closing costs associated with the completion of the transaction of approximately $0.9 million. Refer to Note 1 for additional information. (d) For the year ended December 31, 2023, the Company received government subsidies associated with current year capital expenditure investments in technological and digital innovation in Europe, of which $0.3 million was recorded as other income. In addition, during August 2014, the Company received approximately $17.0 million capital grant from the Italian government for asset damages related to the earthquake that occurred in May 2012 at one of our Italian subsidiaries. The grant was recorded as deferred income in non-current liabilities which is being amortized over the life of the reconstructed building. There are no specific stipulations associated with the government grant. The Company received proceeds of an additional $1.9 million from the grant for the year ended December 31, 2022, of which $1.3 million was recorded as other income to match to the historical depreciation recorded on the underlying assets. Refer to Note 9 for additional information. (e) In September 2024, the Company sold its remaining ownership interest in an Indian undercarriage business and incurred a loss of $0.4 million as a result of the sale. The sale agreement includes a commitment to purchase approximately $1.7 million of products from the Indian undercarriage business over a two year period.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Income (Loss) before Income Tax, Domestic and Foreign	Income (loss) before income taxes, consisted of the following for the years set forth below (amounts in thousands): 2024 2023 2022 Domestic $ (32,410) $ 20,809 $ 73,361 Foreign 40,681 88,939 128,992 $ 8,271 $ 109,748 $ 202,353
Schedule of Components of Income Tax Expense (Benefit)	The income tax provision was as follows for the years set forth below (amounts in thousands): 2024 2023 2022 Current Federal $ 372 $ (217) $ (55) State (442) 1,341 1,897 Foreign 18,289 26,999 44,710 18,219 28,123 46,552 Deferred Federal (1,290) (2,513) (14,953) State (1,896) 1,186 (10,959) Foreign (3,172) (754) 2,527 (6,358) (2,081) (23,385) Income tax provision $ 11,861 $ 26,042 $ 23,167
Schedule of Effective Income Tax Rate Reconciliation	The income tax provision differs from the amount of income tax determined by applying the statutory U.S. federal income tax rate to pre-tax income (loss) as a result of the following: 2024 2023 2022 Statutory U.S. federal tax rate 21.0 % 21.0 % 21.0 % Unrecognized tax positions 7.3 — (0.3) Foreign tax rate and income differential 128.4 9.6 11.7 Valuation allowance (100.3) (3.5) (23.4) State taxes, net (18.0) 1.2 2.0 Nondeductible royalty — 0.8 0.5 Federal Benefit of Notice 2023-55 — (5.2) — Expired tax credits 69.5 — — Equity based compensation 1.1 — (0.3) Return to provision 25.4 0.2 0.1 Transaction Costs 9.5 — — Other, net (0.5) (0.4) 0.1 Effective tax rate 143.4 % 23.7 % 11.4 %
Schedule of Deferred Tax Assets and Liabilities	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities at December 31, 2024 and 2023, were as follows (amounts in thousands): 2024 2023 Deferred tax assets: Net operating loss carryforwards $ 101,771 $ 104,166 Inventory 8,385 8,492 Warranty 6,347 6,496 Employee benefits and related costs 8,352 8,130 Prepaid royalties 1,006 1,576 Interest limitation 28,834 29,020 Lease liability 5,138 4,390 Intangible assets 4,732 1,592 Foreign Tax Credit 2,318 8,068 Other 7,401 7,255 Deferred tax assets 174,284 179,185 Deferred tax liabilities: Fixed assets (13,939) (11,577) Lease assets (5,181) (4,384) Pension (6,060) (3,740) Other (7,292) (4,150) Deferred tax liabilities (32,472) (23,851) Subtotal 141,812 155,334 Valuation allowance (106,496) (119,535) Net deferred tax liability $ 35,316 $ 35,799
Schedule of Unrecognized Tax Benefits Roll Forward	A reconciliation of the total amounts of unrecognized tax benefits at December 31 were as follows (amounts in thousands): 2024 2023 2022 Balance at January 1 $ 23 $ 30 $ 540 Increases to tax positions taken during the current year — — — Increases to tax positions taken during the prior years 3,341 — — Decreases to tax positions taken during prior years — — — Decreases due to lapse of statutes of limitations — (7) (506) Settlements (273) — — Foreign exchange (12) — (4) Balance at December 31 $ 3,079 $ 23 $ 30

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Schedule of Changes in Accumulated Postemployment Benefit Obligations	The following table provides the change in benefit obligation, change in plan assets, funded status, and amounts recognized in the consolidated balance sheet of the defined benefit pension plans as of December 31, 2024 and 2023 (amounts in thousands): Change in benefit obligation: 2024 2023 Benefit obligation at beginning of year $ 77,208 $ 79,379 Plan assumption changes (1,809) 1,391 Service cost 340 606 Interest cost 3,752 4,331 Actuarial gain (412) (632) Benefits paid (8,237) (7,588) Foreign currency translation (1,190) (279) Benefit obligation at end of year $ 69,652 $ 77,208 Change in plan assets: Fair value of plan assets at beginning of year $ 82,769 $ 75,025 Actual return on plan assets 9,733 14,558 Employer contributions 936 442 Benefits paid (7,214) (7,294) Foreign currency translation (201) 38 Fair value of plan assets at end of year $ 86,023 $ 82,769 Funded (unfunded) status at end of year $ 16,371 $ 5,561 Amounts recognized in Consolidated Balance Sheet: Noncurrent assets $ 28,352 $ 19,566 Current liabilities (1,227) (1,210) Noncurrent liabilities (10,754) (12,795) Net amount recognized in the Consolidated Balance Sheet $ 16,371 $ 5,561
Schedule of Accumulated and Projected Benefit Obligations	Information for pension plans with accumulated benefit obligations and projected benefit obligations in excess of plan assets were (amounts in thousands): 2024 2023 Pension Plans in which Accumulated Benefit Obligation Exceeds Plan Assets at December 31, Accumulated benefit obligation $ 11,778 $ 44,976 Fair value of plan assets $ 619 $ 31,903 Accumulated Benefit Obligation at December 31 $ 69,225 $ 76,746 Pension Plans in which Projected Benefit Obligation Exceeds Plan Assets at December 31, Projected benefit obligation $ 12,205 $ 45,439 Fair value of plan assets $ 619 $ 31,903 Projected Benefit Obligation at December 31 $ 69,652 $ 77,208
Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss	Amounts recognized in accumulated other comprehensive loss: 2024 2023 2022 Unrecognized prior service cost $ 445 $ 634 $ 643 Unrecognized net loss (3,779) (11,480) (21,091) Deferred tax effect of unrecognized items 6,630 8,518 11,181 Net amount recognized in accumulated other comprehensive loss $ 3,296 $ (2,328) $ (9,267)
Schedule of Defined Benefit Plan, Assumptions	The weighted-average assumptions used in the actuarial computation that derived the benefit obligations at December 31 were as follows: 2024 2023 2022 Discount rate 5.7 % 5.2 % 5.8 % Expected long-term return on plan assets 6.5 % 6.5 % 6.5 % The weighted-average assumptions used in the actuarial computation that derived net periodic pension cost for the years ended December 31, 2024, 2023, and 2022 were as follows: 2024 2023 2022 Discount rate 4.2 % 5.8 % 2.7 %
Schedule of Net Periodic Pension Cost (Benefit)	The following table provides the components of net periodic pension cost for the plans, settlement cost, and the assumptions used in the measurement of the Company’s benefit obligation for the years ended December 31, 2024, 2023, and 2022 (amounts in thousands): Components of net periodic benefit cost and other Net periodic benefit cost: 2024 2023 2022 Service cost $ 340 $ 606 $ 590 Interest cost 3,752 4,331 2,872 Assumed return on assets (5,198) (4,669) (6,071) Amortization of unrecognized prior service cost (58) (114) (85) Amortization of net unrecognized loss 279 1,004 1,426 Net periodic pension cost (benefit) $ (885) $ 1,158 $ (1,268)
Schedule of Allocation of Plan Assets	The allocation of the fair value of plan assets was as follows: Percentage of Plan Assets Target Asset Category 2024 2023 2024 U.S. equities (a) 60 % 57 % 40% - 80% Fixed income 20 % 21 % 20% - 50% Cash and cash equivalents 8 % 10 % 0% - 20% International equities (a) 12 % 12 % 0% - 16% 100 % 100 % (a) Total equities may not exceed 80% of total plan assets. The fair value of the plan assets by asset categories consisted of the following as of the dates set forth below (amounts in thousands): Fair Value Measurements as of December 31, 2024 Total Level 1 Level 2 Level 3 Money market funds $ 6,774 $ 6,774 $ — $ — Common stock 31,271 31,271 — — Bonds and securities 10,018 10,018 — — Mutual and insurance funds 37,960 37,101 859 — Totals $ 86,023 $ 85,164 $ 859 $ — Fair Value Measurements as of December 31, 2023 Total Level 1 Level 2 Level 3 Money market funds $ 8,186 $ 8,186 $ — $ — Common stock 27,658 27,658 — — Bonds and securities 10,302 10,302 — — Mutual and insurance funds 36,623 35,828 795 — Totals $ 82,769 $ 81,974 $ 795 $ —
Schedule of Expected Benefit Payments	Projected benefit payments from the plans as of December 31, 2024, are estimated as follows (amounts in thousands): 2025 $ 7,776 2026 7,034 2027 6,626 2028 6,779 2029 6,514 2030-2034 29,117

STOCK COMPENSATION (Tables)

STOCK COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	The following is a summary of activity in stock options during the year ended December 31, 2024: Shares Subject Weighted-Average Aggregate Intrinsic Value (in thousands) Exercise Price Remaining Contractual Life (in Years) Outstanding, December 31, 2023 348,200 $ 11.62 2.64 Granted — — Exercised — — Forfeited/Expired (59,000) 16.37 Outstanding, December 31, 2024 289,200 $ 10.65 2.09 $ — Exercisable, December 31, 2024 289,200 $ 10.65 2.09 $ —
Schedule of RSU and PSU Activity	A summary of RSU and PSU activity for the year ended December 31, 2024, is presented in the following table: RSU PSU (a) Total Shares Weighted-Average Grant Date Fair Value Unvested at December 31, 2023 973,646 328,948 1,302,594 $ 11.33 Granted 665,473 — 665,473 11.11 Vested (494,783) (328,948) (823,731) 11.08 Forfeited/Expired (2,000) — (2,000) 12.86 Unvested at December 31, 2024 1,142,336 — 1,142,336 $ 11.38 (a) The PSU awards are presented at maximum payout of 125% of the target amount and vested at December 31, 2024. The PSU award agreements indicate the shares will be issued within 15 calendar days from the filing date of the Company's Form 10-K for the year ended December 31, 2024.

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Schedule of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows (amounts in thousands): Balance Sheet Classification December 31, 2024 December 31, 2023 Operating lease ROU assets Operating lease assets $ 117,027 $ 11,955 Operating lease current liabilities Operating leases current liabilities $ 11,999 $ 5,021 Operating lease long-term liabilities Operating leases long-term liabilities 106,020 6,153 Total operating lease liabilities $ 118,019 $ 11,174 Finance lease, gross Property, plant & equipment, net $ 6,801 $ 5,175 Finance lease accumulated depreciation Property, plant & equipment, net (4,442) (3,489) Finance lease, net $ 2,359 $ 1,686 Finance lease current liabilities Other current liabilities $ 986 $ 1,093 Finance lease long-term liabilities Other long-term liabilities 1,483 1,321 Total finance lease liabilities $ 2,469 $ 2,414
Schedule of Maturities of Operating Lease Liabilities	At December 31, 2024, maturity of lease liabilities were as follows (amounts in thousands): Operating Leases Finance Leases 2025 $ 19,460 $ 1,138 2026 18,112 884 2027 15,121 457 2028 13,401 236 2029 12,508 16 Thereafter 115,688 — Total future minimum lease payments $ 194,290 $ 2,731 Less imputed interest 76,271 262 $ 118,019 $ 2,469 Weighted average remaining lease term (in years) 13.50 2.67 Weighted average discount rate 7.27 % 7.27 %
Schedule of Maturities of Finance Lease Liabilities	At December 31, 2024, maturity of lease liabilities were as follows (amounts in thousands): Operating Leases Finance Leases 2025 $ 19,460 $ 1,138 2026 18,112 884 2027 15,121 457 2028 13,401 236 2029 12,508 16 Thereafter 115,688 — Total future minimum lease payments $ 194,290 $ 2,731 Less imputed interest 76,271 262 $ 118,019 $ 2,469 Weighted average remaining lease term (in years) 13.50 2.67 Weighted average discount rate 7.27 % 7.27 %

PURCHASE OBLIGATIONS (Tables)

PURCHASE OBLIGATIONS (Tables)	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Purchase Obligations	At December 31, 2024, the Company's expected cash outflow resulting from non-cancellable purchase obligations are summarized by year in the table below (amounts in thousands): 2025 $ 28,876 2026 3,287 2027 479 Total non-cancellable purchase obligations $ 32,642

SEGMENT AND GEOGRAPHICAL INFO_2

SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The table below presents information about certain operating results, separated by market segments, for the years ended December 31, 2024, 2023, and 2022 (amounts in thousands): For the Year Ended December 31, 2024 Agriculture Earthmoving/Construction Consumer Corporate & Unallocated Total Net sales $ 788,580 $ 583,391 $ 473,966 $ — $ 1,845,937 Cost of sales 684,592 520,567 382,976 — 1,588,135 Gross profit 103,988 62,824 90,990 — 257,802 Selling, general and administrative expenses 52,910 47,741 64,900 26,243 191,794 Acquisition related expenses — — — 6,196 6,196 Research and development expenses 4,994 6,503 3,380 1,643 16,520 Royalty expense 6,304 1,571 2,233 — 10,108 Segment profit (loss) $ 39,780 $ 7,009 $ 20,477 $ (34,082) $ 33,184 Interest expense (36,429) (36,429) Interest income 11,024 11,024 Foreign exchange loss (6,123) (6,123) Other income 6,615 6,615 (Loss) income before income taxes $ (58,995) $ 8,271 For the Year Ended December 31, 2023 Agriculture Earthmoving/Construction Consumer Corporate & Unallocated Total Net sales $ 980,537 $ 687,758 $ 153,505 $ — $ 1,821,800 Cost of sales 817,511 577,068 121,372 — 1,515,951 Gross profit 163,026 110,690 32,133 — 305,849 Selling, general and administrative expenses 51,666 47,712 7,684 27,876 134,938 Research and development expenses 4,107 6,480 411 1,541 12,539 Royalty expense 6,611 1,376 1,658 — 9,645 Segment profit (loss) $ 100,642 $ 55,122 $ 22,380 $ (29,417) $ 148,727 Interest expense (29,157) (29,157) Interest income 10,372 10,372 Foreign exchange loss (22,822) (22,822) Other income 2,628 2,628 (Loss) income before income taxes $ (68,396) $ 109,748 For the Year Ended December 31, 2022 Agriculture Earthmoving/Construction Consumer Corporate & Unallocated Total Net sales $ 1,192,239 $ 807,356 $ 169,785 $ — $ 2,169,380 Cost of sales 998,654 671,568 138,448 — 1,808,670 Gross profit 193,585 135,788 31,337 — 360,710 Selling, general and administrative expenses 51,582 48,735 6,218 26,257 132,792 Research and development expenses 3,317 5,735 284 1,068 10,404 Royalty expense 8,212 1,508 1,992 — 11,712 Segment profit (loss) $ 130,474 $ 79,810 $ 22,843 $ (27,325) $ 205,802 Interest expense (32,149) (32,149) Interest income 2,353 2,353 Foreign exchange gain 927 927 Other income 25,420 25,420 (Loss) income before income taxes $ (30,774) $ 202,353
Schedule of Reconciliation of Revenue from Segments to Consolidated	The table below presents information by products and reportable segments as of and for the years ended December 31, 2024, 2023, and 2022 (amounts in thousands): 2024 Agricultural Segment Earthmoving/Construction Segment Consumer Segment Total Revenues from external customers Wheels and Tires [including assemblies] $ 746,994 $ 213,994 $ 448,005 $ 1,408,993 Undercarriage systems and components 41,586 369,397 25,961 436,944 Total $ 788,580 $ 583,391 $ 473,966 $ 1,845,937 2023 Agricultural Segment Earthmoving/Construction Segment Consumer Segment Total Revenues from external customers Wheels and Tires [including assemblies] $ 935,274 $ 258,709 $ 130,297 $ 1,324,280 Undercarriage systems and components 45,263 429,049 23,208 497,520 Total $ 980,537 $ 687,758 $ 153,505 $ 1,821,800 2022 Agricultural Segment Earthmoving/Construction Segment Consumer Segment Total Revenues from external customers Wheels and Tires [including assemblies] $ 1,152,933 $ 329,403 $ 147,307 $ 1,629,643 Undercarriage systems and components 39,306 477,953 22,478 539,737 Total $ 1,192,239 $ 807,356 $ 169,785 $ 2,169,380
Schedule of Reconciliation of Other Items from Segments to Consolidated	Depreciation and amortization expense by segment were as follows for the fiscal years ended as set forth below (amounts in thousands): Agriculture Earthmoving/Construction Consumer Corporate & Unallocated Total 2024 $ 24,850 18,433 15,585 1,836 $ 60,704 2023 $ 21,405 15,185 3,404 2,440 $ 42,434 2022 $ 22,645 15,337 3,226 1,539 $ 42,747
Schedule of Reconciliation of Assets from Segment to Consolidated	Assets by segment were as follows as of the dates set forth below (amounts in thousands): Agriculture Earthmoving/Construction Consumer Corporate & Unallocated (a) Total December 31, 2024 $ 569,632 441,551 512,254 61,516 $ 1,584,953 December 31, 2023 $ 559,607 497,508 155,602 76,528 $ 1,289,245 (a) Unallocated assets included cash of approximately $7 million, $32 million, and $20 million as of December 31, 2024, 2023, and 2022, respectively .
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area	The table below presents information by geographic area. Revenues from external customers were determined based on the location of the selling subsidiary. Geographic information as of and for the years ended December 31, 2024, 2023, and 2022 was as follows (amounts in thousands): 2024 2023 2022 Net Sales United States $ 935,724 $ 814,676 $ 1,074,715 Europe / CIS 462,066 558,677 577,877 Latin America 292,830 354,979 422,439 Asia and other regions 155,317 93,468 94,349 $ 1,845,937 $ 1,821,800 $ 2,169,380 Long-Lived Assets United States $ 184,686 $ 107,639 $ 97,112 Europe / CIS 132,349 142,749 138,617 Latin America 53,653 61,169 49,714 Asia and other regions 50,530 10,137 11,162 $ 421,218 $ 321,694 $ 296,605

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Earnings per share for 2024, 2023, and 2022 were as follows (amounts in thousands, except per share data): 2024 2023 2022 Net (loss) income applicable to common shareholders $ (5,560) $ 78,760 $ 176,302 Determination of shares: Weighted average shares outstanding (basic) 68,662 62,452 63,040 Effect of restricted stock and stock options — 509 651 Weighted average shares outstanding (diluted) 68,662 62,961 63,691 (Loss) earnings per share: Basic $ (0.08) $ 1.26 $ 2.80 Diluted $ (0.08) $ 1.25 $ 2.77

DESCRIPTION OF BUSINESS AND S_4

DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Thousands				1 Months Ended		12 Months Ended
	Dec. 16, 2022 USD ($)	Mar. 29, 2022 USD ($)	Dec. 17, 2021 shares	Mar. 31, 2022	Jul. 31, 2018	Dec. 31, 2024 USD ($) Rate shares	Dec. 31, 2023 USD ($) Rate shares	Dec. 31, 2022 USD ($)	Apr. 22, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash in foreign bank accounts						$ 185,300	$ 186,100
Investments in marketable equity securities						$ 5,300	30,800
Debt instrument interest rate stated percentage (in percent)						6.20%
Aggregate principal amount						$ 568,292
Fair value of the senior secured notes						390,000	401,400
Carrying value of equity method investments						$ 7,900	$ 7,100
Consolidated assets (in percent)						5%	7%
Consolidated sales (in percent)						5%	6%	6%
Gross proceeds and cash repatriated		$ 17,500
Net monetary loss						$ 3,200	$ 15,500
Research and development expenses						16,520	12,539	$ 10,404
Advertising costs						$ 4,800	$ 3,300	3,000
Stock repurchase program, authorized amount	$ 50,000
Stock repurchased (in shares) | shares			4,032,259			1,964,593	2,653,786
Stock repurchase amount						$ 16,382	$ 32,579	$ 25,000
Stock repurchase program, remaining authorized repurchase amount						$ 1,000
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration]						Accounts payable to the non-consolidated VIEs	Accounts payable to the non-consolidated VIEs
Supplier finance program obligation						$ 13,200	$ 7,400
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stock repurchase program, period in force (in years)	3 years
TÜRKIYE
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative period for rate of inflation (in years)				3 years
Percentage of inflation (in percent)				1
ARGENTINA
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative period for rate of inflation (in years)					3 years
Percentage of inflation (in percent)					1
Voltyre-Prom
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Ownership percentage by parent (in percent)						64.30%
7.0% Senior Secured Notes Due 2028
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt instrument interest rate stated percentage (in percent)						7%	7%		7%
Aggregate principal amount						$ 397,153	$ 396,277
Deere & Company | Revenue Benchmark | Customer Concentration Risk
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Concentration risk, customer (in percent)						11%	13%	15%

DESCRIPTION OF BUSINESS AND S_5

DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES - Property, Plant and Equipment (Details)	Dec. 31, 2024
Minimum | Building and improvements
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	25 years
Minimum | Machinery and equipment
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	7 years
Minimum | Tools, dies, and molds
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	2 years
Maximum | Building and improvements
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	40 years
Maximum | Machinery and equipment
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	20 years
Maximum | Tools, dies, and molds
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	9 years

BUSINESS COMBINATION - Narrativ

BUSINESS COMBINATION - Narrative (Details) $ in Thousands		12 Months Ended
	Feb. 29, 2024 country facility	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Acquisition related expenses		$ 6,196	$ 0	$ 0
The Carlstar Group, LLC
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Number of facilities | facility	17
Number of countries facilities are located | country	4
The Carlstar Group, LLC
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Percentage of equity interests (in percent)	100%
Gain related to sale-leaseback transaction		56,200
Acquisition related expenses		$ 6,200

BUSINESS COMBINATION - Working

BUSINESS COMBINATION - Working Capital Adjustment (Details) - USD ($) $ in Thousands		12 Months Ended
	Feb. 29, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Base cash consideration, net of cash acquired of $10,288		$ 143,643	$ 0	$ 0
The Carlstar Group, LLC
Business Acquisition [Line Items]
Titan International, Inc. common stock	$ 168,693
Base cash consideration, net of cash acquired of $10,288	127,500
Business combination, price of acquisition, expected	296,193
Additional cash consideration for excess net working capital acquired	19,759
Other debt-like items	(3,616)
Total purchase consideration, net of cash acquired	312,336
Cash acquired from acquisition	$ 10,288

BUSINESS COMBINATION - Assets a

BUSINESS COMBINATION - Assets and Liabilities of Purchase Price Consideration (Details) - USD ($) $ in Thousands		10 Months Ended
	Feb. 29, 2024	Dec. 31, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Goodwill		$ 29,563	$ 0
The Carlstar Group, LLC
Business Acquisition [Line Items]
Accounts receivable	$ 92,043
Inventories	150,900
Prepaid and other current assets	13,339
Property, plant, and equipment	115,090
Other long-term assets	111,864
Goodwill	29,563
Intangible assets	11,500
Fair value of assets acquired	524,299
Accounts payable	66,055
Other current liabilities	28,377
Operating leases	108,249
Deferred tax liabilities	7,773
Other long-term liabilities	1,509
Fair value of liabilities assumed	211,963
Purchase Price	312,336
Measurement Period Changes
Accounts receivable		(6,396)
Inventories		4,912
Property, plant, and equipment		(13,072)
Other long-term assets		15,661
Goodwill		16,696
Intangible assets		(4,270)
Fair value of assets acquired		13,531
Other current liabilities		2,000
Operating leases		12,773
Deferred tax liabilities		(2,678)
Other long-term liabilities		0
Fair value of liabilities assumed		12,095
Purchase Price		$ 1,436
The Carlstar Group, LLC | Previously Reported
Business Acquisition [Line Items]
Accounts receivable	98,439
Inventories	145,988
Prepaid and other current assets	13,339
Property, plant, and equipment	128,162
Other long-term assets	96,203
Goodwill	12,867
Intangible assets	15,770
Fair value of assets acquired	510,768
Accounts payable	66,055
Other current liabilities	26,377
Operating leases	95,476
Deferred tax liabilities	10,451
Other long-term liabilities	1,509
Fair value of liabilities assumed	199,868
Purchase Price	$ 310,900

BUSINESS COMBINATION - Goodwill

BUSINESS COMBINATION - Goodwill by Reportable Segment (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Business Combination Segment Allocation [Line Items]
Goodwill	$ 29,563	$ 0
Operating Segments
Business Combination Segment Allocation [Line Items]
Goodwill	29,563
Operating Segments | Agricultural
Business Combination Segment Allocation [Line Items]
Goodwill	4,844
Operating Segments | Earthmoving/construction
Business Combination Segment Allocation [Line Items]
Goodwill	0
Operating Segments | Consumer
Business Combination Segment Allocation [Line Items]
Goodwill	$ 24,719

BUSINESS COMBINATION - Carrying

BUSINESS COMBINATION - Carrying Amounts and Weighted Average Lives of the Acquired Intangible Assets (Details) - The Carlstar Group, LLC $ in Thousands	Feb. 29, 2024 USD ($)
Business Acquisition [Line Items]
Carrying Value	$ 11,500
Weighted Average Amortization (in Years)	11 years 3 months 18 days
Customer lists/relationships
Business Acquisition [Line Items]
Carrying Value	$ 6,000
Weighted Average Amortization (in Years)	10 years
Trade names
Business Acquisition [Line Items]
Carrying Value	$ 5,500
Weighted Average Amortization (in Years)	12 years 6 months

BUSINESS COMBINATION - Actual R

BUSINESS COMBINATION - Actual Revenue and Net Income (Details) - The Carlstar Group, LLC $ in Thousands	10 Months Ended
	Dec. 31, 2024 USD ($)
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Carlstar revenue	$ 418,888
Carlstar income before taxes	$ 19,587

BUSINESS COMBINATION - Proforma

BUSINESS COMBINATION - Proforma Financial Information (Details) - The Carlstar Group, LLC - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma revenues	$ 1,947,755	$ 2,436,992
Pro forma net income	$ 20,011	$ 83,844
Net income per common share, basic (in dollars per share)	$ 0.28	$ 1.13
Net income per common share, diluted (in dollars per share)	$ 0.28	$ 1.12

ACCOUNTS RECEIVABLE, NET - Acco

ACCOUNTS RECEIVABLE, NET - Accounts Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Accounts receivable	$ 214,952	$ 224,485	$ 272,928
Allowance for credit losses	(3,232)	(5,340)	(6,170)	$ (4,550)
Accounts receivable, net	$ 211,720	$ 219,145	$ 266,758

ACCOUNTS RECEIVABLE, NET - Allo

ACCOUNTS RECEIVABLE, NET - Allowance for Credit Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at January 1,	$ 5,340	$ 6,170	$ 4,550
Provision charged to expense	191	50	2,043
Recoveries of accounts receivable	(1,098)	(138)	(26)
Other, including foreign currency translation	(1,201)	(742)	(397)
Balance at December 31,	$ 3,232	$ 5,340	$ 6,170

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw material	$ 103,616	$ 108,504
Work-in-process	41,898	39,921
Finished goods	291,678	216,731
Total inventory	$ 437,192	$ 365,156

PREPAID AND OTHER CURRENT ASS_3

PREPAID AND OTHER CURRENT ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Prepaid Expense and Other Assets, Current [Abstract]
Value added tax and duty receivable, including tax credits	$ 8,346	$ 15,255
Factory supplies	25,777	24,472
Prepaid expense	20,154	20,783
Prepaid taxes	2,160	2,144
Deposits	2,730	1,338
Contract receivable	1,734	1,213
Other	6,250	7,024
Prepaid and other current assets	$ 67,151	$ 72,229

PROPERTY, PLANT, AND EQUIPMEN_3

PROPERTY, PLANT, AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,172,255	$ 1,060,428
Less accumulated depreciation	(751,037)	(738,734)
Property, plant and equipment, net	421,218	321,694
Depreciation	55,700	41,000	$ 41,500
Land and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	42,534	42,140
Building and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	260,256	243,241
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	703,899	628,975
Tools, dies, and molds
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	118,569	116,328
Construction-in-process
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 46,997	$ 29,744

INTANGIBLE ASSETS, NET - Compon

INTANGIBLE ASSETS, NET - Components of Intangible Assets, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 15,023	$ 3,384
Accumulated Amortization	(3,038)	(1,953)
Intangible assets, net	$ 11,985	$ 1,431
Customer lists/relationships
Finite-Lived Intangible Assets [Line Items]
Weighted- Average Useful Lives (in Years)	12 years 6 months
Gross Carrying Amount	$ 6,000
Accumulated Amortization	(400)
Intangible assets, net	$ 5,600
Trade names
Finite-Lived Intangible Assets [Line Items]
Weighted- Average Useful Lives (in Years)	10 years
Gross Carrying Amount	$ 5,500
Accumulated Amortization	(458)
Intangible assets, net	$ 5,042
Other intangibles
Finite-Lived Intangible Assets [Line Items]
Weighted- Average Useful Lives (in Years)	15 years 6 months 7 days	15 years 6 months 7 days
Gross Carrying Amount	$ 3,523	$ 3,384
Accumulated Amortization	(2,180)	(1,953)
Intangible assets, net	$ 1,343	$ 1,431

INTANGIBLE ASSETS, NET - Narrat

INTANGIBLE ASSETS, NET - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 1.5	$ 0.6	$ 0.4

INTANGIBLE ASSETS, NET - Estima

INTANGIBLE ASSETS, NET - Estimated Aggregate Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2025	$ 1,267
2026	1,267
2027	1,195
2028	1,153
2029	1,153
Thereafter	5,950
Intangible assets, net	$ 11,985	$ 1,431

OTHER LONG-TERM ASSETS (Details

OTHER LONG-TERM ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Other Assets, Noncurrent [Abstract]
Net pension asset	$ 28,352	$ 19,566
Prepaid software	3,454	5,879
Investments in nonconsolidated affiliates	7,900	7,100
Manufacturing spares	2,087	2,089
Deferred financing costs	2,646	195
Other	6,933	4,495
Total other long-term assets	51,391	39,351
Equity Method Investments
Other Assets, Noncurrent [Abstract]
Investments in nonconsolidated affiliates	$ 7,919	$ 7,127

OTHER CURRENT LIABILITIES (Deta

OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Thousands		1 Months Ended	12 Months Ended
	Aug. 31, 2014	Aug. 31, 2014	Dec. 31, 2024	Dec. 31, 2022	Dec. 31, 2023
Other Liabilities, Current [Abstract]
Compensation and benefits			$ 47,735		$ 47,543
Warranty			12,571		11,848
Accrued insurance benefits			20,218		19,162
Customer rebates and deposits			15,004		15,490
Accrued other taxes			12,142		13,762
Accrued interest			5,646		4,955
Foreign government grant			3,672		4,509
Other			26,306		22,109
Other current liabilities			$ 143,294		$ 139,378
Capital grant from the Italian government	$ 17,000	$ 17,000		$ 1,900
Government Assistance, Income, Increase (Decrease), Statement of Income or Comprehensive Income [Extensible Enumeration]			Other current liabilities

DEBT - Long-Term Debt Instrumen

DEBT - Long-Term Debt Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Apr. 22, 2021
Debt Instrument [Line Items]
Revolving credit facility	$ 146,000
Less amounts due within one year	12,479	$ 16,913
Debt instrument, unamortized discount	(2,847)	(3,723)
Debt instrument, unamortized discount, current	0	0
Debt instrument, unamortized discount (premium), net	(2,847)	(3,723)
Long-term debt	568,292
Total debt	565,445	426,091
Total long-term debt	$ 552,966	409,178
Debt instrument interest rate stated percentage (in percent)	6.20%
Long-Term Debt
Debt Instrument [Line Items]
Total debt	$ 568,292	429,814
Total long-term debt	555,813	412,901
7.0% Senior Secured Notes Due 2028
Debt Instrument [Line Items]
7.00% senior secured notes due 2028	400,000	400,000	$ 400,000
Debt instrument, unamortized discount	(2,847)	(3,723)
Long-term debt	$ 397,153	$ 396,277
Debt instrument interest rate stated percentage (in percent)	7%	7%	7%
Line of Credit
Debt Instrument [Line Items]
Revolving credit facility	$ 146,000
Debt instrument, unamortized discount	0
Titan Europe Credit Facilities
Debt Instrument [Line Items]
Titan Europe credit facilities	15,199	$ 22,568
Debt instrument, unamortized discount, noncurrent	0	0
Other Debt
Debt Instrument [Line Items]
Other debt	7,093	7,246
Debt instrument, unamortized discount, noncurrent	$ 0	$ 0

DEBT - Narrative (Details)

DEBT - Narrative (Details) $ in Thousands		12 Months Ended
	Feb. 29, 2024 USD ($)	Dec. 31, 2024 USD ($) Rate	Feb. 28, 2024 USD ($)	Dec. 31, 2023 USD ($) Rate	Apr. 22, 2021 USD ($)
Debt Instrument [Line Items]
Weighted-average interest rates on short-term borrowings (in percent)		4.10%		3.10%
Debt instrument interest rate stated percentage (in percent)		6.20%
Debt instrument, interest rate, effective percentage (in percent)		7.27%			7.27%
Line of credit facility	$ 225,000	$ 177,100
Bridge loan	20,000
Letters of credit	$ 50,000
Debt instrument term (in years)	5 years
Line of credit facility maximum expansion	$ 50,000
Outstanding letters of credit		9,900
Revolving credit facility		146,000
Remaining availability under the credit facility		21,200
BMO Harris Bank N.A.
Debt Instrument [Line Items]
Line of credit facility			$ 125,000
Line of credit facility maximum expansion			$ 50,000
7.0% Senior Secured Notes Due 2028
Debt Instrument [Line Items]
Aggregate principal amount		$ 400,000		$ 400,000	$ 400,000
Debt instrument interest rate stated percentage (in percent)		7%		7%	7%
Line of credit facility	$ 225,000
Debt instrument term (in years)	91 days
Titan Europe Credit Facilities
Debt Instrument [Line Items]
Other borrowings		$ 15,199		$ 22,568
Titan Europe Credit Facilities | Minimum
Debt Instrument [Line Items]
Debt instrument interest rate stated percentage (in percent)		0.50%
Debt instrument term (in years)		1 year
Titan Europe Credit Facilities | Maximum
Debt Instrument [Line Items]
Debt instrument interest rate stated percentage (in percent)		6.50%
Debt instrument term (in years)		5 years
Other Debt
Debt Instrument [Line Items]
Other debt		$ 7,093		$ 7,246
Other Debt | Minimum
Debt Instrument [Line Items]
Debt instrument interest rate stated percentage (in percent)		6.90%		5%
Debt instrument term (in years)		1 year
Other Debt | Maximum
Debt Instrument [Line Items]
Debt instrument interest rate stated percentage (in percent)		7.60%		6.50%
Debt instrument term (in years)		2 years
Titan Brazil
Debt Instrument [Line Items]
Other debt		$ 7,100		$ 7,200
Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Remaining availability under the credit facility	$ 17,000
Credit Agreement | Minimum
Debt Instrument [Line Items]
Minimum fixed charge coverage ratio	1
Credit Agreement | Maximum
Debt Instrument [Line Items]
Credit facility’s line cap (in percent)	10%

DEBT - Maturities of Long-Term

DEBT - Maturities of Long-Term Debt (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Debt Disclosure [Abstract]
2025	$ 12,488
2026	5,052
2027	1,734
2028	546,521
2029	588
Thereafter	1,909
Long-term debt	$ 568,292

OTHER LONG-TERM LIABILITIES (De

OTHER LONG-TERM LIABILITIES (Details) - USD ($) $ in Thousands		1 Months Ended	12 Months Ended
	Aug. 31, 2014	Aug. 31, 2014	Dec. 31, 2022	Dec. 31, 2024	Dec. 31, 2023
Other Liabilities, Noncurrent [Abstract]
Accrued pension liabilities				$ 10,146	$ 12,795
Foreign government grant				11,298	12,383
Warranty				9,821	9,862
Income tax liabilities				1,215	35
Other				6,057	6,677
Other long-term liabilities				$ 38,537	$ 41,752
Capital grant from the Italian government	$ 17,000	$ 17,000	$ 1,900

WARRANTY - Product Warranty Lia

WARRANTY - Product Warranty Liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Warranty liability, January 1	$ 21,710	$ 19,914
Provision for warranty liabilities	12,766	14,478
Warranty payments made	(13,868)	(12,682)
Other adjustments, including acquisition of Carlstar	1,784	0
Warranty liability, December 31	$ 22,392	$ 21,710

WARRANTY - Narrative (Details)

WARRANTY - Narrative (Details)	Dec. 31, 2024
Minimum
Product Warranty Liability [Line Items]
Warranty term (in years)	1 year
Maximum
Product Warranty Liability [Line Items]
Warranty term (in years)	10 years

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative (loss) gain	$ (235)	$ (484)	$ 1,263

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Currency Translation Adjustments	$ (289,678)	$ (217,455)	$ (243,712)
Currency translation adjustments	(72,223)	26,257
Gain (Loss) on Derivatives	505	740	1,224
Derivative loss	(235)	(484)	1,263
Unrecognized Losses and Prior Service Cost	3,296	(2,328)	(9,267)
Defined benefit pension plan adjustments, net of tax	5,624	6,939
Accumulated other comprehensive loss	(285,877)	(219,043)	(251,755)
Defined benefit pension plan adjustments, tax	$ (1,888)	$ (2,663)	$ (383)

STOCKHOLDERS_ EQUITY (Details)

STOCKHOLDERS’ EQUITY (Details) - USD ($) $ / shares in Units, $ in Thousands					2 Months Ended	12 Months Ended
	Oct. 18, 2024	Dec. 16, 2022	Feb. 01, 2022	Dec. 17, 2021	Feb. 12, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Noncontrolling Interest [Line Items]
Stock repurchase program, authorized amount		$ 50,000
Stock repurchased (in shares)				4,032,259		1,964,593	2,653,786
Stock repurchase amount						$ 16,382	$ 32,579	$ 25,000
Stock repurchase program, remaining authorized repurchase amount						$ 1,000
Treasury stock (in shares)						15,307,600	5,809,414
Common stock, par value (in dollars per share)						$ 0.0001	$ 0.0001
Payments for repurchase of redeemable noncontrolling interest			$ 25,000		$ 25,000
Stock Repurchase Agreement
Noncontrolling Interest [Line Items]
Stock repurchase amount	$ 57,600
Treasury stock (in shares)	8,005,000
Common stock, par value (in dollars per share)	$ 0.0001
Share price (in dollars per share)	$ 7.20
RDIF
Noncontrolling Interest [Line Items]
Ownership percentage by parent (in percent)						64.30%
Ownership percentage by RDIF (in percent)						35.70%
Maximum
Noncontrolling Interest [Line Items]
Stock repurchase program, period in force (in years)		3 years

VARIABLE INTEREST ENTITIES - Na

VARIABLE INTEREST ENTITIES - Narrative (Details)	9 Months Ended
	Sep. 30, 2024 jointVenture
Variable Interest Entity, Measure of Activity [Abstract]
Number of joint ventures	1

VARIABLE INTEREST ENTITIES - Va

VARIABLE INTEREST ENTITIES - Variable Interest Entities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
Cash and cash equivalents	$ 195,974	$ 220,251
Inventory	437,192	365,156
Other current assets	6,250	7,024
Property, plant, and equipment, net	421,218	321,694
Total assets	1,584,953	1,289,245
Current liabilities	387,358	362,513
Total liabilities	1,091,297	821,830
Consolidated VIEs
Variable Interest Entity [Line Items]
Cash and cash equivalents	0	355
Inventory	0	1,431
Other current assets	0	2,364
Property, plant, and equipment, net	0	2,477
Other non-current assets	0	222
Total assets	0	6,849
Current liabilities	0	1,117
Other long-term liabilities	0	869
Total liabilities	$ 0	$ 1,986

VARIABLE INTEREST ENTITIES - No

VARIABLE INTEREST ENTITIES - Non Consolidated Variable Interest Entities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
Total assets	$ 1,584,953	$ 1,289,245
Accounts payable to the non-consolidated VIEs	219,586	201,201
Non-Consolidated VIEs
Variable Interest Entity [Line Items]
Investments	7,919	7,127
Total assets	7,919	7,127
Accounts payable to the non-consolidated VIEs	2,646	3,578
Maximum exposure to loss	$ 10,565	$ 10,705

ROYALTY EXPENSE (Details)

ROYALTY EXPENSE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other Income and Expenses [Abstract]
Royalty expense	$ 10,108	$ 9,645	$ 11,712

OTHER INCOME (Details)

OTHER INCOME (Details) - USD ($) $ in Thousands		1 Months Ended		3 Months Ended	12 Months Ended
	Aug. 31, 2014	Sep. 30, 2024	Aug. 31, 2014	Sep. 30, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other Income and Expenses [Abstract]
Gain on property insurance settlement					$ 2,433	$ 0	$ 0
Pension plan income					1,619	138	2,040
Equity investment income					1,020	1,158	859
Gain on sale of assets					806	246	216
Income on indirect taxes					0	475	32,043
Loss on sale of Australia wheel business					0	0	(10,890)
Proceeds from government grant					0	319	1,324
Loss on sale of investment					(379)	0	0
Other income					1,116	292
Other expense							(172)
Total nonoperating income (expense)					6,615	$ 2,628	25,420
Insurance proceeds				$ 500	$ 3,500
Cumulative translation adjustment							10,000
Closing costs							900
Government grant	$ 17,000		$ 17,000				$ 1,900
Loss on sale of investments		$ (400)
Sale agreement includes a commitment to purchase		$ 1,700
Purchase commitment period (in years)		2 years

INCOME TAXES - Income (Loss) be

INCOME TAXES - Income (Loss) before Income Tax, Domestic and Foreign (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Domestic	$ (32,410)	$ 20,809	$ 73,361
Foreign	40,681	88,939	128,992
(Loss) income before income taxes	$ 8,271	$ 109,748	$ 202,353

INCOME TAXES - Components of In

INCOME TAXES - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Current
Federal	$ 372	$ (217)	$ (55)
State	(442)	1,341	1,897
Foreign	18,289	26,999	44,710
Current income tax expense (benefit)	18,219	28,123	46,552
Deferred
Federal	(1,290)	(2,513)	(14,953)
State	(1,896)	1,186	(10,959)
Foreign	(3,172)	(754)	2,527
Deferred income tax expense (benefit)	(6,358)	(2,081)	(23,385)
Income tax provision	$ 11,861	$ 26,042	$ 23,167

INCOME TAXES - Effective Income

INCOME TAXES - Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Statutory U.S. federal tax rate	21%	21%	21%
Unrecognized tax positions	7.30%	0%	(0.30%)
Foreign tax rate and income differential	128.40%	9.60%	11.70%
Valuation allowance	(100.30%)	(3.50%)	(23.40%)
State taxes, net	(18.00%)	1.20%	2%
Nondeductible royalty	0%	0.80%	0.50%
Federal Benefit of Notice 2023-55	0%	(5.20%)	0%
Expired tax credits	69.50%	0%	0%
Equity based compensation	1.10%	0%	(0.30%)
Return to provision	0.254	0.002	0.001
Transaction Costs	0.095	0	0
Other, net	(0.50%)	(0.40%)	0.10%
Effective tax rate	143.40%	23.70%	11.40%

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Contingency [Line Items]
Effective tax rate (in percent)	143.40%	23.70%	11.40%
Foreign income tax rate	$ 10,600,000
Valuation allowance	8,300,000
State income taxes	1,500,000
Federal benefit			$ 5,700,000
Deferred tax assets, valuation allowance	106,496,000	$ 119,535,000
Net operating loss carryforwards	101,771,000	104,166,000
Net tax loss carryforwards expiring between 2023 and 2028	2,800,000
Net tax loss carryforwards expiring after 2028	99,000,000
Net change in the valuation allowance	(13,000,000)	(1,500,000)
Gross federal net operating loss carryforward	65,600,000
Gross state net operating losses	324,900,000
Gross foreign loss carryforwards	291,700,000
Unrecognized tax benefits, gross	1,200,000	0	0
Unrecognized tax benefits would have affected income tax expense	1,200,000
Decrease unrecognized tax benefits	0
Unrecognized tax benefits, income tax penalties and interest expense	0	0	0
Unrecognized tax benefits, income tax penalties and interest accrued	0	0	0
Brazil income tax adjustment	$ 0	475,000	32,043,000
Brazil income tax provision/expense		2,600,000	16,100,000
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount		$ 600,000
BRAZIL
Income Tax Contingency [Line Items]
Brazil income tax provision/expense			9,400,000
UNITED STATES
Income Tax Contingency [Line Items]
Brazil income tax provision/expense			$ 6,700,000

INCOME TAXES - Deferred Tax Ass

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets:
Net operating loss carryforwards	$ 101,771	$ 104,166
Inventory	8,385	8,492
Warranty	6,347	6,496
Employee benefits and related costs	8,352	8,130
Prepaid royalties	1,006	1,576
Interest limitation	28,834	29,020
Lease liability	5,138	4,390
Intangible assets	4,732	1,592
Foreign Tax Credit	2,318	8,068
Other	7,401	7,255
Deferred tax assets	174,284	179,185
Deferred tax liabilities:
Fixed assets	(13,939)	(11,577)
Lease assets	(5,181)	(4,384)
Pension	(6,060)	(3,740)
Other	(7,292)	(4,150)
Deferred tax liabilities	(32,472)	(23,851)
Subtotal	141,812	155,334
Valuation allowance	(106,496)	(119,535)
Net deferred tax liability	$ 35,316	$ 35,799

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefits Roll Forward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Unrecognized Tax Benefits [Roll Forward]
Balance at January 1	$ 23	$ 30	$ 540
Increases to tax positions taken during the current year	0	0	0
Increases to tax positions taken during the prior years	3,341	0	0
Decreases to tax positions taken during prior years	0	0	0
Decreases due to lapse of statutes of limitations	0	(7)	(506)
Settlements	(273)	0	0
Foreign exchange	(12)	0	(4)
Balance at December 31	$ 3,079	$ 23	$ 30

EMPLOYEE BENEFIT PLANS - Narrat

EMPLOYEE BENEFIT PLANS - Narrative (Details) $ in Thousands	10 Months Ended	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2024 USD ($) plan shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares
Defined Benefit Plan Disclosure [Line Items]
Number of frozen plans | plan		3
Number of subsidiaries with frozen plans | plan		3
Fair value of the plan assets	$ 86,023	$ 86,023	$ 82,769
Percentage of plan assets (in percent)	100%	100%	100%
Expected return on plan assets (in percent)		7%
Long-term historical returns for equities (in percent)		8.50%
Fixed income securities (in percent)		4%
UNITED STATES
Defined Benefit Plan Disclosure [Line Items]
Number of retirement savings plans | plan		3
UNITED STATES | U.S. Plan Number One
Defined Benefit Plan Disclosure [Line Items]
Matching contribution (in percent)		50%
UNITED STATES | Employees Not Covered By Collective Bargaining
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution (in percent)		6%
Stock issued during period (in shares) | shares		206,050	144,439	124,645
Defined contribution plan		$ 1,700	$ 1,800	$ 1,700
UNITED STATES | Carlstar Employees Plan
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan	$ 1,500
UNITED STATES | Carlstar Employees Plan | Defined Benefit Plan, Tranche One
Defined Benefit Plan Disclosure [Line Items]
Matching contribution (in percent)		100%
Employer matching contribution (in percent)		3%
UNITED STATES | Carlstar Employees Plan | Defined Benefit Plan, Tranche Two
Defined Benefit Plan Disclosure [Line Items]
Matching contribution (in percent)		50%
Employer matching contribution (in percent)		2%
UNITED STATES | U.S. Plan Number Three
Defined Benefit Plan Disclosure [Line Items]
Matching contribution (in percent)		0%
Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan		$ 3,500	3,700	$ 4,100
Defined Benefit Plan, Equity Securities, Common Stock, Employer, Related Party
Defined Benefit Plan Disclosure [Line Items]
U.S. equities asset category included the common stock	$ 600	$ 600	$ 1,900
Parent Common Stock
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets (in percent)	1%	1%	2%
Titan Tire, Bryan and Walcott Plans
Defined Benefit Plan Disclosure [Line Items]
Pension benefit obligation	$ 57,400	$ 57,400
Fair value of the plan assets	85,400	85,400
Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Pension benefit obligation	12,200	12,200
Fair value of the plan assets	$ 600	$ 600

EMPLOYEE BENEFIT PLANS - Change

EMPLOYEE BENEFIT PLANS - Changes in Accumulated Postemployment Benefit Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Change in plan assets:
Fair value of plan assets at beginning of year	$ 82,769
Fair value of plan assets at end of year	86,023	$ 82,769
Amounts recognized in Consolidated Balance Sheet:
Noncurrent assets	28,352	19,566
Noncurrent liabilities	(10,146)	(12,795)
Pension Plan
Change in benefit obligation:
Benefit obligation at beginning of year	77,208	79,379
Plan assumption changes	(1,809)	1,391
Service cost	340	606	$ 590
Interest cost	3,752	4,331	2,872
Actuarial gain	(412)	(632)
Benefits paid	(8,237)	(7,588)
Foreign currency translation	(1,190)	(279)
Benefit obligation at end of year	69,652	77,208	79,379
Change in plan assets:
Fair value of plan assets at beginning of year	82,769	75,025
Actual return on plan assets	9,733	14,558
Employer contributions	936	442
Benefits paid	(7,214)	(7,294)
Foreign currency translation	(201)	38
Fair value of plan assets at end of year	86,023	82,769	$ 75,025
Funded (unfunded) status at end of year	16,371	5,561
Amounts recognized in Consolidated Balance Sheet:
Noncurrent assets	28,352	19,566
Current liabilities	(1,227)	(1,210)
Noncurrent liabilities	(10,754)	(12,795)
Net amount recognized in the Consolidated Balance Sheet	$ 16,371	$ 5,561

EMPLOYEE BENEFIT PLANS - Accumu

EMPLOYEE BENEFIT PLANS - Accumulated and Projected Benefit Obligations (Details) - Pension Plan - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension Plans in which Accumulated Benefit Obligation Exceeds Plan Assets at December 31,
Accumulated benefit obligation	$ 11,778	$ 44,976
Fair value of plan assets	619	31,903
Accumulated Benefit Obligation at December 31	69,225	76,746
Pension Plans in which Projected Benefit Obligation Exceeds Plan Assets at December 31,
Projected benefit obligation	12,205	45,439
Fair value of plan assets	619	31,903
Pension benefit obligation	$ 69,652	$ 77,208	$ 79,379

EMPLOYEE BENEFIT PLANS - Amount

EMPLOYEE BENEFIT PLANS - Amounts Recognized in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Net amount recognized in accumulated other comprehensive loss	$ (3,296)	$ 2,328	$ 9,267
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Unrecognized prior service cost	445	634	643
Unrecognized net loss	(3,779)	(11,480)	(21,091)
Deferred tax effect of unrecognized items	6,630	8,518	11,181
Net amount recognized in accumulated other comprehensive loss	$ 3,296	$ (2,328)	$ (9,267)

EMPLOYEE BENEFIT PLANS - Define

EMPLOYEE BENEFIT PLANS - Defined Benefit Plan, Assumptions (Details) - Pension Plan	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.70%	5.20%	5.80%
Expected long-term return on plan assets	6.50%	6.50%	6.50%
Discount rate	4.20%	5.80%	2.70%

EMPLOYEE BENEFIT PLANS - Net Pe

EMPLOYEE BENEFIT PLANS - Net Periodic Pension Cost (Benefit) (Details) - Pension Plan - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 340	$ 606	$ 590
Interest cost	3,752	4,331	2,872
Assumed return on assets	(5,198)	(4,669)	(6,071)
Amortization of unrecognized prior service cost	(58)	(114)	(85)
Amortization of net unrecognized loss	279	1,004	1,426
Net periodic pension cost (benefit)	$ (885)	$ 1,158	$ (1,268)

EMPLOYEE BENEFIT PLANS - Alloca

EMPLOYEE BENEFIT PLANS - Allocation of Plan Assets (Details)	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets (in percent)	100%	100%
Maximum
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets (in percent)	80%
U.S. equities
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets (in percent)	60%	57%
U.S. equities | Minimum
Defined Benefit Plan Disclosure [Line Items]
Target allocation (in percent)	40%
U.S. equities | Maximum
Defined Benefit Plan Disclosure [Line Items]
Target allocation (in percent)	80%
Fixed income
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets (in percent)	20%	21%
Fixed income | Minimum
Defined Benefit Plan Disclosure [Line Items]
Target allocation (in percent)	20%
Fixed income | Maximum
Defined Benefit Plan Disclosure [Line Items]
Target allocation (in percent)	50%
Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets (in percent)	8%	10%
Cash and cash equivalents | Minimum
Defined Benefit Plan Disclosure [Line Items]
Target allocation (in percent)	0%
Cash and cash equivalents | Maximum
Defined Benefit Plan Disclosure [Line Items]
Target allocation (in percent)	20%
International equities
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets (in percent)	12%	12%
International equities | Minimum
Defined Benefit Plan Disclosure [Line Items]
Target allocation (in percent)	0%
International equities | Maximum
Defined Benefit Plan Disclosure [Line Items]
Target allocation (in percent)	16%

EMPLOYEE BENEFIT PLANS - Fair V

EMPLOYEE BENEFIT PLANS - Fair Value of the Plan Assets by Asset Categories (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	$ 86,023	$ 82,769
Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	85,164	81,974
Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	859	795
Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	0	0
Money market funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	6,774	8,186
Money market funds | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	6,774	8,186
Money market funds | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	0	0
Money market funds | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	0	0
Common stock
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	31,271	27,658
Common stock | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	31,271	27,658
Common stock | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	0	0
Common stock | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	0	0
Bonds and securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	10,018	10,302
Bonds and securities | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	10,018	10,302
Bonds and securities | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	0	0
Bonds and securities | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	0	0
Mutual and insurance funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	37,960	36,623
Mutual and insurance funds | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	37,101	35,828
Mutual and insurance funds | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	859	795
Mutual and insurance funds | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of the plan assets	$ 0	$ 0

EMPLOYEE BENEFIT PLANS - Expect

EMPLOYEE BENEFIT PLANS - Expected Benefit Payments (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Retirement Benefits [Abstract]
2025	$ 7,776
2026	7,034
2027	6,626
2028	6,779
2029	6,514
2030-2034	$ 29,117

STOCK COMPENSATION - Narrative

STOCK COMPENSATION - Narrative (Details) - USD ($) $ in Millions		12 Months Ended
	Dec. 28, 2021	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense		$ 7.4	$ 6	$ 4.3
All options outstanding fully vested and expired (in years)		10 years
Restricted stock awards (in shares)		665,473
Pre-tax unrecognized compensation expense for unvested RSUs and PSUs		$ 8.2
Weighted-average period (in years)		1 year 2 months 12 days
Fair value of shares vested		$ 8	5.1	6
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense		$ 6.5	$ 5.1	$ 3.4
Restricted stock awards (in shares)		665,473	571,530	552,992
Restricted Stock Units (RSUs) | Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)		3 years
Restricted Stock Units (RSUs) | Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)		1 year
Performance Stock Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense		$ 0.9	$ 0.9	$ 0.9
Vesting period (in years)	4 years
Restricted stock awards (in shares)		0
Performance Stock Unit | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target amount depending upon performance achieved over performance period (in percent)	0%
Performance Stock Unit | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target amount depending upon performance achieved over performance period (in percent)	125%
Equity and Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares are available for future issuance under the equity incentive plan		2,500,000

STOCK COMPENSATION - Stock Opti

STOCK COMPENSATION - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Shares Subject to Option
Shares subject to option, outstanding, beginning of year (in shares)	348,200
Granted (in shares)	0
Exercised (in shares)	0
Forfeited/Expired (in shares)	(59,000)
Shares subject to option, outstanding, end of year (in shares)	289,200	348,200
Shares subject to option, exercisable (in shares)	289,200
Weighted Average Exercise Price
Weighted-average exercise price, beginning of year (in usd per share)	$ 11.62
Granted (in usd per share)	0
Exercised (in usd per share)	0
Forfeited/Expired (in usd per share)	16.37
Weighted-average exercise price, end of year (in usd per share)	10.65	$ 11.62
Weighted average exercise price, exercisable (in usd per share)	$ 10.65
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Additional Disclosures [Abstract]
Remaining Contractual Life (in Years)	2 years 1 month 2 days	2 years 7 months 20 days
Weighted average remaining contractual term, exercisable (in years)	2 years 1 month 2 days
Outstanding aggregate intrinsic value	$ 0
Aggregate intrinsic value, exercisable	$ 0

STOCK COMPENSATION - RSU and PS

STOCK COMPENSATION - RSU and PSU Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Total Shares
Unvested, beginning of period (in shares)	1,302,594
Granted (in shares)	665,473
Vested (in shares)	(823,731)
Forfeited/Expired (in shares)	(2,000)
Unvested, end of period (in shares)	1,142,336	1,302,594
Weighted-Average Grant Date Fair Value
Weighted-average grant date fair value, beginning of period (in usd per share)	$ 11.33
Granted (in usd per share)	11.11
Vested (in usd per share)	11.08
Forfeited/Expired (in usd per share)	12.86
Weighted-average grant date fair value, end of period (in usd per share)	$ 11.38	$ 11.33
Award vesting rights (in percent)	125%
RSU
Total Shares
Unvested, beginning of period (in shares)	973,646
Granted (in shares)	665,473	571,530	552,992
Vested (in shares)	(494,783)
Forfeited/Expired (in shares)	(2,000)
Unvested, end of period (in shares)	1,142,336	973,646
PSU
Total Shares
Unvested, beginning of period (in shares)	328,948
Granted (in shares)	0
Vested (in shares)	(328,948)
Forfeited/Expired (in shares)	0
Unvested, end of period (in shares)	0	328,948

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Apr. 22, 2021
Leases [Abstract]
Debt instrument, interest rate, effective percentage (in percent)	7.27%			7.27%
Operating lease expense	$ 24.5	$ 5.6	$ 5.1
Finance lease amortization expense	2.5	3	$ 2.6
Operating cash flows from operating leases	39.8	6.8
Operating cash flows from finance leases	$ 0.4	$ 0.2

LEASES - Supplemental Balance S

LEASES - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease ROU assets	$ 117,027	$ 11,955
Operating lease current liabilities	$ 11,999	$ 5,021
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Operating lease current liabilities	Operating lease current liabilities
Operating lease long-term liabilities	$ 106,020	$ 6,153
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Operating lease long-term liabilities	Operating lease long-term liabilities
Total operating lease liabilities	$ 118,019	$ 11,174
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities	Other Liabilities
Finance lease, gross	$ 6,801	$ 5,175
Finance lease accumulated depreciation	(4,442)	(3,489)
Finance lease, net	$ 2,359	$ 1,686
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant, and equipment, net	Property, plant, and equipment, net
Finance lease current liabilities	$ 986	$ 1,093
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Current	Other Liabilities, Current
Finance lease long-term liabilities	$ 1,483	$ 1,321
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other long-term liabilities	Other long-term liabilities
Total finance lease liabilities	$ 2,469	$ 2,414
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities	Other Liabilities

LEASES - Maturity of Lease Liab

LEASES - Maturity of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Operating Leases
2025	$ 19,460
2026	18,112
2027	15,121
2028	13,401
2029	12,508
Thereafter	115,688
Total future minimum lease payments	194,290
Less imputed interest	76,271
Total operating lease liabilities	$ 118,019	$ 11,174
Weighted average remaining lease term (in years)	13 years 6 months
Weighted average discount rate	7.27%
Finance Leases
2025	$ 1,138
2026	884
2027	457
2028	236
2029	16
Thereafter	0
Total future minimum lease payments	2,731
Less imputed interest	262
Total finance lease liabilities	$ 2,469	$ 2,414
Weighted average remaining lease term (in years)	2 years 8 months 1 day
Weighted average discount rate		7.27%

PURCHASE OBLIGATIONS (Details)

PURCHASE OBLIGATIONS (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2025	$ 28,876
2026	3,287
2027	479
Total non-cancellable purchase obligations	$ 32,642

SEGMENT AND GEOGRAPHICAL INFO_3

SEGMENT AND GEOGRAPHICAL INFORMATION - Narrative (Details)	12 Months Ended
	Dec. 31, 2024 segment
Segment Reporting [Abstract]
Number of reportable segments	3
Number of operating segments	3

SEGMENT AND GEOGRAPHICAL INFO_4

SEGMENT AND GEOGRAPHICAL INFORMATION - Segment Reporting Information, by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Net sales	$ 1,845,937	$ 1,821,800	$ 2,169,380
Cost of sales	1,588,135	1,515,951	1,808,670
Gross profit	257,802	305,849	360,710
Selling, general and administrative expenses	191,794	134,938	132,792
Acquisition related expenses	6,196	0	0
Research and development expenses	16,520	12,539	10,404
Royalty expense	10,108	9,645	11,712
Income from operations	33,184	148,727	205,802
Interest expense	(36,429)	(29,157)	(32,149)
Interest income	11,024	10,372	2,353
Foreign exchange (loss) gain	(6,123)	(22,822)	927
Other income	6,615	2,628	25,420
(Loss) income before income taxes	8,271	109,748	202,353
Operating Segments
Segment Reporting Information [Line Items]
Net sales	1,845,937	1,821,800	2,169,380
Cost of sales	1,588,135	1,515,951	1,808,670
Gross profit	257,802	305,849	360,710
Selling, general and administrative expenses	191,794	134,938	132,792
Acquisition related expenses	6,196
Research and development expenses	16,520	12,539	10,404
Royalty expense	10,108	9,645	11,712
Income from operations	33,184	148,727	205,802
Interest expense	(36,429)	(29,157)	(32,149)
Interest income	11,024	10,372	2,353
Foreign exchange (loss) gain	(6,123)	(22,822)	927
Other income	6,615	2,628	25,420
(Loss) income before income taxes	8,271	109,748	202,353
Operating Segments | Agriculture
Segment Reporting Information [Line Items]
Net sales	788,580	980,537	1,192,239
Cost of sales	684,592	817,511	998,654
Gross profit	103,988	163,026	193,585
Selling, general and administrative expenses	52,910	51,666	51,582
Acquisition related expenses	0
Research and development expenses	4,994	4,107	3,317
Royalty expense	6,304	6,611	8,212
Income from operations	39,780	100,642	130,474
Operating Segments | Earthmoving/Construction
Segment Reporting Information [Line Items]
Net sales	583,391	687,758	807,356
Cost of sales	520,567	577,068	671,568
Gross profit	62,824	110,690	135,788
Selling, general and administrative expenses	47,741	47,712	48,735
Acquisition related expenses	0
Research and development expenses	6,503	6,480	5,735
Royalty expense	1,571	1,376	1,508
Income from operations	7,009	55,122	79,810
Operating Segments | Consumer
Segment Reporting Information [Line Items]
Net sales	473,966	153,505	169,785
Cost of sales	382,976	121,372	138,448
Gross profit	90,990	32,133	31,337
Selling, general and administrative expenses	64,900	7,684	6,218
Acquisition related expenses	0
Research and development expenses	3,380	411	284
Royalty expense	2,233	1,658	1,992
Income from operations	20,477	22,380	22,843
Operating Segments | Corporate & Unallocated
Segment Reporting Information [Line Items]
Net sales	0	0	0
Cost of sales	0	0	0
Gross profit	0	0	0
Selling, general and administrative expenses	26,243	27,876	26,257
Acquisition related expenses	6,196
Research and development expenses	1,643	1,541	1,068
Royalty expense	0	0	0
Income from operations	(34,082)	(29,417)	(27,325)
Interest expense	(36,429)	(29,157)	(32,149)
Interest income	11,024	10,372	2,353
Foreign exchange (loss) gain	(6,123)	(22,822)	927
Other income	6,615	2,628	25,420
(Loss) income before income taxes	$ (58,995)	$ (68,396)	$ (30,774)

SEGMENT AND GEOGRAPHICAL INFO_5

SEGMENT AND GEOGRAPHICAL INFORMATION - Reconciliation of Revenue from Segments to Consolidated (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 1,845,937	$ 1,821,800	$ 2,169,380
Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	1,845,937	1,821,800	2,169,380
Operating Segments | Wheels and Tires [including assemblies]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	1,408,993	1,324,280	1,629,643
Operating Segments | Undercarriage systems and components
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	436,944	497,520	539,737
Operating Segments | Agricultural
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	788,580	980,537	1,192,239
Operating Segments | Agricultural | Wheels and Tires [including assemblies]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	746,994	935,274	1,152,933
Operating Segments | Agricultural | Undercarriage systems and components
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	41,586	45,263	39,306
Operating Segments | Earthmoving/construction
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	583,391	687,758	807,356
Operating Segments | Earthmoving/construction | Wheels and Tires [including assemblies]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	213,994	258,709	329,403
Operating Segments | Earthmoving/construction | Undercarriage systems and components
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	369,397	429,049	477,953
Operating Segments | Consumer
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	473,966	153,505	169,785
Operating Segments | Consumer | Wheels and Tires [including assemblies]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	448,005	130,297	147,307
Operating Segments | Consumer | Undercarriage systems and components
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 25,961	$ 23,208	$ 22,478

SEGMENT AND GEOGRAPHICAL INFO_6

SEGMENT AND GEOGRAPHICAL INFORMATION - Reconciliation of Other Items from Segments to Consolidated (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Depreciation and amortization	$ 60,704	$ 42,434	$ 42,747
Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Depreciation and amortization	60,704	42,434	42,747
Operating Segments | Agricultural
Revenues from External Customers and Long-Lived Assets [Line Items]
Depreciation and amortization	24,850	21,405	22,645
Operating Segments | Earthmoving/construction
Revenues from External Customers and Long-Lived Assets [Line Items]
Depreciation and amortization	18,433	15,185	15,337
Operating Segments | Consumer
Revenues from External Customers and Long-Lived Assets [Line Items]
Depreciation and amortization	15,585	3,404	3,226
Operating Segments | Corporate & Unallocated
Revenues from External Customers and Long-Lived Assets [Line Items]
Depreciation and amortization	$ 1,836	$ 2,440	$ 1,539

SEGMENT AND GEOGRAPHICAL INFO_7

SEGMENT AND GEOGRAPHICAL INFORMATION - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	$ 1,584,953	$ 1,289,245
Cash and cash equivalents	195,974	220,251
Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	1,584,953	1,289,245
Operating Segments | Agricultural
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	569,632	559,607
Operating Segments | Earthmoving/construction
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	441,551	497,508
Operating Segments | Consumer
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	512,254	155,602
Operating Segments | Corporate & Unallocated
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	61,516	76,528
Cash and cash equivalents	$ 7,000	$ 32,000	$ 20,000

SEGMENT AND GEOGRAPHICAL INFO_8

SEGMENT AND GEOGRAPHICAL INFORMATION - Revenue from External Customers Attributed to Foreign Countries by Geographic Area (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	$ 1,845,937	$ 1,821,800	$ 2,169,380
Long-Lived Assets	421,218	321,694	296,605
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	935,724	814,676	1,074,715
Long-Lived Assets	184,686	107,639	97,112
Europe / CIS
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	462,066	558,677	577,877
Long-Lived Assets	132,349	142,749	138,617
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	292,830	354,979	422,439
Long-Lived Assets	53,653	61,169	49,714
Asia and other regions
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	155,317	93,468	94,349
Long-Lived Assets	$ 50,530	$ 10,137	$ 11,162

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share [Abstract]
Net (loss) income applicable to common shareholders	$ (5,560)	$ 78,760	$ 176,302
Weighted average shares outstanding (basic) (in shares)	68,662	62,452	63,040
Effect of restricted stock and stock options (in shares)	0	509	651
Weighted average shares outstanding (diluted) (in shares)	68,662	62,961	63,691
(Loss) earnings per share, basic (in usd per share)	$ (0.08)	$ 1.26	$ 2.80
(Loss) earnings per share, diluted (in usd per share)	$ (0.08)	$ 1.25	$ 2.77
Antidilutive securities excluded (in shares)	500

SCHEDULE II _ VALUATION AND Q_2

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Domestic
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 38,554	$ 41,671	$ 94,747
Charged to Costs and Expenses	0	0	0
Charged to Other Accounts	97	0	0
Charged to Costs and Expenses	(5,164)	(3,117)	(53,076)
Charged to Other Accounts	0	0	0
Balance at End of Period	33,487	38,554	41,671
Foreign
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	80,981	79,386	78,425
Charged to Costs and Expenses	2,064	94	19,503
Charged to Other Accounts	0	2,369	0
Charged to Costs and Expenses	(5,194)	(868)	(13,833)
Charged to Other Accounts	(4,842)	0	(4,709)
Balance at End of Period	$ 73,009	$ 80,981	$ 79,386