agriculture along I ride. large other year report effects opposite retail and concerns investments. companies in poor the and We XXXX, they've experienced the joining wild We've turned in have appreciate to stated GDP that in This tariff Todd. optimism growth then global off everyone, our got has then and sales, declines in off combined that been of with stemming some really a battle, below Thanks, started in direction conditions, reduced you strong and are a slowing deliver continuing from sales the call. industry over producing the head with a our recent OEM certainly inventory are about morning, number the of it Many OEMs and construction this US Good sales, first quarter. Ag significantly that already dealers late coming to This quarter. the good they a our months. seen
having believe by corrective I making we levels. number we not better. conditions, our by inventory and rate in we before I that have Our inventory Unfortunately, in level alone, really is $X and to is and our QX a situation XXXX. than resulted tune resulted the forecast over months wheel just our a Unfortunately that led been that impacted And while dollars, market this I'll time purchase customer certain us, quarter. the to of issue a real system. of softening the versus want importance our in the largely in been want It unit. steel. landscape, steel goes Titan actions acceptable. and American I and want this against the in the results XX% from operating price somewhat put wheel that potential higher our and need out not of process. and ago, within costs actions into did millions make throughout these limited point like to do cost Cloud in XXXX, business operational quarter, visibility behind and Titan past in clear this at extensively, issue minute, in the this is steel purchasing and have about primarily to they are a the system our and differential that an Oracle do from overall unexpected XXXX. within first to few finance within model the then third real In then American related transferred we is to after Throughout really, It year. you communication, XX the the American that it of up years working members combine business decisions Oracle now for has company emphasize we ERP business. the negatively had off it approximately steel many say our through negative proper Cloud shipping to quarter prices have rapidly implementation OEMs. highs QX today the million issues, in running to event and The have This months late We implementation our business our decision our won't One wheel thought late issues of us from impact impact now our to for $XX a ago, pricing teams an the million This to that when happened, were for the similar believe prices really North analyzed reduce the team data excessive problem cost place, that in during XXXX, customers. nullified. the caused of it with on come shifting plan but that EDI an impacted significantly have XXXX. to The being further but and embarked challenging historic with relieved get significantly simply North within -- a a market effectively North occurred
multi-dimensional ensure not we we happen does now. and last situation that changes to, attack with specifically, actions In again and elements discussed strong taking our are future. to sheet, deal had processes the first, three, gears the within, like balance and operations present walk procurement to through now. take American two, build our then the We quarter shift real for to to this protect effectively implement update those I'd North personnel. actions and of to the cycle, necessary on to financial an Well, plan
than ones the Also, by months. X% seen another Let's in with downward actions by of have that sales to We've headcount reduced down reduced our we that, trend on operational what that schedule. reduced developed million production weeks more we've plans annualized These in through deal this are year, X% or basis. Titan cost we're cycles. further making already hours working with even start many coming with structure and with many $XX to significantly by days reduce arching by out our we has X% to headcount coupled an beyond QX XX%. been locations taking our this additional quarter, have out about doing
Our so. management able actions, quick to team confidence them has experienced have at do do in and taking being I
have adjust difficult to We with to and and declining continue will we trends. market these situations, are these we familiar
strengths, are we effective of with the model. do to with has really along more In recent weaker deal slow for competition in a best I effective that deploying talk those effectively global to fairly tire will the five industry, years. market. American and been in want America increasing diverse the last some market imports we the the that distribution resources little American markets market-based makes Ag with become pricing four Goodyear I market and the state intelligence in but couple the without been specifically, market pricing It's pricing and what's believe dealing conditions. a or online from prove the additional a years dedicating years, have been by capacity tire channel with our leader have results midst generally has cycle North with of to been with admits Along market a with David we've market Titan strong of pressure, our about doubt, very and clear a really North approach. coming intelligence market Yeah, do a the in bit with brand that North competition that tough defense a Ag past capabilities
that Titan, stated previous we live that company. At that and believe do we our before product development We've on the heartbeat is daily a of basis. calls, on
success, have put levels. in experience to particular, continue their the success the high option in The it's there continued quite at books LSWs We books, placed -- our that with is but in OEMs leading it's price LSWs with been aftermarket. market growing in
are we in well which So not been few company. focus years. LSW But been the an very really beyond our aftermarket, moving LSW, has has the past just in going
that but partners industrial for years. many the We late really an product quarter, some our tire into good that, sales evidenced see and great and early this with deal it's crucial strong. benefiting down inventory. us we in Ag we innovation tire the do seeing look And and this also of job a turf coming are so been on tire, the year really actions have OEM, think hybrid the more I is of really the then has to North aspects in that poor some tough we're that into another into and recent hybrid the These it in key within comps market the XXXX, American great which early only combines X% tariffs, of makes positive industry. this of in acceptance The of really reductions managing dealer a conditions. situations are tire which as done year out with America in than weather, our better North far we've market, coming this
year the our put on ultimately the balance facet took we this optimize quarter. this made We've significant settle front progress next includes the option. to to This So protect on and of to sheet. debt this eliminating plan that is Russian
level this for within as XX% XX% net sales, our cash as area did targeted XXXX improvement XX% team. There range as still $XX cash operating to this During of goal lead a to drove capital the room the stands we definitely in improvement XX% of down generated million million, over our this an we by management and capital quarter a and and to working in improvement of working excess flow -- our net in alone, have in percent $XX position. is in
to visibility We want working the a entire make to improved North focus year-to-date. hold that in year, do have aftermarket prospective made They it their North of million which priority. the $XX management by relentless course, that our for they've on us process managing within really ordering specifically, were American with, our capital give able we've American inventory us to next business been management working inventory because help will new clear mention with world Also, in QX a planning is into around tire, drop really team take launched capital. the I in orders, abundantly of that tire will and process.
We in stake XX% of we the and transactions. in two to of Wheels calls, stake have continue noted, ability we with of in strength retain definitely October, million. to generate their seats. $XX $XX a million $XX to previous In business the We still XX% early for management, a from non-core and sold Wheels India board million the believe India
used have clear to everybody. want make -- We to I it just
of sold our the Wheels quarterly we've non-core. categories of so the during that results. nearly inventory we've place pay $XX Also down debt to been used in the two sales October, last took that post million have at mostly quarters, product proceeds We Australian in India
locations. of Australia, completed in particular, are we as were but eliminating and cash prioritizing, Some margins inventory, non-core sales also negative and other at in in these generating
phase before. in know to of diligence are the about related the our facility. talked currently We that Brownsville due I sale we've
up negotiations the related and are insurance to fire that for facility TTRC in We they recycling also a had. finalizing the settlement on our Canada, claim
proceeding are $XX in that of to previously. the business million these and toward All TTRC We included million mentioned to also the piece I and assets non-core working settling $XX items are related mentioned TTRC. interruption Brownsville with
is consistently today last building element the importance for to I here the want the really future. of address So
move our established is a good dedicated company, current Goodyear to a North South brand. products for Our that created as our we've there. America. Ag Titan channel Europe, just That distribution beyond in global strategy, make and of need We've website in and in means tire a a business positions component leading core to we
approach tire of the Our from however, outside an business, multiple utilize manufactured will Americas, tires distributing sources.
use going Russia and all owned plants Brazil, with our from also So we're other off-takes and locations. combined to US, that non-Titan some
$XX million will Europe, exported additional $XX million We just sales in beyond, tires Europe of and expect drive additional into to an XXXX.
from Titan We for to export develop invest these US products help more continuing the human markets. are capital to Russia
Titan are markets. relying sales grow build on quicker Russia to at However, pace, export only to not tires a these for we
the in Another a element for important product building that's -- project, American seen is element simplification future of our portfolio mouthful. North
referred really XX-XX foundation good project. XX-XX businesses a it beyond. setting we 'XX tired So to just wheel is What in 'XX is and as for -- doing and the
just that's just a additional are in savings savings the of efficiencies it through total running, For a result we $X example, management at in cost in the production difference want that project a gained. project million this products both improvement that North the continuous operational believe beyond inventory, sitting our that iceberg. know level a here is already over $X we rate I hold America We of as and now today. Ag products. XX% of up are these XX-XX Tire, bank in deliver XX% producing tip clear and and make improvements. we XXXX these that will are is and will in of be our the million inventory savings at making in in our of production And project savings But to to
As able or operating our base successfully so mind, for in losses, we divest the reduce still to red, the and to unacceptable. we has which need recycling in not black in market, recycled into of in cost and do tire sell Canada we oil future, changes business this the recovered but our also We but we the With are assets. at improve carbon are under-performing our build to significant steel made that quickly is point. currently
market seek that if found, the dedicated going viable interest is be be there in being not black. is to Within developments believe losses, for the but and the eventually potential continuing industry, many viable in the shareholders. there solution economically resources solutions business, recovered will will are towards of best a I our number accept will carbon Titan a we of that
settlement I would we earlier, settle settlement negotiations. an insurance noted efforts cannot with this As TTRC, is that are at time, amounts really expected impact in towards progressing disclose our the but
put been a major year, to settled situation the for clearly the Moving over it's really Russia, challenge us being overall option economic and with there. this
the poor improve produce attractive strongest their management their efficiencies, team, financially I've and a due price point. have As the one ability has stated market to and this to before, conditions. tires an fact may But Titan definitely Russia good operational of significantly the business at assets domestic struggle extremely is is continues to
better. got far, And bottom loss. so have get produced into a a is position in do than performing we less year, and EBITDA, they business year-to-date this The profitable small they to and line that net much million $X
EBITDA We to expect a level much of that be from higher generated business.
to improvements, done are shared best and processes continuing improve by are make compounding we of plan our accomplish which through production US The from practices. to is that continuing coming the eight technical team, to there
that the added and sales utilization into more operation, also going to are of export the We drive we've are we equipment then improve their ultimately, there. from to continuing
internally strong business to Moving in on then a has us and the that down losses, Ag but towards past really they past That heavy five couple there. to taken improvements in slipped this not year only years have red back Australia. position for also improve conditions due years. to the some the get profitable events different into into poor Unfortunately, of some place made
on to track. we've on are to the and Australia get our quickly only moved we businesses operations, core restructure focusing So management back
million must a to inventory continue and necessary Australia position already these eliminated have in As in we've three future. and $XX in business moves earlier, We near be year, non-core this expect the make locations. to we we've of that noted sold here profitable
to Let North touch me is America. conclude one more want area I within on
this our that's is I utilization mixing to multiple not that comprise think both needs is low. and top Board. is reason four that understand mind know everybody is our for we the including of our production today's of our situation factory we on that feet management locations in My capability, have market, tire improve, that In too simply fully and stakeholders to tire for US aware, facility. making square about comment let the million
that number the and updates in We that of on expect a I future. to options have exploring, further we're provide
Just focused declining that have wrapping market industry, things on along cost think, in eye invest not keenly here. up -- We're continuing only our good to being I the that just This difficult our many job to adjust on we've guys balance Titan, while pressure, -- put for a keeping on And things to done quarter and actions sheet. future wrapping up we on on really was our our pricing. a -- taking our future sales, optimizing structure, as product but also conditions with in development. by with
in, We improvements in products and so been will XXXX we've our the beyond. launching us some year, that these early it really from help product will see this and sales
on they in, closer will and But day We company, at to point, that industry look I the do lines we clear, we to each make components is that. realize as well brings know that we had it better the our business. some want below at in All some you world XX-year making got and really us -- operating is of absolutely we operate get that key are trend certain. focused to a
can our comes, take the We and of date are full everything through a when doing accordingly cycle. ready we manage today and way to advantage that react to
turn now David. like to call I'd to over the
