2024 Q4 Form 10-Q Financial Statement

#000089975124000091 Filed on October 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $448.0M $401.8M
YoY Change 11.5% -24.3%
Cost Of Revenue $389.2M $335.7M
YoY Change 15.93% -24.23%
Gross Profit $58.81M $66.07M
YoY Change -11.0% -24.6%
Gross Profit Margin 13.13% 16.45%
Selling, General & Admin $49.53M $33.59M
YoY Change 47.48% 6.93%
% of Gross Profit 84.23% 50.83%
Research & Development $4.199M $3.167M
YoY Change 32.59% 30.12%
% of Gross Profit 7.14% 4.79%
Depreciation & Amortization $12.70M $10.03M
YoY Change 26.58% -0.05%
% of Gross Profit 21.6% 15.18%
Operating Expenses $53.73M $36.75M
YoY Change 46.19% 8.6%
Operating Profit $2.807M $26.98M
YoY Change -89.59% -46.57%
Interest Expense $9.005M $3.931M
YoY Change 129.08% -45.56%
% of Operating Profit 320.81% 14.57%
Other Income/Expense, Net $375.0K $461.0K
YoY Change -18.66% -95.24%
Pretax Income -$5.284M $24.38M
YoY Change -121.67% -54.98%
Income Tax $12.90M $4.700M
% Of Pretax Income 19.28%
Net Earnings -$18.25M $19.28M
YoY Change -194.65% -55.34%
Net Earnings / Revenue -4.07% 4.8%
Basic Earnings Per Share -$0.25 $0.31
Diluted Earnings Per Share -$0.25 $0.31
COMMON SHARES
Basic Shares Outstanding 63.14M shares 72.16M shares 62.73M shares
Diluted Shares Outstanding 72.01M shares 63.10M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $227.3M $211.9M
YoY Change 7.26% 81.76%
Cash & Equivalents $196.0M $227.3M $211.9M
Short-Term Investments
Other Short-Term Assets $6.250M $71.98M $70.68M
YoY Change -11.02% 1.83% -20.54%
Inventory $437.2M $453.6M $360.1M
Prepaid Expenses $25.78M
Receivables $211.7M $272.8M $238.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $912.0M $1.026B $881.3M
YoY Change 4.02% 16.39% -2.15%
LONG-TERM ASSETS
Property, Plant & Equipment $421.2M $440.3M $302.5M
YoY Change 30.94% 45.56% 5.17%
Goodwill $29.56M $35.81M
YoY Change
Intangibles $11.99M $13.04M
YoY Change 737.53%
Long-Term Investments $7.900M
YoY Change 11.27%
Other Assets $51.51M $63.30M
YoY Change -18.62% 6.9%
Total Long-Term Assets $672.9M $661.0M $376.4M
YoY Change 63.15% 75.6% 8.53%
TOTAL ASSETS
Total Short-Term Assets $912.0M $1.026B $881.3M
Total Long-Term Assets $672.9M $661.0M $376.4M
Total Assets $1.585B $1.687B $1.258B
YoY Change 22.94% 34.11% 0.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $219.6M $234.3M $194.5M
YoY Change 9.14% 20.46% -24.23%
Accrued Expenses $127.7M $103.1M
YoY Change 23.95% 2209.75%
Deferred Revenue $15.00M $16.23M $17.45M
YoY Change -3.14% -7.02%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $16.20M $18.70M
YoY Change -13.36% -42.09%
Total Short-Term Liabilities $387.4M $431.3M $374.8M
YoY Change 4.02% 15.07% -20.41%
LONG-TERM LIABILITIES
Long-Term Debt $504.9M $411.2M
YoY Change 22.79% -0.82%
Other Long-Term Liabilities $38.54M $42.23M $37.15M
YoY Change 1.3% 13.68% 1.13%
Total Long-Term Liabilities $38.54M $42.23M $37.15M
YoY Change 1.3% 13.68% 1.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $387.4M $431.3M $374.8M
Total Long-Term Liabilities $38.54M $42.23M $37.15M
Total Liabilities $1.091B $1.089B $824.5M
YoY Change 32.79% 32.03% -11.0%
SHAREHOLDERS EQUITY
Retained Earnings $164.1M $162.7M $172.2M
YoY Change -3.28% -5.5% 252.68%
Common Stock $740.2M $738.4M $567.4M
YoY Change 30.08% 30.14% 0.57%
Preferred Stock
YoY Change
Treasury Stock (at cost) $122.3M $64.42M $39.39M
YoY Change 132.64% 63.56% 66.47%
Treasury Stock Shares
Shareholders Equity $496.1M $597.8M $433.2M
YoY Change
Total Liabilities & Shareholders Equity $1.585B $1.687B $1.258B
YoY Change 22.94% 34.11% 0.82%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$18.25M $19.28M
YoY Change -194.65% -55.34%
Depreciation, Depletion And Amortization $12.70M $10.03M
YoY Change 26.58% -0.05%
Cash From Operating Activities $59.91M $51.22M
YoY Change 16.97% -3.95%
INVESTING ACTIVITIES
Capital Expenditures $18.12M $13.91M
YoY Change 30.23% -204.68%
Acquisitions
YoY Change
Other Investing Activities $361.0K $1.506M
YoY Change -76.03% 293.21%
Cash From Investing Activities -$17.76M -$12.41M
YoY Change 43.13% -3.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -40.82M -14.20M
YoY Change 187.51% -59.35%
NET CHANGE
Cash From Operating Activities 59.91M 51.22M
Cash From Investing Activities -17.76M -12.41M
Cash From Financing Activities -40.82M -14.20M
Net Change In Cash 1.326M 24.61M
YoY Change -94.61% 348.29%
FREE CASH FLOW
Cash From Operating Activities $59.91M $51.22M
Capital Expenditures $18.12M $13.91M
Free Cash Flow $41.79M $37.30M
YoY Change 12.02% -44.0%

Facts In Submission

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15025000 usd
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3067000 usd
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3723000 usd
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426091000 usd
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LongTermDebtAndCapitalLeaseObligations
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q3 us-gaap Profit Loss
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2023Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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us-gaap Profit Loss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Share Based Compensation
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Other Current Liabilities
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us-gaap Increase Decrease In Other Current Liabilities
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us-gaap Increase Decrease In Other Noncurrent Liabilities
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us-gaap Increase Decrease In Other Noncurrent Liabilities
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1310000 usd
us-gaap Net Cash Provided By Used In Operating Activities
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132751000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
140106000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
52318000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
41480000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
143643000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
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us-gaap Proceeds From Sale Of Other Investments
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1791000 usd
us-gaap Proceeds From Sale Of Other Investments
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us-gaap Proceeds From Insurance Settlement Investing Activities
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3537000 usd
us-gaap Proceeds From Insurance Settlement Investing Activities
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us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
1603000 usd
us-gaap Proceeds From Sales Of Assets Investing Activities
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1795000 usd
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Long Term Debt
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159614000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
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6628000 usd
us-gaap Repayments Of Other Debt
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66601000 usd
us-gaap Repayments Of Other Debt
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25017000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3115000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
16106000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
19064000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
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73054000 usd
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7042000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
52325000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
220251000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
159577000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
227293000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
211902000 usd
us-gaap Interest Paid Net
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20500000 usd
us-gaap Interest Paid Net
InterestPaidNet
15971000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
16422000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
17581000 usd
us-gaap Stock Issued1
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168693000 usd
us-gaap Stock Issued1
StockIssued1
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us-gaap Prior Period Reclassification Adjustment Description
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%">Reclassifications</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has reclassified certain prior period amounts in the consolidated balance sheet, primarily lease liabilities, warranty liabilities and interest expense and interest income, to conform with the current period presentation.</span></div>
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
9028000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
8603000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
4683000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
485000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
496389000 usd
CY2024Q3 twi Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
2333000 usd
CY2024Q3 us-gaap Long Term Debt
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521521000 usd
CY2021Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
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0.0700
CY2021Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0727
CY2024Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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225000000.0 usd
CY2024Q1 us-gaap Bridge Loan
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20000000.0 usd
CY2024Q1 twi Letters Of Credit Maximum Capacity
LettersOfCreditMaximumCapacity
50000000.0 usd
CY2024Q1 us-gaap Debt Instrument Term
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P5Y
CY2024Q1 us-gaap Line Of Credit Facility Capacity Available For Specific Purpose Other Than For Trade Purchases
LineOfCreditFacilityCapacityAvailableForSpecificPurposeOtherThanForTradePurchases
50000000.0 usd
CY2021Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0700
CY2024Q3 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.0693
CY2024Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
191000000.0 usd
CY2024Q3 us-gaap Letters Of Credit Outstanding Amount
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9900000 usd
CY2024Q3 us-gaap Long Term Line Of Credit
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97000000.0 usd
CY2024Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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84100000 usd
CY2024Q3 us-gaap Equity Securities Fv Ni Current And Noncurrent
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12600000 usd
CY2024Q3 us-gaap Amount Recognized In Income Due To Inflationary Accounting
AmountRecognizedInIncomeDueToInflationaryAccounting
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us-gaap Amount Recognized In Income Due To Inflationary Accounting
AmountRecognizedInIncomeDueToInflationaryAccounting
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CY2024Q3 twi Percent Of Consolidated Assets
PercentOfConsolidatedAssets
0.05
CY2023Q4 twi Percent Of Consolidated Assets
PercentOfConsolidatedAssets
0.07
CY2024Q3 twi Percent Of Consolidated Sales
PercentOfConsolidatedSales
0.04
CY2023Q3 twi Percent Of Consolidated Sales
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0.05
twi Percent Of Consolidated Sales
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0.04
twi Percent Of Consolidated Sales
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0.06
CY2022Q4 us-gaap Stock Repurchase Program Authorized Amount1
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50000000.0 usd
CY2024Q3 us-gaap Treasury Stock Shares Acquired
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1050000 shares
CY2024Q3 us-gaap Treasury Stock Value Acquired Cost Method
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8300000 usd
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1925000 shares
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
16100000 usd
CY2023 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2653786 shares
CY2023 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
32600000 usd
CY2024Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
1300000 usd
CY2021Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0727
CY2024Q3 us-gaap Supplier Finance Program Obligation
SupplierFinanceProgramObligation
8500000 usd
CY2023Q4 us-gaap Supplier Finance Program Obligation
SupplierFinanceProgramObligation
7400000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
120330000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11955000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
13077000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5021000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
109187000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6153000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
122264000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
11174000 usd
CY2024Q3 twi Finance Lease Gross
FinanceLeaseGross
6809000 usd
CY2023Q4 twi Finance Lease Gross
FinanceLeaseGross
5175000 usd
CY2024Q3 twi Finance Lease Accumulated Depreciation
FinanceLeaseAccumulatedDepreciation
4797000 usd
CY2023Q4 twi Finance Lease Accumulated Depreciation
FinanceLeaseAccumulatedDepreciation
3489000 usd
CY2024Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2012000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1686000 usd
CY2024Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1180000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1093000 usd
CY2024Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1428000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1321000 usd
CY2024Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
2608000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
2414000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
5606000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
403000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
19111000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1057000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
17942000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
805000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
15215000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
389000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
13452000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
195000 usd
CY2024Q3 twi Operating Lease Liability To Be Paid After Year Four
OperatingLeaseLiabilityToBePaidAfterYearFour
129007000 usd
CY2024Q3 twi Lessee Financing Lease Liability To Be Paid After Year Four
LesseeFinancingLeaseLiabilityToBePaidAfterYearFour
16000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
200333000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2865000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
78069000 usd
CY2024Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
257000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
122264000 usd
CY2024Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
2608000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P13Y6M10D
CY2024Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y7M28D
us-gaap Operating Lease Payments
OperatingLeasePayments
5500000 usd
twi Defined Benefit Plan Number Of Frozen Plans
DefinedBenefitPlanNumberOfFrozenPlans
3 plan
twi Defined Benefit Plan Number Of Subsidiaries With Frozen Plans
DefinedBenefitPlanNumberOfSubsidiariesWithFrozenPlans
3 plan
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
700000 usd
CY2024Q3 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
100000 usd
twi Variable Interest Entity Number Of Joint Ventures
VariableInterestEntityNumberOfJointVentures
1 jointventure
us-gaap Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
0.50
CY2024Q3 us-gaap Royalty Expense
RoyaltyExpense
2300000 usd
CY2023Q3 us-gaap Royalty Expense
RoyaltyExpense
2300000 usd
us-gaap Royalty Expense
RoyaltyExpense
7600000 usd
us-gaap Royalty Expense
RoyaltyExpense
7200000 usd
CY2024Q3 twi Brazil Income Tax Adjustment
BrazilIncomeTaxAdjustment
0 usd
CY2023Q3 twi Brazil Income Tax Adjustment
BrazilIncomeTaxAdjustment
0 usd
twi Brazil Income Tax Adjustment
BrazilIncomeTaxAdjustment
0 usd
twi Brazil Income Tax Adjustment
BrazilIncomeTaxAdjustment
475000 usd
CY2024Q3 us-gaap Insured Event Gain Loss
InsuredEventGainLoss
520000 usd
CY2023Q3 us-gaap Insured Event Gain Loss
InsuredEventGainLoss
0 usd
us-gaap Insured Event Gain Loss
InsuredEventGainLoss
2433000 usd
us-gaap Insured Event Gain Loss
InsuredEventGainLoss
0 usd
CY2024Q3 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-1032000 usd
CY2023Q3 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 usd
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
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us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 usd
CY2024Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
165000 usd
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
222000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
733000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
954000 usd
CY2024Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
19000 usd
CY2023Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
87000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
407000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
158000 usd
CY2024Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
703000 usd
CY2023Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
152000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1516000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
822000 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
375000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
461000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4057000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2409000 usd
twi Brazil Indirect Income Tax Adjustment
BrazilIndirectIncomeTaxAdjustment
500000 usd
twi Brazil Indirect Income Tax Adjustment
BrazilIndirectIncomeTaxAdjustment
500000 usd
us-gaap Unusual Or Infrequent Item Insurance Proceeds
UnusualOrInfrequentItemInsuranceProceeds
3500000 usd
CY2024Q3 us-gaap Unusual Or Infrequent Item Insurance Proceeds
UnusualOrInfrequentItemInsuranceProceeds
500000 usd
CY2024Q3 us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
1000000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12900000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4700000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
38100000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28400000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-2.444
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.194
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
1.144
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.250
twi Income Tax Profit And Loss Position Period
IncomeTaxProfitAndLossPositionPeriod
P3Y
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-18249000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
19280000 usd
us-gaap Net Income Loss
NetIncomeLoss
-6899000 usd
us-gaap Net Income Loss
NetIncomeLoss
81325000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72013000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
62598000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
62810000 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
497000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
461000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72013000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63095000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63271000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.29
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.25
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.29
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
400000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
500000 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
us-gaap Number Of Reportable Segments
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3 segment
CY2024Q3 us-gaap Interest Expense
InterestExpense
9005000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
7229000 usd
us-gaap Interest Expense
InterestExpense
27103000 usd
us-gaap Interest Expense
InterestExpense
22446000 usd
CY2024Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
3064000 usd
CY2023Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
3298000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
8483000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
6261000 usd
CY2024Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2023Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
876000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2338000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
375000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
461000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4057000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2409000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5284000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
24381000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
33300000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
113351000 usd
CY2024Q3 us-gaap Assets
Assets
1686724000 usd
CY2023Q4 us-gaap Assets
Assets
1289245000 usd
CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-250063000 usd
CY2024Q2 us-gaap Aoci Derivative Qualifying As Hedge Excluded Component After Tax
AociDerivativeQualifyingAsHedgeExcludedComponentAfterTax
668000 usd
CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
2341000 usd
CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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