What the changes say
- Titan International faces new risks from trade tensions, Supreme Court tariff rulings, and labor relations.
- International sales generate about half of the company's revenue.
What changed since the prior 10-K
New
- New
3.Market Uncertainty: The ongoing trade tensions and the potential for retaliatory tariffs by other countries create an uncertain market environment. This uncertainty has led to reduced consumer confidence and lower demand for our products
Trade tensions, retaliatory tariffs, and the Supreme Court's February 2026 decision invalidating IEEPA tariffs create market uncertainty and led to a 10% to 15% global tariff.
- New
Given the dynamic and uncertain tariff policy environment, we are continuing to assess the impact of past and possible future tariffs and the consequences of the Supreme Court's decision. The impact on our business, financial condition, and results of operations may be material, but the future impact remains uncertain
Titan's domestic collective bargaining agreement ratified in January 2025 expires in November 2028, exposing the company to potential strikes and work stoppages.
- New
relationships with replacement suppliers, or the inability of Titan's suppliers to meet price, quality, quantity, and delivery requirements could have a significant adverse impact on the Company’s results of operations
International operations outside the United States generated approximately $0.9 billion in 2025, exposing Titan to foreign currency, political instability, and government restrictions.
Dropped
- Dropped
which the Company’s products are sold could drive decreases in demand for Titan’s products and have a material adverse effect on Titan’s business
Reworded
- 93% rewritten
Industry and Customer Base
Added specific industry drivers for agricultural equipment and earthmoving/construction industries affecting demand for Titan's products.
- 46% rewritten
Supplier and Raw Material Exposure
No material changes were made to the text describing commodity price fluctuations for steel, rubber, carbon black, bead wire, and fabric.
All 6 risk factors
Headings as the filing states them, in filing order.
Other
- 01Industry and Customer Base93% rewritten
- 023.Market Uncertainty: The ongoing trade tensions and the potential for retaliatory tariffs by other countries create an uncertain market environment. This uncertainty has led to reduced consumer confidence and lower demand for our productsNew
- 03Given the dynamic and uncertain tariff policy environment, we are continuing to assess the impact of past and possible future tariffs and the consequences of the Supreme Court's decision. The impact on our business, financial condition, and results of operations may be material, but the future impact remains uncertainNew
- 04Supplier and Raw Material Exposure46% rewritten
- 05relationships with replacement suppliers, or the inability of Titan's suppliers to meet price, quality, quantity, and delivery requirements could have a significant adverse impact on the Company’s results of operationsNew
- 06Information Technology and Data Protection
Other Titan International 10-Ks
- FY2024 10-K risk factorsRisk factors section under review
Raw-material costs, especially steel and rubber, can pressure manufacturing across all market segments.
Filed Feb 27, 2025
About this page
The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.