Risk Factors Update Summary
- Net sales outside the United States increased to $944.2 million in 2023 from $675.9 million in 2022.
- Net sales to Deere & Company decreased to 13% of Titan's net sales in 2023 from 15% in 2022.
- Antidumping and countervailing duty orders were imposed on off-the-road tires from India.
- The Company is evaluating the Inflation Reduction Act and its impact on the corporate income tax system.
- The military conflict between Russia and Ukraine could impact Titan's global operations.
- The Israeli-Hamas conflict may affect the Company's business due to increased container freight costs.
- The Company is assessing the impact of OECD's global corporate minimum tax rate proposal.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=899751&owner=exclude
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