India, Oct. 29 -- On Thursday, Titan International (TWI), a manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, reported a wider loss for the third quarter, compared to the same quarter last year.
Net loss attributable to Titan widened to $42.74 million or $0.66 per share from $2.26 million or $0.04 per share last year.
Adjusted net loss was $1.82 million or $0.03 per share, compared to an adjusted income of $2.96 million or $0.04 per share last year.
Adjusted EBITDA from the continuing operations rose to $16.39 million from $20.31 million a year ago.
Net sales dropped to $335.18 million from $357.26 million in the previous year.
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