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Titan International's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Titan International Inc (TWI)

Q2 2012 Earnings Call

July 26, 2012 9:00 am ET

Executives

Maurice M. Taylor Jr. – Chairman and Chief Executive Officer

William Campbell – Chairman and Executive Vice President

Paul Reitz – Chief Financial Officer

Analysts

Ian A. Zaffino – Oppenheimer

C. Schon Williams – BB&T Capital Markets

Saul Ludwig – Northcoast Research

Christopher Edwards – Jefferies & Co.

Lawrence DeMaria – William Blair & Company

Presentation

Operator

Ladies and gentlemen, good morning. Thank you for standing by, and welcome to the Second Quarter 2012 Earnings Conference Call. At this time, all lines are in a listen-only mode, and there will be an opportunity for your questions, and instructions will be given at that time. (Operator Instructions)

And as a reminder, this conference is being recorded. And I’d now like to turn the conference over to our host, Chairman and CEO, Mr. Maurice Taylor. Please go ahead.

Maurice M. Taylor Jr.

Thank you (Inaudible). Good morning everyone. Assuming everyone has their press releases it’s been a very active few weeks, this last few weeks. I know there will be a lot of questions, reference what’s coming out, but first I’d like to cover a few things on the quarter. This could have been just an extraordinary quarter reference to shipments et cetera. We had a number I had mentioned in the press release.

The heat was pretty strong when you get into the factory, especially the carrying and everything else and your efficiencies do drop, but we had an opportunity, we’ve been in a specialty and pre-port and into Bryan. We have been adding equipment to increase the amount of capacity and that we could move out of those facilities.

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