In millions, except per share items | Jun-30-23 | Dec-31-22 | Sep-30-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 |
| 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
Revenue from Contract with Customer, Excluding Assessed Tax | 481.2 | 509.8 | 530.7 | 572.9 | 556.0 | 487.7 | 450.4 | 438.6 |
Revenue from Contract with Customer, Excluding Assessed Tax growth | -16.0% | 4.5% | 17.8% | 30.6% | 37.8% | 49.2% | 47.8% | 53.3% |
Cost of sales | 395.3 | 433.1 | 443.1 | 463.2 | 469.3 | 425.2 | 390.1 | 377.2 |
Gross profit | 85.9 | 76.7 | 87.6 | 109.7 | 86.7 | 62.5 | 60.3 | 61.5 |
Gross margin | 17.9% | 15.0% | 16.5% | 19.1% | 15.6% | 12.8% | 13.4% | 14.0% |
Selling, general and administrative expenses | 34.9 | 30.5 | 31.4 | 34.7 | 36.2 | 33.0 | 32.2 | 32.6 |
Research and development expenses | 3.2 | 2.8 | 2.4 | 2.2 | 2.9 | 2.7 | 2.4 | 2.5 |
Royalty expense | 1.9 | 2.5 | 3.3 | 3.0 | 2.9 | 2.6 | 2.8 | 2.7 |
Income (loss) from operations | 45.9 | 40.9 | 50.5 | 69.7 | 44.7 | 24.3 | 22.9 | 23.7 |
Operating margin | 9.5% | 8.0% | 9.5% | 12.2% | 8.0% | 5.0% | 5.1% | 5.4% |
Interest expense, net | -5.8 | -7.0 | -7.2 | -7.7 | -7.9 | -8.3 | -7.8 | -8.6 |
Foreign exchange gain (loss) | 0.0 | -7.8 | 1.2 | 2.2 | 5.3 | 2.9 | 0.4 | -0.8 |
Other income | 1.2 | -49.9 | 9.7 | 23.7 | -8.9 | -3.6 | 0.6 | 1.2 |
Income before income taxes | 41.3 | 27.0 | 54.2 | 87.9 | 33.3 | 19.5 | 16.1 | -0.4 |
Provision for income taxes | 9.4 | -16.0 | 11.4 | 19.0 | 8.7 | -8.8 | 5.3 | 2.0 |
Tax rate | 22.8% | | 21.1% | 21.6% | 26.1% | | 33.1% | |
Net income | 31.9 | 43.0 | 42.7 | 68.9 | 24.6 | 28.3 | 10.8 | -2.4 |
Net income attributable to noncontrolling interests | 1.7 | 0.9 | -0.5 | 1.8 | 0.7 | 0.7 | -0.4 | 0.3 |
Net income attributable to Titan and applicable to common shareholders | 30.2 | 42.0 | 43.2 | 67.2 | 23.9 | 27.6 | 11.2 | -2.8 |
|
Earnings per common share: | | | | | | | | |
Basic | $0.48 | $0.67 | $0.69 | $1.07 | $0.37 | $0.44 | $0.18 | ($0.04) |
Diluted | $0.48 | $0.66 | $0.68 | $1.06 | $0.37 | $0.44 | $0.18 | ($0.04) |
|
Average common shares and equivalents outstanding: | | | | | | | | |
Basic | 62.9 | 63.0 | 62.8 | 62.7 | 63.9 | 62.1 | 62.3 | 61.7 |
Diluted | 63.2 | 63.7 | 63.2 | 63.2 | 64.4 | 62.7 | 62.6 | 61.7 |