EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2026

EARNINGS (LOSS) PER SHARE

Earnings (loss) per share were as follows (amounts in thousands, except per share data):


	Three months ended				Six months ended
	June 30,				June 30,
	2026		2025		2026		2025
Net income (loss) attributable to Titan and applicable to common shareholders	$	5,764	$	(4,545)	$	(18,450)	$	(5,194)


Determination of shares:
Weighted average shares outstanding (basic)	64,384		63,722		64,229		63,504
Effect of restricted stock and stock options	120		—		—		—
Weighted average shares outstanding (diluted)	64,504		63,722		64,229		63,504
Earnings (loss) per common share:
Basic	$	0.09	$	(0.07)	$	(0.29)	$	(0.08)
Diluted	$	0.09	$	(0.07)	$	(0.29)	$	(0.08)

The effect of restricted stock and stock options has been excluded for the six months ended June 30, 2026, as the effect would have been antidilutive. The weighted average shares excluded for equity awards for the six months ended June 30, 2026 was 0.2 million, respectively.

The effect of restricted stock and stock options has been excluded for the three and six months ended June 30, 2025, as the effect would have been antidilutive. The weighted average shares excluded for equity awards for the three and six months ended June 30, 2025 was 0.1 million and 0.4 million, respectively.