What does Titan America do and what are its main business segments?

What is Titan America's latest dividend and current dividend yield?

What were the key takeaways from Titan America's earnings call?

What is the market's earnings forecast for Titan America next quarter?

What were the key takeaways from Titan America’s earnings call?

What is the revenue and EPS growth rate for Titan America year over year?

What is Titan America's gross profit margin?

What factors drove the changes in Titan America's revenue and profit?

- **Record 2025 Performance**: $1.66B revenue, $390M EBITDA, 23.4% margin, driven by infrastructure and data center demand.
- **Keystone Acquisition**: Adds 990K tons of cement capacity, enhancing Mid-Atlantic reach and supply chain efficiency.
- **2026 Outlook**: Low single-digit revenue growth, modest EBITDA margin expansion, with residential recovery delayed to 2027.
- **Financial Strength**: $295M operating cash flow, 0.64x net leverage, strong balance sheet for M&A.
- **Risks**: Elevated fuel costs (~8% COGS), tariff headwinds, and macroeconomic uncertainty.

**【CEO Summary Section】**
- **Record Financial Performance**: Achieved all-time high revenue of $1.66 billion and adjusted EBITDA of $390 million in 2025, with a 75 basis point improvement in EBITDA margin to 23.4%.
- **Strategic Acquisition**: Signed agreement to acquire Keystone Cement Company, adding 990,000 short tons of cement capacity in Pennsylvania and Ohio, enhancing Mid-Atlantic supply chain.
- **Market Growth Drivers**: Strong demand from infrastructure (e.g., Florida's Moving Forward program), data centers (e.g., Virginia's hyperscale projects), and private nonresidential construction offsetting residential sector softness.
- **2026 Outlook**: Anticipates low single-digit revenue growth, with modest EBITDA margin expansion, driven by infrastructure and data center demand, despite delayed residential recovery to 2027.

**【CFO Financial Commentary】**
- **Q4 2025 Results**: Revenue $406 million (+4% YoY), net income $44 million (+19% YoY), adjusted EBITDA $94 million (+12% YoY), margin 23.1%.
- **Full Year 2025**: Operating cash flow $295 million, free cash flow $132 million after $163 million CapEx. Net leverage ratio improved to 0.64x.
- **Segment Performance**: Florida segment revenue +2.7% to $1.02 billion, EBITDA +11.6% to $279 million. Mid-Atlantic segment faced headwinds but saw Q4 revenue +3% to $159 million.
- **Balance Sheet**: $211.8 million cash, $462.4 million debt, next debt maturity July 2027.

**【Q&A Highlights】**
- **2026 Guidance**: Low single-digit revenue growth, with price increases offsetting tariffs and fuel costs. Residential recovery delayed to 2027 due to elevated mortgage rates.
- **Keystone Benefits**: Enhances Mid-Atlantic logistics, complements existing operations, and taps underserved markets in Pennsylvania/OHIO.
- **Fuel Costs**: Represent ~8% of COGS, with surcharges and alternative fuel investments mitigating impact. Recent oil price spikes may drive further price adjustments.
- **Capacity Expansion**: 2026 CapEx focused on cement grinding, aggregates, and vertically integrated facilities to support growth and returns.

Titan America S.A.(TTAM)-20260318-2025 Q4 Earnings call transcript

- **Revenue & Margin Growth**: Q3 2025 revenue $437M (+6% YoY), EBITDA $117M (+18% YoY), margin 26.7% (up 250bps). 
- **Segment Strength**: Florida EBITDA +16%, Mid-Atlantic +11%, driven by infrastructure and data center demand. 
- **Strategic Expansion**: Pre-certified lintel plant to launch 2027, aggregates capacity expansion driving 11.9% volume growth. 
- **2025 Guidance**: Full-year revenue 2-3% growth, modest EBITDA margin improvement. 
- **2026 Pricing**: Announced +$12/ton cement, +$3/ton aggregates, +$10-12/cu yd ready-mix, targeting 2026 margin expansion. 
- **Green Cement Progress**: 3-5% production low-carbon, used in high-performance concrete with strong adoption.

**【CEO Summary Section】**
- **Revenue Growth**: Q3 2025 revenue reached $437 million, up 6% YoY, driven by aggregates, cement, and ready-mix growth. Adjusted EBITDA rose 18% to $117 million, with margin expanding to 26.7% (up 250bps YoY). 
- **Segment Performance**: Florida segment revenue grew 4.3% to $263 million, EBITDA up 16.2% to $81 million. Mid-Atlantic revenue increased 9.4% to $174 million, EBITDA up 10.6% to $37 million. 
- **Strategic Initiatives**: Announced precast lintel plant certification, targeting 2027 launch. Expansion of Pennsuco aggregates capacity driving volume growth. 
- **Guidance Update**: Full-year 2025 revenue growth revised to 2-3%, with modest EBITDA margin improvement. 2026 price increases announced across all product lines, effective Jan 1, 2026. 

**【CFO Financial Commentary】**
- **Cash Flow**: Q3 free cash flow $68 million, year-to-date $94.4 million. Capital expenditures $120.4 million YTD, focused on capacity expansion and digital initiatives. 
- **Balance Sheet**: Net debt $269 million (0.71x trailing EBITDA), down from 1.21x at end-2024. Share premium distribution of $0.04 per share approved. 
- **Cost Management**: Mitigated cost headwinds (tariffs, labor, energy) through operational efficiency, maintaining margin expansion despite 1/3 industry exposure to soft residential market. 

**【Q&A Highlights】**
- **Project Backlogs**: Mid-Atlantic Q3 growth driven by released infrastructure and data center projects. Florida aggregates expansion supporting volume growth. 
- **Weather Impact**: Q4 2025 expected to benefit from easier comps (2024 hurricanes). Florida aggregates volumes up 11.9% YoY, offsetting Mid-Atlantic seasonal weakness. 
- **Precast Lintel**: First plant expected late 2026/early 2027, targeting 3-5% EBITDA contribution within 3 years. 
- **Tariffs**: Q3 impact ~$6 million, full-year ~$7.5-8 million. 
- **Green Cement**: 3-5% of production now low-carbon, used in high-performance concrete products with strong market adoption. 
- **2026 Outlook**: Price increases across all product lines (cement +$12/ton, aggregates +$3/ton), but residential recovery timing uncertain (expected H2 2026).

Titan America SA (TTAM) Q3 2025 Earnings Call Transcript

- **Resilient Q2 Results**: Adjusted EBITDA $99M, year-to-date margin 21.8%, despite weather and residential softness.
- **Strategic Growth**: +18% aggregates volume, new plants in high-growth markets, and Type 1T cement approvals.
- **Outlook Confirmed**: Mid-single-digit revenue growth driven by infrastructure and non-residential projects. Second half benefits from easier comps and strong order book.
- **Financial Strength**: Net debt 0.89x EBITDA, $0.40 dividend declared, and $26M free cash flow year-to-date.

**【CEO Summary Section】**
- **Resilient Q2 Results**: Despite weather challenges and residential market softness, the company delivered adjusted EBITDA of $99 million, with year-to-date EBITDA margin of 21.8%.
- **Strategic Investments**: Expanded aggregate capacity (18% YoY volume growth) and new ready mix plants in high-growth markets like Northern Virginia and Jacksonville. New Type 1T cement products approved for use in Florida.
- **Market Outlook**: Reaffirmed full-year guidance for mid-single-digit revenue growth, driven by infrastructure and non-residential projects. Order book strength in Mid Atlantic and Florida offset residential weakness.

**【CFO Financial Commentary】**
- **Revenue and EBITDA**: Q2 revenue $429 million (-1% YoY), adjusted EBITDA $99 million (-16% YoY) due to timing of maintenance outage and weather. Year-to-date EBITDA up 4.6% in Florida, down 17% in Mid Atlantic.
- **Segment Performance**: Florida aggregates volumes +18%, fly ash +19%; Mid Atlantic ready mix volumes -3.8% due to weather. Pricing maintained resilience across product lines.
- **Balance Sheet**: Net debt $323 million (0.89x EBITDA), free cash flow $26 million year-to-date. Dividend of $0.40 per share declared.

**【Q&A Highlights】**
- **Aggregates Growth**: Strong performance driven by new capacity in Florida and Mid Atlantic; fly ash volumes up 19% on low base. Second half aggregates growth expected to continue.
- **Tariffs Impact**: $1.2 million tariff-related costs in Q2, with no material impact on pricing or volumes.
- **2025 Outlook**: Second half growth driven by easier comps (2024 hit by three hurricanes) and strong order book in infrastructure and non-residential sectors. Residential recovery expected to lag due to high interest rates.
- **Type 1T Cement**: Testing commercial quantities in captive channels; demand from low-carbon projects like data centers and infrastructure.

Actual	0.21	0.19	0.28	0.31	0.24
Forecast	0.2143	0.1906	0.2957	0.3152	0.2494
Surprise	-2.01%	-0.31%	-5.31%	-1.65%	-3.77%

Actual	389.81M	392.44M	429.24M	436.85M	405.66M
Forecast	384.66M	388.35M	438.32M	440.09M	415.21M
Surprise	+1.34%	+1.05%	-2.07%	-0.74%	-2.30%

TTAM

TTAM fundamentals

TTAM Q4 2025 Earnings

Earnings Call

You can ask Aime

TTAM

TTAM fundamentals

TTAM Q4 2025 Earnings

Earnings Call

TTAM Earnings Call Summary for Q4/20255:00 PM on Mar 17, 2026

TTAM Earnings Call Summary for Q3/20255:00 PM on Nov 5, 2025

TTAM Earnings Call Summary for Q2/20255:00 PM on Jul 29, 2025

TTAM Earnings Call Summary for Q1/20255:00 PM on May 5, 2025

TTAM Earnings Call Summary for Q4/20248:00 AM on Mar 26, 2025

You can ask Aime