📈 Price History

Ratio Health

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By Category

📊 Peer Medians

About

Titan America SA, through its subsidiaries, manufactures and supplies heavy building materials and services in the United States. The company offers cement and cementitious materials, ready-mix concrete, aggregates, concrete blocks, fly ash, and other ancillary products. It also engages in trading, real estate holdings, insurance brokerage, and transportation brokerage activities. The company was founded in 1989 and is based in Brussels, Belgium. Titan America SA operates as a subsidiary of Titan Cement International S.A.

Key Ratios Snapshot

📈 Growth Pattern

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🔍 Concall Decoded

🎙 Management Tone Tracker Mixed ↓ Deteriorating 4 quarters analysed

Q2 2025

Confident Specific

Management used phrases like 'delivered resilient results', 'well positioned to capture emerging opportunities', and 'reaffirming our full-year 2025 outlook' with specific figures for volume changes and segment EBITDA, despite acknowledging weather and residential headwinds.

Q3 2025

Confident Specific

Management used specific figures like 6% revenue growth, 18% EBITDA growth, $68M free cash flow, and highlighted operational excellence and cost management. However, they also updated full-year revenue guidance downward to 2%-3% growth, showing cautiousness on residential recovery.

Q4 2025

Confident Specific

Management repeatedly used specific superlatives like 'all-time high revenue, Adjusted EBITDA, net income, and operating cash flows' and 'record full-year Adjusted EBITDA in 2025', while also acknowledging headwinds such as 'soft demand' and 'challenging environment'.

Q1 2026 latest

Mixed

Management expressed confidence in Q1 results (revenue +1.5%, adjusted EBITDA +3.4%) and reaffirmed full-year guidance, but also used cautious language like 'challenging environment', 'increased uncertainty', and acknowledged continued residential softness and geopolitical risks.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears modestly stronger after this call. Titan America demonstrated resilience by growing revenue and EBITDA despite residential softness and winter weather, and reaffirmed full-year guidance. The Keystone acquisition offers a high-upside synergy story, though near-term margin details remain vague. Cash flow improved significantly, and the balance sheet is strong with 0.58x leverage. Key watch items for next quarter: Keystone integration progress, pricing traction in April/May, and any impact from energy inflation on margins. The residential downturn may persist into 2027, making non-res and infrastructure demand critical to offset.

AI-generated concall tone analysis · Updated 2026-06-09 · Not investment advice

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🎙 Management Tone Mixed ↓ Deteriorating 4 quarters Full tone analysis in Intelligence →

📊 MIXED Titan America Q1 revenue $398M, adjusted EBITDA $83M, margin 20.7%

Revenue & Profitability

Revenue grew 1.5% year-over-year to $398 million. Adjusted EBITDA was $83 million (up 3.4%), with margin of 20.7% (up 40 bps). Net income was $33 million (flat YoY). Operating cash flow improved to $62 million from $35 million, and free cash flow was $30 million.

Outlook

Management sees headwinds from harsh winter weather, continued residential softness, geopolitical uncertainty (Iran conflict), and energy cost inflation. Tailwinds include infrastructure, private non-residential construction, data centers, and remodeling/renovation. Residential recovery may be delayed to 2027. Full-year 2026 guidance reaffirmed: low single-digit revenue growth and modest margin expansion (excluding Keystone).

Growth Drivers

Growth is driven by Florida's infrastructure and non-residential strength, Mid-Atlantic data center and infrastructure projects, the Keystone acquisition (expanding into PA, OH, DE, MD), and innovative products (AI-driven concrete, sustainable solutions). Pricing increases implemented in April in stronger markets.

Balance Sheet & CapEx

Q1 net CapEx was $32 million, focused on increasing domestic cement and aggregates capacity, improving logistics, and downstream channels. The Keystone acquisition was funded with cash and a new term loan. Investments include AI-driven predictive maintenance, real-time optimizers, and an alternative fuels project in Florida.

Margins

Adjusted EBITDA margin improved 40 bps to 20.7% (Q1 2025: 20.3%). Florida segment margin expanded to 28.6% from 27.9%, and Mid-Atlantic margin improved to 8.7% from 7.8%. Margin improvement driven by cost discipline, operating efficiencies, and pricing. Full-year guidance calls for modest margin expansion despite energy inflation.

Key Risks

Key risks flagged include geopolitical uncertainty from the Iran conflict leading to fuel/energy cost inflation, continued residential market softness, adverse winter weather, tariffs, higher import costs, and potential ocean freight volatility. Management stated these are incorporated in the reaffirmed guidance.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-28

Revenue grew 9.6% year-over-year in Q2 2026, with strong Mid-Atlantic performance offsetting Florida headwinds from maintenance and import disruptions. Keystone Cement acquisition expands reach and is expected to deliver $30 million in annual synergies by 2029.

Q1 2026 Q1 2026 2026-05-06

Q1 2026 saw revenue and adjusted EBITDA growth despite residential softness and inflationary pressures. The Keystone Cement acquisition expands reach and integration, while guidance for 2026 is reaffirmed with expectations of modest growth and margin expansion.

Q4 2025 Q4 2025 2026-03-17

Record 2025 results with all-time high revenue, EBITDA, and net income, driven by strong infrastructure and non-residential demand. 2026 guidance anticipates modest growth amid continued residential softness, with strategic expansion via the Keystone Cement acquisition.

Q3 2025 Q3 2025 2025-11-05

Q3 2025 saw 6% revenue growth, 18% higher adjusted EBITDA, and 45% net income growth year-over-year, with strong performance in both Florida and Mid-Atlantic segments. Updated 2025 guidance calls for 2%-3% revenue growth and modest margin improvement, while strategic investments and price increases are set to support future growth.

Q2 2025 Q2 2025 2025-07-29

Q2 2025 saw resilient results despite weather and residential softness, with strong aggregates and fly ash growth offsetting declines in other product lines. Guidance for mid-single-digit revenue growth and margin improvement is reaffirmed, supported by a robust order book and strong infrastructure demand.

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