Titan America Reports Q2 Earnings with Revenue Growth Amid Operational Challenges
Titan America (NYSE:TTAM) reported second-quarter revenue growth of 9.6% to $471 million, driven by the acquisition of Keystone Cement Company and strong demand in the Mid-Atlantic region. Adjusted EBITDA rose modestly to $101 million but saw a margin decline due to operational costs and one-time charges. The company's Florida segment faced challenges including maintenance shutdowns, import disruptions, and weak residential construction activity, which reduced adjusted EBITDA by about $11 million year-over-year. Titan raised its 2026 revenue growth outlook to high-single-digit but expects a slight decline in EBITDA margins. Looking ahead, the company is targeting at least $30 million annually from Keystone synergies and plans further investment in Pennsylvania for fly ash recycling operations expected by Q3 2027. Management also highlighted growing data center construction activity in Virginia as an opportunity.
Tickers: $TTAM
Topics: acquisition_impact adjusted_ebitda guidance_update revenue_growth segment_performance