Titan America SA
NYSE:TTAM
Titan America SA
Titan America SA is a BE-based company operating in industry. The company is headquartered in Brussels, Bruxelles-Capitale. The company went IPO on 2025-02-07. Titan America SA is a Belgium-based company. The firm is a multi-regional manufacturer, vertically integrated, and supplier of heavy building materials and services. The company offers manufacturing, logistics and customer support capabilities that span across critical building materials and products. Its products are cement and aggregates, ready-mix concrete, concrete blocks, and other ancillary products. The firm is a provider of heavy building materials in Florida and the Mid-Atlantic and contributes to lower carbon emissions than traditional building materials and beneficial reuse of waste materials. The company contributes to lower carbon emissions than traditional building materials.
Titan America SA is a BE-based company operating in industry. The company is headquartered in Brussels, Bruxelles-Capitale. The company went IPO on 2025-02-07. Titan America SA is a Belgium-based company. The firm is a multi-regional manufacturer, vertically integrated, and supplier of heavy building materials and services. The company offers manufacturing, logistics and customer support capabilities that span across critical building materials and products. Its products are cement and aggregates, ready-mix concrete, concrete blocks, and other ancillary products. The firm is a provider of heavy building materials in Florida and the Mid-Atlantic and contributes to lower carbon emissions than traditional building materials and beneficial reuse of waste materials. The company contributes to lower carbon emissions than traditional building materials.
Revenue Growth: Titan America reported Q3 revenue of $437 million, up 6% year-over-year, with strength driven by higher volumes across aggregates, cement, and ready-mix businesses.
Margin Expansion: Adjusted EBITDA rose 18% to $117 million and adjusted EBITDA margin expanded by 250 basis points to 26.7%, reflecting strong operating leverage and cost management.
Guidance Update: Full-year 2025 revenue growth guidance was trimmed to 2–3%, reflecting first-half weather impacts and residential softness, but the company still expects modest improvement in EBITDA margins versus 2024.
Strong Cash Flow: Free cash flow reached $68 million in Q3, with year-to-date free cash flow at $94.4 million and net debt leverage improving to 0.71x.
Segment Highlights: Florida segment saw robust results from infrastructure and nonresidential markets, while Mid-Atlantic returned to growth, aided by backlog releases and better weather.
Strategic Initiatives: Titan announced its entry into the precast lintel market, with the first plant expected in late 2026 or early 2027, and outlined price increases for all product lines effective January 2026.
