Titan America Stock Price, News & Analysis

Titan America (NYSE: TTAM), a leading vertically-integrated producer of cement and building materials operating across the U.S. East Coast, has scheduled its Q1 2025 financial results announcement for May 5, 2025, after NYSE market close.

The company will host a conference call at 5:00 p.m. ET the same day to discuss the results, accompanied by a slide presentation. The call will be broadcast live via the Internet through Titan America's website investor section. An audio replay will remain available on the company website for 30 days following the broadcast.

Titan America (NYSE: TTAM) has announced the appointment of Jason Morin as the new President of its Florida Business Unit, succeeding Randy Dunlap who transitions to Executive Director, Growth & Strategy. Both will serve on Titan America's Executive Committee.

Morin will be based in Deerfield Beach, Florida, reporting to President & CEO Bill Zarkalis. He will oversee the Florida Business Unit, which includes the Pennsuco cement plant, 40 ready-mix plants, three quarries, eight concrete block plants, two fly ash plants, and various terminals.

Morin's extensive background includes military service, roles at General Electric, leadership positions at Holcim, executive roles at Summit Materials' Continental Cement, and CEO position at Black Mountain Sand. He holds a bachelor's degree from Clarkson University and an MBA from Missouri State University.

Titan America (NYSE: TTAM) has received the 2025 Concrete Innovations Award from the National Ready Mix Concrete Association for their innovative project at the Norfapeake Terminal in Chesapeake, VA. The project, completed between 2023-2024, showcased the successful implementation of Type IT cement, which reduces carbon impact by over 20% compared to ordinary portland cement.

The terminal upgrade included a 70,000-tonne cement storage dome and enhanced trucking and rail capacity. The project demonstrated the effectiveness of Type IT cement in challenging conditions, including exposure to brackish water, freeze-thaw cycles, and de-icing salts. The concrete mix incorporated ProAsh® fly ash and utilized AI-supported formulation techniques for improved performance.

Additionally, Roanoke Cement Company secured a $61.7 million grant from the US Department of Energy to develop a calcined clay product line for producing limestone calcined-clay cement (LC3), advancing their commitment to sustainable building materials.

Titan America (NYSE: TTAM) reported strong full-year 2024 financial results, with revenue reaching $1.63 billion, up 2.7% from 2023. The company achieved record performance with net income of $166.1 million, a 7.0% increase, and EPS of $0.95, up from $0.89 in 2023.

Key highlights include:

• Adjusted EBITDA of $370.4 million, up 12.8% from 2023
• Florida segment revenue of $997.6 million (+2.8%)
• Mid-Atlantic segment revenue of $634.9 million (+2.5%)

Q4 2024 showed some challenges with revenue at $389.8 million, down from $399.1 million in Q4 2023, primarily due to extreme weather events. The company completed its IPO in February 2025 and projects mid-single digit revenue growth for 2025 with modest EBITDA margin improvement.

Titan America (NYSE: TTAM), a leading vertically-integrated producer of cement and building materials operating across the U.S. East Coast, has scheduled its fourth quarter and full-year 2024 financial results announcement for March 26, 2025, before the NYSE market opening.

The company will host a conference call at 8:00 a.m. ET on the same day to discuss the results. The call will include a slide presentation and will be broadcast live via the Internet through Titan America's website. An audio replay will remain available on the company's website for 30 days following the call.

Titan America SA has successfully completed its Initial Public Offering (IPO) on the New York Stock Exchange under the ticker symbol TTAM. The company offered 24,000,000 common shares at $16.00 per share, comprising 9,000,000 new shares and 15,000,000 existing shares sold by parent company Titan Cement International SA.

Titan America received net proceeds of $136.8 million after deductions, which will fund capital expenditures, technology investments, growth strategies, and strategic acquisitions. Titan Cement International SA received $228 million in net proceeds and retains 87% ownership with 160,362,465 shares.

The IPO was managed by Citigroup and Goldman Sachs as joint lead book-runners, with BofA Securities, BNP Paribas, Jefferies, HSBC, Societe Generale, and Stifel serving as bookrunners.

Titan America has announced the pricing of its Initial Public Offering (IPO) of 24,000,000 common shares at $16.00 per share. The offering comprises 9,000,000 new shares from Titan America and 15,000,000 existing shares from parent company Titan Cement International SA.

Trading will commence on the New York Stock Exchange under ticker symbol TTAM on February 7, 2025, with closing expected on February 10, 2025. Titan America anticipates net proceeds of $136.8 million, earmarked for capital expenditures, growth strategies, and strategic acquisitions. Titan Cement International SA expects to receive $228 million in net proceeds.

Post-IPO, Titan Cement International SA will maintain majority ownership with 87% of total outstanding shares. Citigroup and Goldman Sachs are serving as joint lead book-running managers, alongside several other prominent financial institutions as bookrunners.