Titan America (NYSE:TTAM) Announces Earnings Results

Titan America (NYSE:TTAM) posted its earnings results on Wednesday. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.15), FiscalAI reports. Titan America had a net margin of 9.19% and a return on equity of 15.10%. The firm had revenue of $461.64 million for the quarter. During the same period last year, the firm earned $0.31 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year.

Here are the key takeaways from Titan America’s conference call:

• Third-quarter profitability fell despite revenue growth: Revenue rose 5.7% to $462 million, but adjusted EBITDA declined 18.6% to $95 million and adjusted EBITDA margin fell to 20.6%, pressured by higher energy and material costs, a Roanoke Cement outage, and weaker Florida activity.
• Florida remained a significant drag: Lower residential demand, job-site labor shortages, record September rainfall, and softer cement and block pricing contributed to lower segment revenue and a 24.4% adjusted EBITDA margin, versus 30.8% a year earlier. Mid-Atlantic revenue grew with Keystone’s contribution, though the Roanoke outage and import disruptions weighed on cement volumes.
• 2026 outlook reflects continued pressure: Titan America now expects mid-single-digit revenue growth, including Keystone, and an adjusted EBITDA margin decline of approximately 250–300 basis points year over year, citing market conditions and outage impacts.
• Cost savings and pricing actions could support recovery: Project Cornerstone has delivered about $20 million in 2026 benefits, with more than $50 million in annual run-rate benefits targeted by 2029. The company also expects price-cost catch-up in 2027 and announced January 1 price increases across several product lines.
• Management highlighted longer-term growth initiatives: Titan is targeting at least $30 million of annual Keystone-specific synergies by 2029, while a new Tampa berth expands terminal capacity, supply flexibility, and potential cost efficiency.

Titan America Price Performance

Shares of TTAM stock traded down $0.17 during midday trading on Friday, reaching $11.51. 339,513 shares of the company were exchanged, compared to its average volume of 295,122. The company’s 50 day moving average price is $13.89 and its two-hundred day moving average price is $15.96. The company has a market cap of $2.12 billion, a P/E ratio of 13.24, a PEG ratio of 1.26 and a beta of 1.06. Titan America has a 12 month low of $11.33 and a 12 month high of $19.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 2.08.

Titan America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 11th. Shareholders of record on Friday, December 18th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, December 18th. Titan America’s payout ratio is 16.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Citigroup cut their price target on Titan America from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Weiss Ratings lowered Titan America from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, October 20th. Stifel Nicolaus lowered their target price on Titan America from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, October 28th. Finally, Zacks Research downgraded Titan America from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.10.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TTAM. State of Alaska Department of Revenue acquired a new stake in shares of Titan America in the third quarter valued at $106,000. ARGA Investment Management LP acquired a new position in Titan America during the third quarter worth about $276,000. Keybank National Association OH grew its holdings in Titan America by 11.9% during the first quarter. Keybank National Association OH now owns 23,500 shares of the company’s stock worth $352,000 after acquiring an additional 2,500 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Titan America in the first quarter worth about $375,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Titan America by 3.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 26,946 shares of the company’s stock valued at $404,000 after acquiring an additional 920 shares during the last quarter.

Titan America Company Profile

Titan America is a building materials company that produces and supplies cement, ready-mix concrete, aggregates and other construction products. Its materials are used in residential, commercial, infrastructure and other construction projects.

The company operates cement manufacturing facilities, distribution terminals, aggregate quarries and ready-mix concrete plants. Its product portfolio also includes concrete masonry products and related materials used by contractors, concrete producers and construction companies.

Titan America serves customers primarily across the eastern and southeastern United States, with operations and distribution capabilities covering markets including Florida, Virginia, the Carolinas, the Mid-Atlantic and the Northeast.