Titan America SA ( (TTAM) ) has released its Q4 earnings. Here is a breakdown of the information Titan America SA presented to its investors.
Titan America SA is a leading vertically-integrated producer and supplier of building materials, services, and solutions in the construction industry, operating primarily along the U.S. East Coast. The company recently announced its record full-year 2024 financial results, marking its first earnings report as a public entity following a successful IPO in February 2025.
For the full year 2024, Titan America reported a revenue of $1.63 billion, a 2.7% increase from the previous year, and a net income of $166.1 million, up by 7.0%. The earnings per share also saw a rise to $0.95 from $0.89 in 2023. The company’s adjusted EBITDA grew significantly by 12.8% to $370.4 million, driven by operational efficiencies and cost reductions.
The Florida segment, a significant contributor to the company’s revenue, saw a 2.8% increase in revenue to $997.6 million, supported by strong demand in various product lines. The Mid-Atlantic segment also performed well, with a 2.5% revenue increase to $634.9 million, benefiting from infrastructure and construction projects in its key markets.
Looking forward, Titan America remains optimistic about its growth prospects in 2025, expecting mid-single-digit revenue growth and modest improvements in EBITDA margins. The company plans to continue leveraging its vertically integrated business model and comprehensive logistics network to adapt to market changes and drive profitability.