Titan America reports Q2 EPS 28c, consensus 31c

Reports Q2 revenue $429.2M, consensus $438.32M. “We delivered resilient financial performance in the second quarter, demonstrating the strength of our vertically integrated business model in the face of uncertain economic conditions and challenging weather conditions in the Mid-Atlantic region of our country,” said Bill Zarkalis, President & CEO of Titan America (TTAM). “As expected, our second quarter financial results, when compared to the year ago period, were adversely impacted by the timing of planned major maintenance activities at our Pennsuco cement plant. Looking ahead, we see favorable long-term fundamentals driven by infrastructure investments and resilient urbanization trends along the US Eastern Seaboard – factors that position us well for future growth and enhanced shareholder value.”