Quarterly ResultMay 5, 2026, 04:25 PM
Titan America Q1 Revenue $398.4M, Adj. EBITDA +3.4%; Reaffirms Guidance
AI Summary
Titan America announced its first quarter 2026 financial results, reporting a 1.5% increase in revenue to $398.4 million and a 3.4% rise in Adjusted EBITDA to $82.5 million. However, net income slightly decreased by 1.1% to $33.0 million. The company reaffirmed its full-year 2026 guidance, anticipating low single-digit revenue growth and modest Adjusted EBITDA margin expansion. Additionally, Titan America completed the acquisition of Keystone Cement Company on May 1, 2026, an investment expected to accelerate top-line growth and improve operating margins.
Key Highlights
- Completed acquisition of Keystone Cement Company on May 1, 2026.
- Q1 2026 Revenue increased 1.5% to $398.4 million from $392.4 million in Q1 2025.
- Q1 2026 Net Income was $33.0 million, a 1.1% decrease from $33.4 million in Q1 2025.
- Q1 2026 Adjusted EBITDA rose 3.4% to $82.5 million from $79.8 million in Q1 2025.
- Florida segment revenue was $253.4 million (+0.1%) and Adjusted EBITDA was $72.6 million (+2.5%).
- Mid-Atlantic segment revenue was $145.0 million (+4.2%) and Adjusted EBITDA was $12.6 million (+16.0%).
- Free cash flow for Q1 2026 was $29.7 million, significantly up from $2.7 million in Q1 2025.
- Net debt as of March 31, 2026, was $227.0 million, with a Net Debt to Adjusted EBITDA ratio of 0.58x.