Quarterly ResultJul 28, 2026, 04:18 PM
Titan America Q2 Revenue +9.6% to $470.6M; Net Income Down 15.4%
AI Summary
Titan America announced its second quarter 2026 financial results, reporting a 9.6% increase in revenue to $470.6 million, primarily driven by strong performance in the Mid-Atlantic region and the Keystone acquisition. However, net income decreased by 15.4% to $43.3 million, and EPS fell to $0.23. Adjusted EBITDA saw a modest 1.3% increase to $100.7 million. The company also updated its full-year 2026 outlook to include the Keystone acquisition, projecting high single-digit revenue growth but a modest decline in Adjusted EBITDA margin.
Key Highlights
- Q2 2026 revenue increased 9.6% to $470.6 million.
- Net income for Q2 2026 decreased 15.4% to $43.3 million.
- Adjusted EBITDA rose 1.3% to $100.7 million in Q2 2026.
- Mid-Atlantic segment revenue grew 27.0% to $214.0 million, with Adjusted EBITDA up 30.0%.
- Florida segment revenue declined 1.6% to $256.7 million, with Adjusted EBITDA down 18.6%.
- Keystone acquisition integration is on schedule, targeting $30 million in annual synergies by 2029.
- Free cash flow for six months ended June 30, 2026, was $49.7 million, up 90.5%.
- Updated 2026 outlook projects high single-digit revenue growth and a modest Adjusted EBITDA margin decline.
Price Impact
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