Recent Updates — TTAM
Titan America SA reported second quarter 2026 revenue of $470.6 million, a 9.6% increase year-over-year, driven by the acquisition of Keystone Cement and strong performance in the Mid-Atlantic segment. Net income decreased 15.4% to $43.3 million, while adjusted EBITDA rose 1.3% to $100.7 million. The company updated its full-year 2026 outlook to expect high single-digit revenue growth and a modest decline in adjusted EBITDA margin. Integration of the Keystone acquisition is on schedule, with targeted annual run-rate synergies of at least $30 million by 2029. As of June 30, 2026, the company held $36.4 million in cash and $574.1 million in total debt, resulting in a net debt to adjusted EBITDA ratio of 1.37x. Titan America SA is a vertically integrated producer and supplier of building materials, services, and solutions in the construction industry operating along the U.S. East Coast.
Titan America SA declared a distribution of $0.04 per common share for the third quarter of 2026, funded from available issue premium. The payment is scheduled for October 9, 2026, to shareholders of record as of October 1, 2026. Future distributions remain at the Board's discretion, subject to shareholder approval and financial conditions. Titan America is a leading vertically-integrated producer of cement and building materials in the U.S. East Coast.