Titan America (NYSE:TTAM) Releases Earnings Results, Misses Expectations By $0.15 EPS

Titan America (NYSE:TTAM) posted its quarterly earnings results on Wednesday. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.15), FiscalAI reports. Titan America had a return on equity of 17.03% and a net margin of 10.35%. The company had revenue of $461.64 million during the quarter. During the same quarter in the previous year, the business earned $0.31 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year.

Here are the key takeaways from Titan America’s conference call:

• Third-quarter profitability fell despite revenue growth: Revenue rose 5.7% to $462 million, but adjusted EBITDA declined 18.6% to $95 million and adjusted EBITDA margin fell to 20.6%, pressured by higher energy and material costs, a Roanoke Cement outage, and weaker Florida activity.
• Florida remained a significant drag: Lower residential demand, job-site labor shortages, record September rainfall, and softer cement and block pricing contributed to lower segment revenue and a 24.4% adjusted EBITDA margin, versus 30.8% a year earlier. Mid-Atlantic revenue grew with Keystone’s contribution, though the Roanoke outage and import disruptions weighed on cement volumes.
• 2026 outlook reflects continued pressure: Titan America now expects mid-single-digit revenue growth, including Keystone, and an adjusted EBITDA margin decline of approximately 250–300 basis points year over year, citing market conditions and outage impacts.
• Cost savings and pricing actions could support recovery: Project Cornerstone has delivered about $20 million in 2026 benefits, with more than $50 million in annual run-rate benefits targeted by 2029. The company also expects price-cost catch-up in 2027 and announced January 1 price increases across several product lines.
• Management highlighted longer-term growth initiatives: Titan is targeting at least $30 million of annual Keystone-specific synergies by 2029, while a new Tampa berth expands terminal capacity, supply flexibility, and potential cost efficiency.

Titan America Price Performance

TTAM stock traded down $2.38 during mid-day trading on Thursday, reaching $11.92. 736,763 shares of the company traded hands, compared to its average volume of 293,201. Titan America has a 52-week low of $11.82 and a 52-week high of $19.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.08 and a quick ratio of 1.17. The company has a market capitalization of $2.20 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.21 and a beta of 1.06. The company has a fifty day moving average price of $13.96 and a 200-day moving average price of $15.99.

Titan America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 11th. Shareholders of record on Friday, December 18th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, December 18th. Titan America’s payout ratio is presently 16.67%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TTAM. State of Alaska Department of Revenue purchased a new position in Titan America in the third quarter worth $106,000. ARGA Investment Management LP purchased a new stake in Titan America during the third quarter valued at about $276,000. Keybank National Association OH raised its position in Titan America by 11.9% during the first quarter. Keybank National Association OH now owns 23,500 shares of the company’s stock valued at $352,000 after purchasing an additional 2,500 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Titan America during the first quarter worth about $375,000. Finally, PNC Financial Services Group Inc. lifted its stake in Titan America by 3.5% during the first quarter. PNC Financial Services Group Inc. now owns 26,946 shares of the company’s stock worth $404,000 after purchasing an additional 920 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup lowered their target price on Titan America from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Zacks Research downgraded Titan America from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. Weiss Ratings lowered Titan America from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, October 20th. Finally, Stifel Nicolaus lowered their price objective on Titan America from $19.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, October 28th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Titan America presently has a consensus rating of “Hold” and an average price target of $18.10.

Titan America Company Profile

Titan America is a building materials company that produces and supplies cement, ready-mix concrete, aggregates and other construction products. Its materials are used in residential, commercial, infrastructure and other construction projects.

The company operates cement manufacturing facilities, distribution terminals, aggregate quarries and ready-mix concrete plants. Its product portfolio also includes concrete masonry products and related materials used by contractors, concrete producers and construction companies.

Titan America serves customers primarily across the eastern and southeastern United States, with operations and distribution capabilities covering markets including Florida, Virginia, the Carolinas, the Mid-Atlantic and the Northeast.