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Highlights

  • Titan America’s 2024 revenue reached $1.63 billion, reflecting a 2.7% increase from 2023
  • Adjusted EBITDA improved 12.8% year-over-year to $370.4 million for the full year
  • Fourth-quarter revenue declined slightly due to weather disruptions along the East Coast

Titan America SA (NYSE: TTAM), a prominent producer of building materials and services along the U.S. East Coast, has reported its financial results for the fourth quarter and full-year 2024. The company, including its operating subsidiary Titan America LLC, generated revenue of $1.63 billion in 2024, marking a 2.7% increase from the previous year. This growth was driven by higher product pricing and sales volume growth, particularly in downstream product lines.

Net income for the full year was $166.1 million, reflecting a 7.0% increase compared to 2023. Earnings per share (EPS) for the year amounted to $0.95, a rise from $0.89 in 2023. Adjusted EBITDA for 2024 was $370.4 million, an increase of 12.8% from the prior year, largely due to operational efficiencies and cost reductions in material, energy, and fuel. As a result, Titan America’s adjusted EBITDA margin improved by 210 basis points to 22.7%.

However, the company faced challenges in the fourth quarter, with revenues of $389.8 million, down from $399.1 million in Q4 2023. The decrease was attributed to severe weather disruptions along the East Coast, which affected key markets.

For the full year, the Florida segment reported $997.6 million in revenue, while the Mid-Atlantic segment generated $634.9 million. Both segments experienced year-over-year growth. Despite some challenges in the fourth quarter, Titan America remains optimistic about its strategic positioning and outlook for 2025.