Titan America SA · Q1 2026 earnings

Briefing

Titan America Q1 2026: $398.4M revenue (+1.5%), $82.5M Adjusted EBITDA, Keystone deal closed

Titan America SA reported first-quarter 2026 results on May 5, 2026. Revenue rose 1.5% to $398.4 million from $392.4 million, net income was $33.0 million ($0.18 EPS) versus $33.4 million ($0.19), and Adjusted EBITDA grew 3.4% to $82.5 million. Operating cash flow was $61.6 million and free cash flow $29.7 million after $31.9 million of capex. Florida segment revenue was flat at $253.4 million with Adjusted EBITDA up to $72.6 million; Mid-Atlantic revenue grew 4.2% to $145.0 million with segment Adjusted EBITDA of $12.6 million. The company completed its acquisition of Keystone Cement Company on May 1, 2026, expanding Mid-Atlantic cement capacity. Cash was $228.2 million and net debt was $227.0 million (0.58x trailing Adjusted EBITDA). Management reaffirmed full-year 2026 guidance for low single-digit revenue growth and modest Adjusted EBITDA margin expansion.

• Revenue $398.4 million (+1.5% YoY); net income $33.0 million ($0.18 EPS); Adjusted EBITDA $82.5 million (+3.4%).
• Free cash flow $29.7 million on $61.6 million operating cash flow; net debt 0.58x trailing Adjusted EBITDA.
• Florida Adjusted EBITDA $72.6 million; Mid-Atlantic revenue $145.0 million (+4.2%) with Adjusted EBITDA $12.6 million.
• Completed Keystone Cement acquisition May 1, 2026, adding Mid-Atlantic production capacity and integration synergies.
• Reaffirmed FY2026 guidance for low single-digit revenue growth and modest Adjusted EBITDA margin expansion.

Headline financials

Revenue & EPS history

Titan America reaffirmed full-year 2026 guidance for low single-digit revenue growth on a like-for-like basis versus 2025, with modest expansion in Adjusted EBITDA margins, despite macro uncertainty and residential inflection pushed to 2027.