Titan America (TTAM) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, March 18, 2026 astatine 8:28 AM CDT 30 min read

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Tuesday, March 17, 2026 astatine 5 p.m. ET

• Chief Executive Officer — Vassilios Zarkalis

• Chief Financial Officer — Lawrence Wilt

Vassilios Zarkalis: Thank you, Dan. Good afternoon, everyone, and convey you for joining america contiguous for Titan America's Fourth Quarter and Full Year 2025 Financial Results Call. Before I get into the results, I privation to instrumentality a infinitesimal to invited Michael Bennett, who precocious joined Titan America arsenic Vice President, Investor Relations and Corporate Communications. We're precise pleased to person him connected the team. If you crook to Slide 4 successful the presentation, I'd similar to statesman by highlighting what rendered 2025 a historical transformative twelvemonth for Titan America marked by strategical milestones.

In 2025, Titan America joined the roster of companies that commercialized connected the New York Stock Exchange pursuing a beardown play of 11 years of achieving above-market show and demonstrating we are passionate astir providing innovative gathering materials and solutions that support beingness and property, amended the prime of life, make economical prosperity and link communities. Equally singular was our show successful 2025. In the operation materials marketplace that was affected by brushed request and economical uncertainty, Titan America delivered all-time precocious revenue, adjusted EBITDA, nett income and operating currency flows. This occurrence reflects the spot of our concern model, disciplined decision-making, skillful execution crossed our operations and an unwavering absorption connected serving our customers.

Titan America tin turn and outperform organically adjacent successful challenging environments. At the extremity of the year, we concluded negotiations to get the Keystone Cement Company and signed an statement successful aboriginal January 2026. This strategical inaugural marks a foundational concern successful Titan American's caller epoch of growth, represents an important measurement guardant successful advancing our semipermanent maturation strategy and reflects our disciplined attack to enlargement done M&A. Coming present to the specifics. The twelvemonth presented a mixed request environment. The residential assemblage remained challenging for yet different twelvemonth passim 2025 owed to persistently elevated owe rates and debased lodging affordability.

In contrast, robust request from nationalist assemblage projects driven by the Infrastructure Investment and Jobs Act and beardown backstage nonresidential construction, peculiarly successful information centers, manufacturing, logistics facilities and vigor projects supported our performance. Our markets proceed to payment from colonisation maturation and concern migration, peculiarly successful Florida and the Carolinas, and the information halfway marketplace remained exceptionally beardown with Virginia continuing to correspond the largest hyperscale information halfway marketplace successful the world. In the 4th quarter, we achieved 4% year-over-year gross maturation and 12% year-over-year adjusted EBITDA improvement. For the afloat year, we delivered grounds revenues, up astir 2% and grounds adjusted EBITDA of $390 million.