Titan America SA (TTAM) SEC Filings & Earnings Calls
EquiReason read 14 Titan America SA SEC filings in the last 12 months. Latest: 6-K on 2026-08-12 — Capital increase of USD 108.76 via exercise of 10,876 subscription rights, issuing new shares at USD 0.01 each, resulting in minimal dilution..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 2.5B
- P/E TTM
- 14.1
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 11 Nov, in 18 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
12 Aug 20266-KCapital increase of USD 108.76 via exercise of 10,876 subscription rights, issuing new shares at USD 0.01 each, resulting in minimal dilution.share dilutionopen
Figures in the filing · each found in the filing text
| Capital increase amount | $108.76 | |
| New shares issued | 10,876 | |
| Total shares outstanding after increase | 184,373,341 | |
| Total capital after increase | $1.84B |
Risks flagged
Minimal dilution from subscription rights exercise; immaterial impact
“Only 10,876 new shares issued at $0.01 each, increasing capital by $108.76.”
28 Jul 20266-KTitan America Q2 2026 revenue $470.6M (+9.6% YoY), Adj EBITDA $100.7M (+1.3% YoY), beating expectations. Mid-Atlantic segment strong (+27% revenue), Florida impacted by maintenance outage. Keystone acquisition on track for $30M synergies byopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $471M | +10% y/y |
| Net Income · Q2-2026 | $43M | -15% y/y |
| Adjusted EBITDA · Q2-2026 | $101M | +1% y/y |
| Free Cash Flow · Q2-2026 | $20M | -15% y/y |
| Cash and cash equivalents · Q2-2026 | $36M | |
| Total Debt · Q2-2026 | $574M |
Risks flagged
Florida segment headwinds from maintenance outage and import logistics disruptions
“extended maintenance outage at the Pennsuco plant ... temporary import logistics disruptions” · word for word
Integration risk from Keystone acquisition
“Integration of Keystone Acquisition on schedule” · word for word
28 Jul 20266-KDeclaration of quarterly distribution of $0.04 per share from issue premium; no financial results or guidance.open
Figures in the filing · each found in the filing text
| Distribution per share · Q3-2026 | $0.04 |
5 May 20266-KDeclared Q2 2026 distribution of $0.04 per share from issue premium; routine dividend declaration.open
Figures in the filing · each found in the filing text
| Distribution per share · Q2-2026 | $0.04 |
5 May 20266-KRevenue $398.4M (+1.5% YoY); Adj. EBITDA $82.5M (+3.4%); reaffirmed FY2026 guidance; completed Keystone acquisition; residential demand stabilizing.open
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $398M | +2% y/y |
| Net Income · Q1-2026 | $33M | -1% y/y |
| Adjusted EBITDA · Q1-2026 | $83M | +3% y/y |
| Capital Expenditures · Q1-2026 | $32M | -2% y/y |
| Free Cash Flow · Q1-2026 | $30M | |
| Cash and cash equivalents · Q1-2026 | $228M | |
| Total debt · Q1-2026 | $455M |
Guidance
Low single digit revenue growth; modest Adj. EBITDA margin expansion
Reaffirmed FY2026 guidance; modest growth and margin expansion expected.
Risks flagged
Tariff and energy cost headwinds partially offset operational improvements.
“benefits from higher sales volumes and operating efficiencies more than offset the impact of higher energy costs and tariffs” · word for word
Residential sector inflection point pushed to 2027; uncertainty in housing recovery.
“residential sector inflection point being pushed into 2027” · word for word
1 May 20266-KTitan America closed acquisition of Keystone Cement Company, adding 990,000 short tons/year clinker capacity and >50 years mineral assets; expands Mid-Atlantic presence.acquisitionopen
Figures in the filing · each found in the filing text
| Clinker Production Capacity · Mid-Atlantic · point_in_time | $990000.00 |
Risks flagged
Integration risk of Keystone Cement; forward-looking statements caution about prolonged conflict in Iran affecting infrastructure spending.
“the integration of the Keystone Cement Company and a prolonged conflict in Iran negatively affecting infrastructure spending” · word for word
17 Apr 20266-KTitan America SA filed its 2025 annual accounts (Belgian GAAP) and convening notice for the general meeting. The filing includes balance sheet, director list, and auditor report. No material event or surprise identified.open
Figures in the filing · each found in the filing text
| Total assets · FY2025 | $3.30B | |
| Cash and current investments · FY2025 | $97M |
25 Mar 20266-KTitan America CEO letter reports record FY2025 revenue ($1.66B, +2%), net income ($185M, +12%), Adj. EBITDA ($390M, +5%), record operating cash flow ($295M), and announces Keystone Cement acquisition to expand capacity and geographic reach.open
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $1.66B | +2% y/y |
| Net Income · FY2025 | $185M | +12% y/y |
| Adjusted EBITDA · FY2025 | $390M | +5% y/y |
| Operating Cash Flow · FY2025 | $295M |
Risks flagged
Residential construction headwinds persist, but company outperformed.
“soft demand for heavy construction materials in residential end markets” · word for word
24 Mar 202620-FTitan America reported FY2025 results with 2% revenue growth, 5% Adjusted EBITDA growth, and significant deleveraging.earningsopen
Figures in the filing · each found in the filing text
| Free Cash Flow · FY2025 | $132M | +19% y/y |
| Net Debt · FY2025 | $251M | -44% y/y |
| Net Debt to Adjusted EBITDA · FY2025 | $0.60 | -50% y/y |
| Capital Expenditures · FY2025 | $163M | +19% y/y |
| External Cement Volumes · FY2025 | 4,196,000 | -2% y/y |
| External Aggregates Volumes · FY2025 | 4,646,000 | +37% y/y |
| External Ready-Mix Concrete Volumes · FY2025 | 4,594,000 | 0% y/y |
| Average Cement Selling Price · FY2025 | $149.29 | 0% y/y |
Risks flagged
Tariff exposure on imported cement
“Excluding an $8.3 million impact from tariffs implemented in 2025 under the U.S. International Emergency Economic Powers Act ("IEEPA").” · word for word
Foreign exchange volatility
“Net foreign exchange losses were $45.1 million for the fiscal year ended December 31, 2025 compared to a $20.8 million net gain for the fiscal year ended December 31, 2024, almost exclusively driven by the remeasurement of euro-denominated loan obligations as the U.S. dollar weakened against the Euro during the period.” · word for word
Energy cost inflation
“Energy and fuel costs increased by 3% year-over-year driven primarily by higher natural gas unit costs.” · word for word
17 Mar 20266-KTitan America SA declares a $0.04 per share distribution from issue premium for Q1 2026, a routine capital return event with no material change in operations or guidance.open
Figures in the filing · each found in the filing text
| Distribution per share · Q1-2026 | $0.04 |
17 Mar 20266-KTitan America reported record FY2025 revenue $1.66B (+1.8%), Net Income $185.4M (+11.7%), Adjusted EBITDA $389.7M (+5.2%); Q4 revenue $405.7M (+4.1%), Net Income $43.5M (+19.1%), Adj. EBITDA $93.7M (+12.2%); margins expanded; announced Keysopen
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $1.66B | +2% y/y |
| Net Income · FY2025 | $185M | +12% y/y |
| Adjusted EBITDA · FY2025 | $390M | +5% y/y |
| Capital Expenditures · FY2025 | $163M | +19% y/y |
| Revenue (Q4) · Q4-2025 | $406M | +4% y/y |
| Net Income (Q4) · Q4-2025 | $44M | +19% y/y |
| Adjusted EBITDA (Q4) · Q4-2025 | $94M | +12% y/y |
| Capital Expenditures (Q4) · Q4-2025 | $43M | +79% y/y |
| Cash and cash equivalents · FY2025 | $212M | |
| Total debt · FY2025 | $462M |
Risks flagged
Exposure to residential softness and tariff impacts in Mid-Atlantic region.
“Mid-Atlantic segment impacted by soft demand in Metro New York/New Jersey, tariffs, and weather.”
8 Jan 20266-KTitan America agreed to acquire Keystone Cement Company for $310M; expands Mid-Atlantic footprint with 990K short ton clinker capacity and >50 year mineral reserves.acquisitionopen
Figures in the filing · each found in the filing text
| Acquisition price · Q1-2026 | $310M | |
| Clinker production capacity · point_in_time | $990000.00 |
Risks flagged
Integration risk and regulatory approval required.
“Closing of the transaction is subject to regulatory approval and other customary conditions.” · word for word
5 Nov 20256-KTitan America revises FY2025 revenue growth guidance to 2-3% from prior expectation; Q3 results show revenue +6.2%, Adj EBITDA +18.3%, but residential end markets remain soft.open
Figures in the filing · each found in the filing text
| Revenue · Q3-2025 | $437M | +6% y/y |
| Net Income · Q3-2025 | $57M | +45% y/y |
| Adjusted EBITDA · Q3-2025 | $117M | +18% y/y |
| Capital Expenditures · Q3-2025 | $38M | -22% y/y |
| Cash and cash equivalents · Q3-2025 | $196M | |
| Total debt · Q3-2025 | $465M | |
| Net debt · Q3-2025 | $269M | |
| Free cash flow · 9M-2025 | $94M |
Guidance
Full-year 2025 revenue growth revised to 2-3% from prior expectations
Q3 results strong but full-year revenue guidance cut due to residential softness; margins improving.
Risks flagged
Residential end-market softness persists
“continued softness in residential end markets.” · word for word
Full-year revenue guidance cut indicates slower H2 growth
“We now expect full-year 2025 revenue growth to be in a range of two to three percent.” · word for word
Titan America SA — questions
- What did Titan America SA file recently?
- 14 SEC filings in the last 12 months. Latest: 6-K on 2026-08-12 — Capital increase of USD 108.76 via exercise of 10,876 subscription rights, issuing new shares at USD 0.01 each, resulting in minimal dilution.
Every figure on this page comes from Titan America SA's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.