Titan America Announces Record Full-Year 2024 Results
Titan America SA (NYSE: TTAM), a leading fully-integrated producer and supplier of building materials, services and solutions in the construction industry operating along the U.S. East Coast, today announced its fourth-quarter and full-year 2024 financial results. Titan America SA, including its wholly-owned operating subsidiary, Titan America LLC, shall be referred to herein as “Titan America.”
Full-Year 2024 Highlights
- Revenue of $1,634.4 million, up 2.7% from 2023
- Net Income of $166.1 million, up 7.0% from 2023
- Earnings per share of $0.95, up from $0.89 in 2023
- Adjusted EBITDA1 of $370.4 million, up 12.8% from 2023
Fourth-Quarter 2024 Highlights
- Revenue of $389.8 million, compared to $399.1 million in Q4 2023
- Net Income of $36.5 million, compared to $45.4 million in Q4 2023
- Earnings per share of $0.21, compared to $0.26 in Q4 2023
- Adjusted EBITDA of $83.5 million, compared to $87.2 million from 2023
“In our first earnings announcement as a public company, we are pleased to report strong full-year financial results, while continuing to invest in Titan America’s future growth,” said Bill Zarkalis, President & CEO of Titan America. “Our uniquely vertically integrated business model, comprehensive logistics network, and strategic positioning led to record full-year 2024 results, with our sales volumes outperforming the broader market. We’re confident about the long-term secular trends in our markets, including infrastructure modernization, resilient urbanization, and manufacturing reshoring along the Eastern Seaboard of the United States. Looking ahead, we are poised for another solid year of growth and enhanced profitability in 2025.”
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