TITAN AMERICA

Titan America, a vertically integrated cement and building materials producer, trades near ~8x 2025 EBITDA after reducing net leverage to 0.58x and generating $295m operating cash flow. The Keystone Cement acquisition for $310m is the central bullish catalyst; integration and higher utilization could raise Keystone EBITDA from ~$9.7m to ~$31m and compress the effective purchase multiple toward ~10x by 2028. Management excludes Keystone from guidance, leaving unmodeled earnings upside; combined margin expansion, capacity optimization and disciplined deleveraging could drive rerating and sustained free cash flow generation. » More on finance.yahoo.com

Titan America posted slight revenue growth in Q1 2026 (+1.5%) and adjusted EBITDA of $83 million, but missed analyst expectations with revenue of $398 million and EPS of $0.18. The company highlighted improved margins (adjusted EBITDA margin 20.7%), a strong increase in operating cash flow and a reduction in net leverage to 0.58x. Strategic drivers included the acquisition of Keystone Cement and the opening of an innovation center in South Florida; the board also approved a quarterly dividend of $0.04 per share. Titan America reiterated its full-year outlook on a comparable basis, while citing integration risks from the acquisition and macroeconomic headwinds as challenges. » More on de.investing.com

Titan America reported Q4/2025 EPS of $0.24 (expectation $0.25) and revenue of $405.7m (consensus $415.2m), while 2025 results hit records for revenue ($1,664m), net income ($185m) and adjusted EBITDA ($390m). The company generated $295m of operating cash flow and reduced net leverage from 1.21x to 0.64x of adjusted EBITDA, supported by $132m of free cash flow and $135m of IPO proceeds. Titan America announced the acquisition of Keystone Cement for $310m and plans further investments in logistics and capacity while returning a capital distribution of $0.04 per share. For 2026 it expects low single-digit revenue growth and slight margin expansion, but weak single-family housing, rising energy costs and downward analyst revisions weigh on the near-term outlook. » More on de.investing.com