CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Titan America Q3 profit falls on higher costs, weak Florida demand

By Reuters News


Overview

  • U.S. building materials producer's Q3 revenue rose 5.7% yr/yr, driven by the Keystone acquisition

  • Q3 net income fell 31% and adjusted EBITDA declined 19% on higher costs, unfavorable weather and a plant outage

  • Company cites soft residential demand and cost headwinds, especially in Florida, as challenges


Outlook

  • Company expects mid-single-digit revenue growth for full-year 2026 vs 2025

  • Company anticipates 2026 Adjusted EBITDA Margin to decline by 250-300 basis points year over year

  • Updated outlook reflects market headwinds, unplanned maintenance outages and low pre-synergy contribution from Keystone


Result Drivers

  • HIGHER ENERGY AND MATERIALS COSTS - Co said increased energy and materials costs pressured margins and reduced profitability in Q3

  • UNPLANNED PLANT OUTAGE - Unplanned maintenance outage at Roanoke Cement plant reduced volumes and increased costs in the Mid-Atlantic segment

  • FLORIDA HEADWINDS - Soft residential demand, job-site labor constraints and record rainfall reduced construction activity and sales volumes in Florida


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$461.64 mln

Q3 EPS

$0.22

Q3 Net Income

$39.76 mln

Q3 Adjusted EBITDA

$94.99 mln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago


Reuters Recommended Reads

  • Nov 4 - Martin Marietta Q3 revenue beats estimates but profit misses on inflationary pressure

  • Nov 4 - Eagle Materials Q2 revenue beats estimates, helped by public infrastructure demand

  • Nov 3 - DuPont Q3 sales beat estimates, lifts 2026 profit outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.