Titan America SA announced its second quarter 2025 financial results. The company reported revenue of $429.2 million, compared to $433.1 million in the second quarter of 2024. Revenues were affected primarily by adverse weather conditions in the quarter, especially in the Mid-Atlantic segment, and continued softness in residential markets.
Net Income was $51.1 million, compared to $60.3 million in the second quarter of 2024. The decrease in net income was primarily driven by the timing of planned major maintenance activities at its Pennsuco cement plant and lower demand for construction materials associated with inclement weather and softness in residential end markets.
The Florida segment generated revenues of $260.8 million in the second quarter of 2025, compared to $257.6 million in the year-ago period. The 1.2% year-over-year increase was primarily due to higher aggregates volumes, which were partially offset by continued weakness in demand for cement, ready-mix concrete and concrete block.
The Mid-Atlantic segment generated revenues of $168.5 million in the second quarter, compared to $175.1 million in the prior year quarter, as adverse weather conditions led to lower sales volumes.
“We delivered resilient financial performance in the second quarter, demonstrating the strength of our vertically integrated business model in the face of uncertain economic conditions and challenging weather conditions in the Mid-Atlantic region of our country,” said Bill Zarkalis, president and CEO of Titan America. “As expected, our second quarter financial results, when compared to the year-ago period, were adversely impacted by the timing of planned major maintenance activities at our Pennsuco cement plant. Looking ahead, we see favorable long-term fundamentals driven by infrastructure investments and resilient urbanization trends along the U.S. Eastern Seaboard – factors that position us well for future growth and enhanced shareholder value.”
Regarding Titan America’s outlook, Zarkalis stated, “We are reaffirming our full-year 2025 outlook based on the strength of our order book and an expected return to more normal weather patterns as compared to the second half of 2024 when our operations were severely impacted by three significant hurricanes. Under this assumption, we expect revenue growth in the mid-single digit percent range, with modest improvement in Adjusted EBITDA margins compared to 2024.”
