Titan America to Acquire Keystone Cement, Reports $405.7M Q4 Revenue
Titan America reported Q4 2025 net profit of $43.5 million on $405.7 million revenue and full-year revenue reached $1.66 billion with $185.4 million profit. The company agreed to acquire Keystone Cement Company to boost capacity in Ohio and Pennsylvania and announced 2026 pricing increases delayed to April.
1. Q4 Financial Performance
Titan America posted Q4 2025 net profit of $43.5 million on revenue of $405.7 million, marking a strong improvement over the prior year. Full-year revenue reached $1.66 billion with net income of $185.4 million, driven by robust infrastructure and private non-residential demand.
2. Keystone Cement Acquisition
The company entered an agreement to acquire Keystone Cement Company, adding a key facility in Ohio and Pennsylvania. This move expands its cement and fly ash production footprint and offers logistics synergies for shipments into the Washington D.C. market.
3. Pricing and Cost Management
Cement pricing pressures led Titan America to push its 2026 price increases—$12 per ton for cement, $10 per cubic yard for ready-mix, and $3 per ton for aggregates—to April. Fuel and energy costs, comprising roughly 8% of COGS, are being addressed through alternative fuel investments and surcharge mechanisms.
4. 2026 Outlook and Margin Expansion
Management expects stable infrastructure and private non-residential activity as 50% of IIJA funds have been deployed, with the remainder forecast over three years. Residential recovery is now seen in 2027, while digital transformation and operational excellence initiatives should drive modest EBITDA margin expansion.