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Titan Cement International N.V. (TTCIF)
:TTCIF
RESEARCH TOOLSreports
Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.97Last Year’s EPS
1Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 18.78%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive sentiment, with strong financial performance in Q1 2024, a substantial dividend increase, and strategic expansion plans, particularly in the U.S. However, challenges such as weather impacts in the U.S., increased electricity costs in Greece, and currency issues in East Med present potential hurdles.Company Guidance
During the Titan Cement Group's Q1 2024 earnings call, the executives announced a robust start to the year with several key metrics underscoring their performance. The company reported a 6.1% increase in sales, reaching EUR 623.7 million, while EBITDA grew by 2.5% to EUR 109.8 million. Net profit saw an 18% rise, amounting to EUR 52.4 million, driven by higher EBITDA levels and decreased finance costs. The net debt stood at EUR 684 million with a leverage ratio of 1.2x. The call also highlighted a significant 42% increase in the dividend payout, from EUR 0.6 per share to EUR 0.85 per share. Looking ahead, the executives expressed optimism for continued growth, driven by strong order books and a strategic focus on expanding their U.S. business, which reported $401 million in sales. Additionally, plans were shared for an IPO of a minority stake in Titan America, with the aim of raising funds to support further growth and development.Dividend Increase
Titan Cement Group announced a 42% dividend increase from EUR 0.6 to EUR 0.85 per share based on 2023 results.
Strong Q1 2024 Financial Performance
Sales reached EUR 623.7 million, a 6.1% increase year-on-year. EBITDA grew by 2.5% to EUR 109.8 million, and net profit after taxes and minorities increased by 18% to EUR 52.4 million.
Positive Outlook for 2024
The company maintains a favorable outlook for 2024, driven by sales growth, increased volumes, sustained pricing, and higher profitability.
Expansion Plans in the U.S.
Titan Cement plans to list a minority stake of its U.S. business through an IPO in early 2025 to fund growth and accelerate development.
Digital and Decarbonization Efforts
The company is advancing in digital projects and decarbonization efforts, including a prefeasibility study for carbon capture in Europe and a new calcining technology in the U.S.
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TTCIF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TTCIF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $36.59 | $36.60 | +0.03% |
| Jul 31, 2024 | $34.97 | $35.50 | +1.52% |
| May 08, 2024 | $32.84 | $31.91 | -2.83% |
| Mar 13, 2024 | $27.73 | $27.45 | -1.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Titan Cement International N.V. (TTCIF) report earnings?
Titan Cement International N.V. (TTCIF) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Titan Cement International N.V. (TTCIF) earnings time?
Titan Cement International N.V. (TTCIF) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TTCIF EPS forecast?
TTCIF EPS forecast for the fiscal quarter 2024 (Q4) is 0.97.
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