The earnings call reflects a cautiously optimistic outlook with a mix of revenue growth and strategic expansion in the U.S. market, juxtaposed against profitability challenges in core segments due to ongoing market pressures. The company's focus on asset-light expansion and debt reduction are positive signs, but the current freight market volatility presents notable risks.
Company Guidance
During the Titanium Transportation Group's Q3 2024 earnings call, the company reported a revenue of $118 million, marking a 5% increase from Q3 2023, with a consolidated EBITDA of $10.3 million. The trucking segment generated $58 million in revenue with an EBITDA margin of 15.5%, while the logistics segment saw an 18.3% revenue increase to $61 million, with an EBITDA margin of 6.5%. The call highlighted a 24% U.S. revenue growth, attributed to the opening of a new freight brokerage office in Virginia. Despite market challenges, the company maintained its full-year revenue guidance of $440 million to $460 million and EBITDA margins of 8% to 10%, focusing on cost management, technology-driven solutions, and strategic U.S. market expansion.
Revenue Growth
Titanium Transportation Group reported $118 million in revenue for Q3 2024, marking a 5% increase over Q3 2023.
Logistics Segment Expansion
The Logistics segment showed strong performance with volume growth of 24% and a revenue increase of 18.3% compared to Q3 2023, reaching $61 million.
U.S. Market Expansion
U.S. revenue increased by 24% in Q3 2024. The company opened its eighth U.S. location in Virginia to expand its asset-light model and target strategic markets.
Debt Reduction
Titanium reduced its net debt by over $12 million in Q3 2024 using free cash flow from asset sales.
Dividend Maintained
The company declared a dividend of $0.02 per common share, reflecting confidence in its earnings outlook.
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Titanium Transportation (TSE:TTNM) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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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TSE:TTNM Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 11, 2024
C$2.08
C$2.08
0.00%
Aug 12, 2024
C$2.02
C$1.94
-3.96%
May 13, 2024
C$2.21
C$2.16
-2.26%
Mar 19, 2024
C$2.52
C$2.42
-3.97%
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 Titanium Transportation (TSE:TTNM) report earnings?
Titanium Transportation (TSE:TTNM) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is Titanium Transportation (TSE:TTNM) earnings time?
Titanium Transportation (TSE:TTNM) earnings time is at Mar 11, 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.