Shares of Titan America (TTAM) surged 13.72% in pre-market trading on Wednesday, following the company's announcement of record full-year 2024 financial results and a positive outlook for 2025.

The leading vertically-integrated producer of cement and building materials reported strong performance across key metrics for 2024. Titan America's revenue increased by 2.7% to $1.63 billion, while net income rose 7.0% to $166.1 million. The company also reported an impressive 12.8% growth in Adjusted EBITDA, reaching $370.4 million.

Investors were particularly encouraged by Titan America's 2025 outlook. President & CEO Bill Zarkalis stated, "We expect market demand for construction materials and the pricing environment to remain positive, and in conjunction with our operating efficiency efforts, to drive improvements in margins." The company anticipates revenue growth in the mid-single digit percentage range for 2025, with a modest improvement in EBITDA margins compared to 2024.

The strong financial results and optimistic forward guidance have boosted investor confidence in Titan America's growth prospects, driving the significant pre-market stock price increase. As the U.S. construction industry continues to show resilience, Titan America's strategic positioning along the East Coast and its focus on infrastructure modernization and urbanization projects appear to be resonating well with the market.