Good afternoon, thank you for joining us. I am Chloe, your conference call operator. Welcome to Titan America's second quarter 2026 conference call. All participants will be in a listen-only mode, the conference is being recorded. Later, you will have the opportunity to ask questions during the question-and-answer session. To register to ask a question at any time, please press star one on your telephone keypad. I would now like to turn the call over to Michael Bennett, Vice President of Investor Relations. Thank you, good afternoon to everyone on the line. Thank you for joining us for Titan America's second quarter 2026 conference call. I am joined by Bill Zarkalis, President and Chief Executive Officer, and Larry Wilt, Chief Financial Officer. Before we begin, I would like to remind you that earlier this afternoon, we released Titan America's second quarter 2026 results, which are available on our website at ir.titanamerica.com, along with today's accompanying slide presentation. This call is being recorded, a replay will be made available on our investor relations website. During the call, we will present both IFRS and non-IFRS financial measures. The most directly comparable IFRS measures and reconciliations for non-IFRS measures are available in today's press release and accompanying slides. Certain statements on today's call may be deemed to be forward-looking statements. Such statements can be identified by terms such as "expect," "believe," "intend," "anticipate," and "may," among others, or by the use of the future tense. You should not place undue reliance on forward-looking statements. Actual results may differ materially from those forward-looking statements, we do not undertake any obligation to update any forward-looking statements we make today. For more information about factors that may cause actual results to differ materially from forward-looking statements, please refer to the press release we issued today, as well as the risks and uncertainties described in our SEC filings. I would now like to turn the call over to Bill. Please go ahead. Thank you, Michael. Good afternoon, thanks for joining Titan America's second quarter 2026 financial results call. I would like to begin on slide four by highlighting a few key messages. Earlier today, we announced our second quarter 2026 financial results. Titan America delivered a solid performance despite continued headwinds in residential, with second quarter revenue increasing by 9.6% compared to the same period last year, adjusted EBITDA at 1.3% higher. Our Mid-Atlantic region delivered strong year-over-year growth in both revenue and adjusted EBITDA during the second quarter. We capitalized on robust project activity in the region, particularly from private non-residential and public infrastructure investments, to drive significant volume growth compared to the prior year. High ready-mix concrete pricing contributed positively to results. In the second quarter, our Florida segment delivered solid results on robust demand from infrastructure and private non-residential construction markets. Residential construction activity remains subdued, with project delays and softer cement demand impacting the region, while pricing across several product lines was relatively softer year-over-year. Scheduled extended maintenance shutdowns at both our cement and aggregates operations at our Pennsuco plant resulted in longer outages than in the prior year, negatively impacting Florida's second quarter results. As foreshadowed in our previous results call, in the second quarter, our Florida business was impacted by substantial delays in our cement imports due to disruptions in overseas ports and shipping. We believe these disruptions were temporary in nature, and we expect the logistics conditions to normalize as we move through the second half of the year. Let's now turn to slide five to update you on Keystone. During the second quarter, we completed the acquisition of the Keystone Cement Company. This acquisition marks an important milestone in the execution of our long-term growth strategy. Since closing, our integration team has been on-site, working closely together with Keystone's experienced and highly knowledgeable colleagues to ensure a smooth and effective integration. The Keystone acquisition expands our geographic reach in the markets of Pennsylvania, Ohio, Delaware, and Maryland. Combined with our existing asset base, Keystone strengthens our vertically integrated footprint in this attractive region, enhancing our ability to serve customers, capture operational run rate synergies, and capitalize on the strong long-term secular growth trends supporting these markets. Looking ahead, we are targeting annual run rate synergies from the Keystone acquisition of at least $30 million by 2029. We believe the targeted synergies will substantially improve the operating margins of the acquired assets. We expect synergy realization to build over the three-year period rather than phase in evenly, with the largest contribution coming in year three as our operational, commercial, and logistics initiatives take full effect. Keystone brings together an exceptional team, a strong brand, and a respected reputation built over its century-long history. We are excited about the opportunities ahead and look forward to sharing more about our expectations for this asset. Let's move now to slide six to briefly discuss data centers, one of the growth levers in our mid-Atlantic markets. Virginia is the world's data center capital, with an estimated 30% share in the global hyperscale market. Titan America is capitalizing on the data center investment growth and participating in more than 50% of the data centers currently under construction in our serviceable market area. In 2026, Titan America participates in 77 data centers out of 148 currently under construction in Virginia. It is estimated that an additional 250 data centers are currently in the pre-construction phase in the state. Titan America is partnering with leading contractors, operators, and hyperscalers to value-engineer solutions and create additional products and services to meet their evolving demands. The investments in data centers act as a multiplier for the demand of construction materials as they usually lead to substantial follow-on investments in power generation, infrastructure, and commercial construction. Turning now to slide seven to discuss an investment which enhances Titan America's position in the growing market for supplemental cementitious materials. Titan America subsidiary, Separation Technologies, or ST, entered into an agreement to develop a first-of-its-kind fly ash recycling plant at the Brunner Island Steam Electric Station in Pennsylvania. With this new plant, we are recovering fly ash directly from landfills, which we view as a reliable source of supply for years to come, solving the challenges associated with the retirement of coal-fired power plants. The newly announced plant will build on the Separation Technologies existing fly ash beneficiation facility and will have an annual capacity to handle 600,000 tons of landfill material. It is slated to produce and sell approximately 400,000 tons of concrete-grade fly ash per year, complementing the product mix of our newly acquired Keystone plant and creating a one-stop shop of fly ash, cement, and aggregates for our customers in Pennsylvania and Ohio. We expect to invest approximately $30 million in this plant, which is already under construction, and we expect it to be fully operational in the third quarter of next year. ST is a recognized leader in fly ash beneficiation, with over 30 million tons of fly ash sold under the ProAsh brand since 1995. ProAsh is Titan America's high-quality, low carbon fly ash that allows for better control of concrete mixtures, greater reliability, improved consistency, and superior predictable in-place concrete properties. This initiative represents a compelling opportunity for Titan America as it aligns with our long-term growth strategy. I will now turn it over to Larry, who will provide a breakdown of our second quarter financial results and business segment performance. Larry? Thank you, Bill, and good afternoon, everyone. Starting on slide eight, let me share an overview of our second quarter 2026 financial highlights. Our second quarter results reflect the resilience of our platform with strength in the mid-Atlantic, more than offsetting headwinds in Florida, which absorbed the impacts of an extended scheduled maintenance outage at our Pennsuco Cement and Aggregate plant, as well as the temporary import logistics challenges resulting from port disruptions in the Mediterranean. Despite the challenges, we were pleased to deliver year-over-year growth in revenue, Adjusted EBITDA, and operating cash flow in Q2 at the consolidated level. As indicated on the left-hand side of the slide, in the second quarter, we delivered revenue of $471 million, an increase of 9.6% compared to $429 million in the second quarter of 2025, of which Keystone contributed $20 million. Adjusted EBITDA for the quarter was $101 million compared to $99 million in the prior year quarter, an increase of 1.3%. Our second quarter Adjusted EBITDA margin was 21.4% compared to 23.2% in the second quarter of 2025, a decrease of approximately 180 basis points, reflecting the costs associated with the extended Pennsuco outage. On a year-to-date basis, our Adjusted EBITDA margin was 21.1% compared to 21.8% in the first half of 2025. Net income for the quarter was $43 million compared to $51 million in the prior year quarter, with earnings per share of $0.23 compared to $0.28 in the second quarter of 2025. Approximately $0.03 of that $0.05 decline was attributable to the Keystone-related items, including transaction costs and a one-time tax charge associated with the post-acquisition reorganization of the Keystone entities. As shown on the right-hand side of this slide, operating cash flow for the first half of 2026 was $137 million compared to $108 million in H1 2025, reflecting working capital discipline and lower tax payments. For the same period, free cash flow was $50 million compared to $26 million in the prior year, driven by improvements in operating cash flow and a modest increase in CapEx investments. Finally, after accounting for the impacts of the Keystone acquisition, our leverage ratio at the end of Q2 was 1.37x trailing 12 months adjusted EBITDA, up from 0.64x at the beginning of the year. Even with that increase, we remain at a low absolute level of leverage with strong financial flexibility. Turning to slide nine, let me walk you through our Q2 sales volume performance by product line. Our sales volume performance reflects the strong commercial execution in a challenging market. Cement volumes, including external sales and internal consumption, increased 10% year-over-year. This includes Keystone's initial contribution and the benefits of continued demand for heavy building materials in infrastructure and private non-residential construction applications. On a like-for-like basis, excluding Keystone, our cement volumes were roughly flat, held back by the impact of import supply chain disruptions in the quarter. Total aggregate volumes were lower by 1.3% in the quarter when compared to Q2 2025. Growth in external aggregate sales volumes was offset by a decline in internal consumption in Florida, attributable in part to the temporary effects of the scheduled maintenance activities at Pennsuco. Total fly ash volumes were up approximately 12% on a low base compared to the prior year quarter, while ready-mix concrete volumes increased 2.6% year-over-year, with Mid-Atlantic generating strong growth in non-residential applications while Florida volumes were impacted by project delays. Concrete block volumes increased 8.3% compared to the second quarter of 2025, driven by strong alignment with top regional players. Turning to slide 10, external pricing was varied, primarily reflecting both geographic and product mix. We maintained strong pricing discipline in a challenging environment, demonstrating the value of our differentiated product portfolio. On a year-over-year basis, cement pricing declined 1.5%, with like-for-like improvements in the Mid-Atlantic offset by softness in Florida. The decline in aggregate pricing resulted from diverse dynamics and product mix demand across regional markets in Florida. Fly ash pricing was flat year-over-year, while ready-mix concrete pricing increased 4.4% when compared to Q2 2025, driven partly by focused participation in high growth, high value market segments. Concrete block pricing declined 2.6% year-over-year, reflecting channel and customer mix. Turning to slides 11 and 12, let me walk you through our second quarter business segment performance. Starting with the Mid-Atlantic on slide 11, our team delivered strong financial results through focused participation in infrastructure and non-residential construction activity, which more than compensated for continued softness in residential demand. Mid-Atlantic external revenue was $214 million in the second quarter, an increase of 27% compared to $168 million in the second quarter of 2025. The increase was driven by approximately $20 million of revenue from Keystone, double-digit growth in ready-mix concrete revenues, and strength in our legacy cement operations. Ready-mix concrete was the primary organic revenue growth driver with strong data center and commercial construction demand, higher unit selling prices, and the benefit of new portable plant capacity supporting increased participation in high-value applications. Adjusted EBITDA for the segment was $53 million compared to $41 million in the prior year quarter, an increase of 30%, reflecting the benefits of favorable project mix, improved pricing, and cost discipline, which together more than offset higher raw material and energy costs and the impacts of import disruptions. Segment adjusted EBITDA margin improved to 24.7% from 24.1% in the prior year quarter. On a year-to-date basis, Mid-Atlantic external revenue was $359 million, an increase of 16.7% compared to $308 million in the prior year period, and segment adjusted EBITDA was $65 million compared to $52 million in Q2 2025, an increase of 27%. Segmented adjusted EBITDA margin improved to 18.2% from 16.7% in the first half of 2025. Turning to Florida on Slide 12, our quarterly results reflect the impact of temporary headwinds from the extended Pennsuco outage and import disruptions I mentioned earlier. Florida's external revenue was $257 million in the second quarter, a decrease of 1.6% compared to $261 million in the second quarter of 2025, as lower ready-mix concrete volumes and lower aggregates and concrete block pricing was partially offset by higher concrete block volumes and external aggregate volumes. Adjusted EBITDA for the Florida segment was $51 million compared to $62 million in the prior year quarter, with adjusted EBITDA margin of 19.7% in the second quarter compared to 23.8% in the second quarter of 2025. That decline was driven primarily by the Pennsuco cement and aggregate outages and import supply chain disruptions, and the added cost of temporarily sourcing cement and aggregates from third parties during the period. Aggregated together, we estimate the total impact of the short-term headwinds had an adverse direct impact of approximately $7 million in the second quarter. On a year-to-date basis, Florida's external revenue was $510 million compared to $514 million in the prior year period, and segment adjusted EBITDA was $123 million compared to $133 million in the prior year period. Adjusted EBITDA margin was 24.2% compared to 25.9% in the first half of 2025. Now turning to our balance sheet and cash flows on Slide 13. As of June 30, 2026, we had $36 million of cash and cash equivalents and a total debt of $574 million, for a total net debt position of $538 million. That represents a leverage ratio of 1.37x trailing 12 months adjusted EBITDA compared to 0.64x at the beginning of the year. With respect to Keystone, the acquisition was funded with a combination of cash on hand and a new term loan issued in April 2026 with a maturity date of February 2031. Our balance sheet, combined with strong cash generation and disciplined capital allocation, provides strategic flexibility to support growth and invest in operating efficiencies while maintaining our commitment to returning capital to shareholders and navigate evolving market conditions. Slide 14 shows our capital expenditure profile for the first half of 2026. Net capital expenditures were approximately $87 million for the first half of 2026 and remain focused on our previously communicated strategic objectives. Increasing our domestic cement and aggregates capacity, improving the efficiency of our logistics network, and further enhancing our strong positions in select downstream channels to market. As the Keystone integration progresses, we expect to make further CapEx investments to deliver operational, commercial, and logistics synergies as we incorporate the Keystone assets into our Mid-Atlantic network. With respect to shareholder returns, earlier today, our board of directors approved a new issue premium distribution of $0.04 per share, payable on October 9th, 2026, to shareholders of record as of October 1st, 2026. With that, I'll turn it back to Bill for his closing remarks. Thanks, Larry. Let me say that in conclusion, despite the short-term challenges that we faced from the disruption of our cement imports and the extended maintenance outage at our Pennsuco plant, we delivered a solid performance in the second quarter with year-over-year growth in both revenue and adjusted EBITDA. Our teams executed well, and the underlying fundamentals of our key markets remain attractive. Let's turn now to our 2026 outlook on Slide 15. Following the completion of our acquisition of Keystone Cement in the second quarter, and given our current visibility into the balance of the year, we have updated our full year 2026 guidance. We now expect high single-digit revenue growth for the full year 2026 as compared to 2025. We also expect a modest decline in our adjusted EBITDA margin for the year, which reflects the lower starting contribution from Keystone. Our updated outlook reflects our confidence in our ability to capitalize on the underlying demand growth trends, more specifically in infrastructure and private non-residential across our markets, the successful integration of Keystone, and our ability to continue executing successfully on our strategic growth and cost productivity initiatives. Before we open the call for questions, I want to express once again my sincere gratitude to our Titan America team members. It is the hard work and continued dedication to safety, operational excellence, the success of our customers, and the communities we operate in that makes our company great. With that, I'll turn the call over to the operator for the Q&A session. Operator? Thank you. We will now begin the question- and- answer session. If you'd like to ask a question, press star one on your keypad. To leave the queue at any time, press star two. Once again, that is star one to ask a question. We'll take our first question from Anthony Pettinari with Citi. Your line is open. Good afternoon. Bill, can you talk a little bit more about cement pricing? You saw some softness in Florida, but you talked about like-for-like improvements in Mid-Atlantic. I'm just wondering what factors maybe caused the softness in Florida. I wonder if you could talk a little bit also about price costs, because it seems like we're seeing higher costs for fuel, electricity. Just wondering if you can give any additional color on pricing in the two regions. We see pricing trends more robust in the Mid-Atlantic regions, with growth we witnessed from the demand in commercial non-residential applications, data centers, infrastructure, and the rest. In Florida, we have resilience price, broadly stable prices. We were not successful so far in increasing the prices, but it's been resilient. The main headwind that we face is the softness in the residential sector, especially for us in this second quarter of the year, as you heard from Larry and myself, we had the scheduled extended shutdowns, which of course, led to some reduced production. Also, we had the logistics disruption in Mediterranean ports, which led to delays in arrival of shipments of imported cement, stock-outs, which led us to seek third-party supply in order to meet the customer needs. Overall, this quarter was a challenge in Florida especially, so it's not really lending itself for conclusions on pricing dynamics. What I can say for sure is that pricing dynamics remain stable. We see more dynamic pricing in growing regions and especially growing applications and regions, especially in the Mid-Atlantic. Now, in relation to price over cost, there have been inflationary pressures from fuel, energy, and raw material costs overall. We've been very successful in relation to the self-help, the operational excellence initiatives that we have applied. Broadly, as you can see, our margins in Mid-Atlantic improved. Our margins in Florida, when we look at the first half, which includes the maintenance shutdowns, is slightly down. This taking into account both the extended shutdowns, also the disruptions in imported cement, which were costly, as you heard. Overall, we manage well price over cost and our margins. Got it. That's very helpful. Just one follow-up. The Pennsuco outage and the supply chain issues and the import issues, is that a headwind in July or 3 Q or have those issues basically been resolved? Maybe just an add-on. There have been discussions around tariffs on imported Canadian cement. Is that at all impactful to the Mid-Atlantic market or maybe not really? Yeah. I think, Anthony, it's Larry, taking the last one, we'll see how that plays out. I don't think we have clear line of sight exactly how the tariffs applied to the Canadian product coming into the Northeast U.S. will affect our markets quite yet. We'll take a wait and see on that one. On the maintenance outage in Florida in particular, there were two things going on. One had to do with a cement outage and the other was aggregate. Combined two, it was a scheduled outage. It happened to be, by its complexity, a longer duration than one that would typically be there. That's behind us from Q2. When you look forward, as you know, each of the outages have a second semester element to it, much shorter in duration, typically a week, give or take. That's still ahead of us, but that's normal in that case. Nothing different than the normal activities in that case. When you look at the impacts combined, I think we said it in the prepared comments, $7 million overall in these direct impacts is what we see. We didn't call out, per se, some of the energy headwinds in Florida, but energy headwinds in Florida were more significant than they were in Mid-Atlantic, partly because of the way we consume diesel fuel within the aggregates facility there. It has a heavier impact there than it would in the Mid-Atlantic for us. Okay. That's very helpful. I'll turn it over. Thanks, Tony. We'll move next to Phil Ng with Jefferies. Your line is open. Hey, guys. Just a few cleanup questions, Larry. On the $7 million impact on the scheduled maintenance outage piece. That looks like it's largely behind you in 3Q. Any lingering impact we should be mindful of on the imports, from the Mediterranean dynamic that's been a hit in 3Q? Yep. Look, I think it depends on activities in different geographies, Phil. We don't currently have any visibility to something that's more disruptive than what's in our past. As we see it today, that's not going to be a disruption going forward. Sea freight rates are higher. As you know, spot rates are higher. I think we've talked about this in the first quarter call that we had, there could be some sea freight rate issues that come into the second half of the year that a bit higher than they were a year ago. Got you. In relation to the shutdown, Phil, the first part of the question, it was a scheduled shutdown, so there's no lingering effects into the second half. Larry, I think your import for cement prices the last quarter, you mentioned there was some hedge dynamic where your prices don't really move. So, which I think you're alluding to on freight sea rates. Does that pick up a bit in the back half too, in terms of your import costs? Yeah. Import costs, we're contracted for the year, so roughly it's slightly higher, not so meaningful higher than a year ago, Phil, on the cement itself. On the sea freight rates, what we said on the last call was that we had contracted through really the first half of the year. As we enter into the second half of the year, we've covered some of those with existing contracts, but there are still some that are exposed that we will contract later in the year as the year progresses. Okay, super. Your guidance, you mentioned that margins were going to be down a little bit on a year-over-year basis. Larry, any chance you could give us a little more color in terms of the magnitude? We're talking about 150 basis points, 50 basis points in terms of the contraction. Any more color would be helpful. Phil, in addition to that, it's Bill. You can say it's going to be between 25-50 basis points, essentially. Okay. The impact of the Keystone integration at the starting, let's say, margins of the facility. Okay. Well, that's actually quite good. That implicitly implies a nice step up in the back half. Any color that you're comfortable sharing, what's driving some of the improvement? Certainly that $10 million headwind goes away, any other things you want to call out for that big step up in the back half? Look, I think as we look at the ready-mix business that we've got, in particular, it drives some of the cement volumes, the aggregate pull through. We see better times ahead for that in Florida in the second half of the year, based on the order book that we have now. When it comes, Phil, we've got to realize that we work in a different outside environment. Weather can have an impact. All the things that you're aware of for Q3 and Q4 can come into play, but as we see it now, we feel good about what we see in terms of the order book. Okay. Just one follow-up to that. Your guide for the full year for Keystone, are there any adjustments that we need to be mindful in terms of the step up, in terms of the inventory? Did you see that hit already in 2Q, or is that going to kick in 3Q, or it's not meaningful? Yeah, it already hit in Q2, Phil. It's not that meaningful. It doesn't have that level of inventory. It's not like an aggregate facility with tons and tons and tons laying around the ground that you have to deal with. It was small. Okay. Thank you. Helpful. Thanks, Phil. We'll move next to Chad Dillard with Bernstein. Your line is open. Hi. Good evening, everyone. Hi, Chad. My questions on your guidance change for revenues going from low single-digit to high single-digits, and then also, the modest step down in EBITDA. I was hoping you could parse out what the changes were on the organic side, versus, what's coming from the impact of including Keystone. We've updated the guidance to cover the full business here, Chad. For us, Keystone is integrated into the Mid-Atlantic. As a whole, we talked about the synergies that we expect to get as we combine that with the existing fly ash business, their ready-mix business up in Northern Virginia, the business at Essex, obviously on the import side, where the two can back each other up, to some degree. We don't break it out in that sense, but I think it's fair to say that we wouldn't have adjusted our guidance before for the existing legacy business. I think that would've generally remained unchanged. Okay, great. That's helpful. Second question, just sticking with Keystone. Just trying to better understand the cadence of the $30 million of synergies out through 2029. Should we be thinking about it on a linear basis? Maybe you can talk about what are some of the low-hanging fruit that you can execute on as we go into 2027. I wouldn't say linear, because some of them involve some CapEx investments. They're not huge CapEx investments, but they're important at the same time. Some investments, getting the alternative fuel capabilities increased compared to where they are today. It's good, but we can make it better. We have some raw material synergies that we think we can improve there at the facility, the logistics operations. Fundamentally, what we've been focused on in the last couple of months, we've only owned it, as you know, three months today. Really what we're focused on there is making sure their reliability and the quality of the product is consistent with the rest of the Titan America product that we have. Getting the plant operating, this is more OpEx at this point than it is CapEx, but we'll come to the point where we have to make some targeted CapEx investments to do that. Those are best executed during a planned shutdown when you have the duration to do something like that. We make incremental progress every month, but this is really about reliability, throughput, consistency, and the ability to serve customers. Got it. Thanks a lot. Pass it on. We'll move next to Brian Brophy with Stifel. Your line is open. Yeah, thanks. Good afternoon. Appreciate you taking the question. I guess just following up on the Keystone synergies, point of clarification, are all of these cost synergies, or do you have some revenue synergies in there as well? Thanks. Brian, hi, it's Bill. There are substantial revenue synergies that come from reliability, which allows us really to produce more out of the plant and therefore sell more. There are also commercial synergies in relation to logistics and network synergies across Pennsylvania, Ohio, and our existing huge Mid-Atlantic operations. On top of that, we have operational excellence synergies, obviously in relation to cost of raw materials, cost of operations. On top of that, we're going to see synergies as we increase our sales of aggregates. As we have mentioned in the past, there are substantial high-quality DOT quality aggregate reserves, and we intend to increase our sales into the market. This will happen gradually. That's why we gave a run rate of at least $30 million of synergies by 2029. Thanks. That's helpful. Just as a follow-up to that, you talked about almost $100 million of revenue that Keystone was previously generating. How should we think about where revenue could go as you improve plant capacity and utilization? Thanks. We haven't given a guide on that one, Brian. I think let us come back to you in due time and give some more guidance on that as we come to understand the asset a little bit better and make some of the improvements that we described here as well. Okay, appreciate it. Thank you. I'll pass it on. Brian, we promise that we're going to come back with more details later in the year. Understood. Appreciate it. Thank you. Thank you. At this time, there are no further questions in queue. I will now turn the meeting back to Bill Zarkalis for any additional or closing remarks. Thank you, Chloe. I appreciate your help. Thank you all for your time today. We appreciate your interest in Titan America. We look forward to updating you on our progress on our third quarter call. Have a great rest of your day. Thank you all. Take care. Thank you. This brings us to the end of today's meeting. We appreciate your time and participation. You may now disconnect.