Titanium Transportation Group Reports 7.5% YoY Revenue Growth and Further Debt Reduction in Spite of Market Challenges
Globenewswire·2025-05-13 21:45
Consolidated revenue for Q1 2025 improved 7.5% year-over-year, to $121 million.Logistics revenue increased 17.6% year-over-year, driven by 9% volume growth, highlighting continued customer wins and the scalability of Titanium’s asset-light model.Strategic divestiture of non-core assets generated $1.7 million in proceeds, contributing to a stronger balance sheet with $10.7 million reduction in loans and lease liabilities, enhancing financial flexibility.Quarter-end cash totaled $18.3 million, up from $4.3 mi ...