Welcome to our dedicated page for Arcosa news (Ticker: ACA), a resource for investors and traders seeking the latest updates and insights on Arcosa stock.
Arcosa, Inc. (NYSE: ACA) is a provider of infrastructure-related products and solutions headquartered in Dallas, Texas, with operations reported across Construction Products, Engineered Structures, and Transportation Products. The Arcosa news feed on Stock Titan brings together company announcements, earnings releases, and other public disclosures that describe how these segments are performing over time.
Investors following ACA news can review quarterly earnings releases that detail revenues, segment performance, Adjusted EBITDA, margins, cash flow, and leverage metrics, as well as commentary from management on demand trends in construction materials, utility and related structures, wind towers, and inland barges. The company’s news also covers topics such as barge and wind tower backlogs, order activity, and the impact of acquisitions and divestitures on its portfolio.
Arcosa regularly issues press releases announcing the timing of its quarterly earnings releases and conference calls, along with investor presentation updates furnished through Regulation FD 8-K filings. The news flow also includes dividend declarations, where the Board of Directors announces regular quarterly cash dividends on the company’s common stock.
Regulatory and operational disclosures, such as mine safety reports and credit facility amendments, may also appear in Arcosa-related news through 8-K filings. By monitoring this page, readers can see how Arcosa communicates its financial results, capital structure changes, and operational developments across its Construction Products, Engineered Structures, and Transportation Products segments.
Arcosa, Inc. (NYSE: ACA) will release its fourth-quarter and full-year results for 2020 on February 24, 2021, after market close. An earnings call will take place on February 25, 2021, at 8:30 a.m. ET, accessible via webcast and phone. The company focuses on infrastructure-related products across key segments: Construction Products, Energy Equipment, and Transportation Products. More details and slide presentations will be available ahead of the call. A recording of the call will be accessible through March 11, 2021.
Crédit Agricole CIB has been appointed as the Green Structuring Advisor for Trinity Industries Leasing Company’s Green Financing Framework. This framework allows TILC to issue green financing instruments, including non-recourse ABS bonds and loans, supported by eco-friendly assets. Over $4 billion of TILC's railcar-related debt qualifies for this designation. The initiative aligns with the Green Bond Principles and has received a Second-Party Opinion from Sustainalytics. TILC is recognized as the first railcar lessor in North America to establish such a framework.
Arcosa, Inc. (NYSE: ACA) has declared a quarterly cash dividend of $0.05 per share, payable on January 29, 2021, to stockholders on record as of January 15, 2021. The Company also renewed its $50 million share repurchase program, effective January 1, 2021, providing flexibility to repurchase shares based on market conditions. Additionally, Arcosa has filed a universal shelf registration statement allowing potential future offerings of securities over the next three years, although there are no immediate plans for such offerings.
Arcosa, Inc. (NYSE: ACA) reported a 10% revenue increase to $490 million for Q3 2020. Net income stood at $31.2 million, with diluted EPS of $0.64. Adjusted EBITDA rose 12% to $73 million.
Free cash flow was impressive at $93.1 million, achieving a conversion rate of 300% of net income. The company maintains strong liquidity with total cash of $189 million and a net debt to Adjusted EBITDA ratio of 0.2X.
Despite challenges from COVID-19 and weather events, key sectors showed resilience and order activity remained positive.
Arcosa has announced the acquisition of Strata Materials for approximately $87 million. Strata, a prominent recycled aggregates provider in the Dallas-Fort Worth area, reported an Adjusted EBITDA of $10.2 million in the last 12 months, with a valuation multiple of ~8.5x. This acquisition is expected to enhance Arcosa's offerings by combining recycled and natural aggregates, driving growth and improving margins, given Strata's similar margins to Arcosa's existing operations. The purchase was funded with cash on hand, maintaining low leverage at ~0.6x debt/Adjusted EBITDA.
Arcosa, Inc. (NYSE: ACA) will release its third-quarter earnings for the period ending September 30, 2020, after market close on October 28, 2020. The company will hold a conference call on October 29, 2020, at 8:30 AM ET to discuss the financial results. Investors can access the call via a webcast or through dial-in options provided in the release. A replay of the call will be available until November 12, 2020. Arcosa operates in construction, energy, and transportation markets, reporting results across three business segments.