Arcosa Inc Stock Price, News & Analysis

Arcosa, Inc. (NYSE: ACA) has announced the pricing of a $600 million private offering of 6.875% senior notes due 2032. The offering is expected to close on August 26, 2024, subject to customary conditions. The net proceeds, along with borrowings from a Term Loan B Facility, will be used to fund the $1.2 billion acquisition of Stavola Holding 's construction materials business. Any remaining funds will repay outstanding amounts on Arcosa's revolving credit facility.

The notes will be senior unsecured obligations, initially guaranteed by Arcosa's domestic subsidiaries that are guarantors under its senior credit facility. They are being offered only to qualified institutional buyers and non-U.S. persons, and are not registered under the Securities Act.

Arcosa, Inc. (NYSE: ACA) has announced plans to offer $600 million in senior notes due 2032, subject to market conditions. The proceeds, along with expected borrowings from a Term Loan B Facility, will fund the $1.2 billion acquisition of Stavola Holding 's construction materials business. Any remaining funds will be used to repay Arcosa's revolving credit facility.

The notes will be senior unsecured obligations, initially guaranteed by Arcosa's domestic subsidiaries that are guarantors under its senior credit facility. The offering is to qualified institutional buyers and non-U.S. persons, complying with Rule 144A and Regulation S of the Securities Act. The notes are subject to a special mandatory redemption if the acquisition is not completed within the specified timeframe.

Arcosa, Inc. (NYSE: ACA) has announced the launch of a proposed $700 million senior secured Term Loan B Facility due 2031. The company plans to use the proceeds from this Term Loan, along with available cash and other unsecured debt, to fund its previously announced $1.2 billion acquisition of the construction materials business of Stavola Holding and its affiliated entities.

The closing of the Term Loan is expected to occur in the fourth quarter of 2024, subject to market conditions, negotiation and execution of definitive documents, and the satisfaction of customary closing conditions, including the concurrent closing of the acquisition. Arcosa cautions that there are no guarantees of success in its marketing efforts or ability to obtain the Term Loan.

Stellex Capital Management, a middle-market private equity firm, has announced a definitive agreement to acquire McConway & Torley (M&T) and Standard Forged Products (SFP) from Arcosa, Inc. (NYSE: ACA). The acquisition is expected to close in Q3. The Company, based in Pittsburgh, PA, has been operating since 1869, producing cast, forged, and machined products for rail and industrial customers across three facilities.

As an independent entity, the Company aims to accelerate growth through organic and acquisitive opportunities. David Meyer, a 25-year industry veteran, has been named CEO and will work with the existing management team. The acquisition aligns with Stellex's strategy of applying operational expertise to drive growth in critical manufacturing sectors and reinforces their commitment to the Pittsburgh region.

Arcosa Inc (NYSE: ACA) has announced significant portfolio actions to advance its long-term strategy:

1. Acquisition: Arcosa will acquire Stavola's construction materials business for $1.2 billion, expanding into the New York-New Jersey MSA with an aggregates-led platform generating $283 million in revenue and $100 million in Adjusted EBITDA.

2. Divestitures: Arcosa will sell its steel components business and has completed the sale of other non-core assets for a total of $137 million.

These actions will accelerate Arcosa's shift to higher-margin Construction Products, reducing portfolio complexity and cyclicality. Post-transactions, Construction Products will represent 65% of Arcosa's Adjusted EBITDA, with overall LTM Adjusted EBITDA margin expanding by 220 basis points.

Arcosa, Inc. (NYSE: ACA) reported strong second quarter 2024 results, with record quarterly revenues of $664.7 million (up 14% year-over-year) and Adjusted EBITDA of $112.7 million (up 31%). The company raised the low end of its full-year 2024 Adjusted EBITDA guidance to $420-$440 million. Key highlights include:

- Construction Products: Revenues up 4% to $276.1 million, Adjusted Segment EBITDA up 22%
- Engineered Structures: Revenues up 33% to $274.8 million, Adjusted Segment EBITDA up 48%
- Transportation Products: Revenues flat at $113.8 million, Adjusted Segment EBITDA up 7%

Arcosa also announced a $1.2 billion acquisition of Stavola's construction materials business and the divestiture of its steel components business, aligning with its strategic vision for growth.

Arcosa (NYSE: ACA), a provider of infrastructure-related products and solutions, has announced the timing for its second quarter 2024 earnings release and conference call. The company will release its Q2 2024 results after market close on Thursday, August 1, 2024. An earnings call to discuss the results is scheduled for Friday, August 2, 2024, at 8:30 a.m. Eastern Time.

Investors and analysts can access the call via webcast and slide presentation on Arcosa's investor relations website or by dialing in. A recording of the call will be available until August 16, 2024, and a replay will be accessible on the company's website for one year.

Arcosa, Inc. (NYSE: ACA) has declared a regular quarterly cash dividend of $0.05 per share on its common stock. The dividend is payable on July 31, 2024, to stockholders of record as of July 15, 2024.

Arcosa, Inc. (NYSE: ACA) announced First Quarter 2024 Results, with revenues up 9% and Adjusted EBITDA growth of 7%. Operating cash flow increased by 195%. Full Year 2024 guidance raised to $410M - $440M, reflecting recent Ameron acquisition and strong Q1 results. The company continues to show growth and stability across its segments, with positive outlook and focus on sustainability initiatives.