Arcosa Inc Stock Price, News & Analysis

Arcosa, Inc. (NYSE: ACA) reported strong first-quarter results for 2022, with revenues of $535.8 million, a 22% increase year-over-year. Net income was $20.2 million, while Adjusted EBITDA rose 30% to $73.4 million. The company has agreed to sell its storage tanks business for $275 million, enhancing portfolio focus. Construction Products saw a 38% revenue increase, driven by acquisitions and pricing gains. The company tightened its full-year Adjusted EBITDA guidance to between $290-$305 million.

Arcosa, Inc. (NYSE: ACA) has announced a definitive agreement to sell its storage tanks business to Black Diamond Capital Management for $275 million in cash. This move aligns with Arcosa's strategy to simplify its portfolio and enhance shareholder value. The storage tanks business, which reported $200 million in revenue in 2021, will continue operating in Mexico. Proceeds from the sale will be reinvested in the company's Construction Products segment, focusing on strategic growth in less cyclical markets. The transaction is expected to close later this year pending regulatory approvals.

Arcosa, Inc. (NYSE: ACA) has announced it will release its first quarter financial results for the period ending March 31, 2022, after market close on April 28, 2022. The company will also host an earnings call at 8:30 a.m. Eastern Time on April 29, 2022, to discuss these results. Investors can access the call via a webcast and download the associated slides beforehand. A recording will be available until May 13, 2022, and the company operates in construction, engineered structures, and transportation markets.

Arcosa, Inc. (NYSE: ACA) has declared a quarterly cash dividend of $0.05 per share on its common stock, payable on April 29, 2022, to shareholders of record as of April 14, 2022. This decision by the Board of Directors reflects the company's commitment to returning value to its shareholders. Arcosa operates in infrastructure-related markets and is positioned in construction, engineered structures, and transportation. For further information, visit www.arcosa.com.

Arcosa, Inc. (NYSE: ACA) reported strong fourth quarter results with 14% revenue growth to $521.8 million, driven by acquisitions and strong market demand. Adjusted EBITDA rose 17% to $65.9 million. Net income totaled $9.2 million, while Adjusted Net Income reached $19.2 million. The company generated $65.4 million in free cash flow, facilitating a $75 million debt repayment. Looking ahead, Arcosa projects 2022 revenues between $2.1 billion and $2.2 billion, signaling confidence in continued growth despite some challenges in cyclically-sensitive segments.

Arcosa, Inc. (NYSE: ACA) plans to release its fourth quarter and full year 2021 results on February 23, 2022. An earnings call is scheduled for February 24, 2022 at 8:30 a.m. ET to discuss the results. The call can be accessed via webcast on the company's investor relations site. Dial-in options are available, with a conference ID of ARCOSA and passcode 842365. A recording will be accessible through March 10, 2022. Arcosa specializes in infrastructure-related products across construction, engineered structures, and transportation markets.

Arcosa, Inc. (NYSE: ACA) announced the election of Julie Piggott to its Board of Directors as an independent member, effective December 9, 2021. Piggott, formerly the Executive Vice President and CFO of BNSF Railway Company, brings extensive strategic and financial experience to the board. Her addition expands the board to ten members, and she will also serve on the Audit Committee. Non-Executive Chairman Rhys J. Best expressed confidence in Piggott's ability to enhance value for shareholders.

Arcosa, Inc. (NYSE: ACA) has announced a regular quarterly cash dividend of $0.05 per share on its $0.01 par value common stock. This dividend is payable on January 31, 2022 to stockholders of record as of January 14, 2022. Arcosa is a provider of infrastructure-related products with key market positions in construction, engineered structures, and transportation. The company's financial reporting encompasses three main segments: Construction Products, Engineered Structures, and Transportation Products.