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. reports developments in infrastructure-related products and solutions, with current operations centered on Construction Products and Engineered Structures. News commonly covers earnings, guidance, segment demand, margin trends, backlog, and end-market activity in aggregates, specialty materials, asphalt, utility structures, wind towers, traffic and lighting structures, and telecommunication structures.
Company updates also include portfolio actions such as the completed sale of the inland barge business, acquisitions of aggregates operations, regular cash dividends, and investor communication around quarterly results. Arcosa's coverage often links construction materials performance to weather, pricing, volumes, and unit profitability, while engineered structures updates emphasize utility structures demand tied to grid modernization and power needs.
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Arcosa, Inc. (NYSE: ACA) announced its upcoming earnings release for the first quarter ended March 31, 2023, set for April 27, 2023, after market close. The company will host an earnings call the following day at 8:30 a.m. ET to discuss its results. Investors can access the call via webcast or dial in using the provided numbers. A recorded version of the call will be made available through May 12, 2023. Arcosa, headquartered in Dallas, Texas, specializes in infrastructure-related products across three segments: Construction Products, Engineered Structures, and Transportation Products. More details can be found on their investor relations website.
Arcosa, Inc. (NYSE: ACA) has secured wind tower orders valued at approximately $750 million, set for delivery from 2024 to 2028, primarily supporting wind energy projects in the Southwest. To meet this demand, Arcosa will establish a new manufacturing facility in Belen, New Mexico, investing $55 million to $60 million in property modification and equipment procurement. This move responds to rising clean energy demand following the Inflation Reduction Act, which has already generated over $1.1 billion in wind tower orders for the company. Production is slated to commence mid-2024.
Arcosa, Inc. (NYSE: ACA) has announced a quarterly cash dividend of $0.05 per share on its common stock, with a payment date set for April 28, 2023. Shareholders of record as of April 14, 2023 will receive this dividend. Headquartered in Dallas, Texas, Arcosa focuses on infrastructure-related products across construction, engineered structures, and transportation sectors. The company operates through three main segments: Construction Products, Engineered Structures, and Transportation Products.
Arcosa, Inc. (NYSE: ACA) reported its fourth quarter and full-year results for 2022, revealing a 4% decline in revenues to $500.3 million. Excluding a divestiture in the storage tanks business, revenues grew by 8%. Fourth quarter net income surged to $154.6 million, while adjusted net income dropped 41% to $11.4 million. The company achieved 13% growth in adjusted EBITDA, normalizing for the divestiture, at $61.7 million. The divestiture improved balance sheet flexibility, ending 2022 with a net debt to adjusted EBITDA ratio of 1.2x. For 2023, Arcosa anticipates total revenues of $2.15 billion to $2.25 billion, reflecting a growth outlook amid increased infrastructure spending.