Arcosa Inc Stock Price, News & Analysis

Arcosa has reported its Q2 2021 results, showing revenues of $515.1 million (+3% YoY) and a net income of $20.8 million. The company also announced the acquisition of Southwest Rock for $150 million, expected to strengthen its position in the Phoenix market. Construction Products revenues surged 38% due to the StonePoint acquisition, while Transportation Products faced challenges with a 47% revenue decline. Adjusted EBITDA guidance for 2021 remains at $270-$290 million, despite market pressures from high steel prices. The acquisition supports Arcosa's strategy to enhance revenue stability.

Arcosa (NYSE: ACA) will release its second quarter results for the period ending June 30, 2021, on August 4, 2021, after market close. An earnings call is scheduled for August 5, 2021, at 8:30 a.m. ET, which can be accessed via webcast or phone. Domestic callers can dial 866-342-8588, while international callers can reach 203-518-9865. A recording of the call will be available until August 19, 2021. Arcosa operates in construction, engineered structures, and transportation markets, providing infrastructure-related products and solutions.

Arcosa, Inc. (NYSE: ACA) has appointed Gail Peck as its new Chief Financial Officer and Treasurer, succeeding Scott C. Beasley, who is resigning to take a CFO role at another company. Peck, who has been with Arcosa since its inception as an independent public company in November 2018, previously held key finance roles at Trinity Industries and Centex Corporation. President and CEO Antonio Carrillo expressed confidence in Peck’s extensive experience and knowledge of the company’s operations, highlighting her expected contributions as Arcosa continues to pursue growth in the infrastructure sector.

Arcosa, Inc. (NYSE: ACA) has declared a quarterly cash dividend of $0.05 per share on its $0.01 par value common stock. This dividend is payable on July 30, 2021 to stockholders of record as of July 15, 2021. Arcosa is a leader in infrastructure-related products, including construction and transportation solutions, and operates through three main segments: Construction Products, Engineered Structures, and Transportation Products.

Arcosa, Inc. (ACA) reported Q1 2021 revenues of $440.4 million, a 10% decline year-over-year. Net income was $15.9 million with diluted EPS at $0.32. Adjusted EBITDA fell 25% to $56.5 million. The company is optimistic, citing robust construction activity and solid order demand in its utility, traffic, and telecom sectors. However, ongoing steel price inflation is a concern, prompting the idling of a barge manufacturing plant. Arcosa raised its full-year revenue guidance to $1.88 billion-$2.00 billion, reflecting recent acquisitions, including StonePoint Materials.

Arcosa, Inc. (NYSE: ACA) has announced it will release its first-quarter results for the period ending March 31, 2021, after market close on April 29, 2021. An earnings call is scheduled for April 30, 2021, at 8:30 a.m. ET to discuss the financial results. The call will be accessible via webcast and phone, with a recording available until May 14, 2021. Arcosa operates in construction, engineered structures, and transportation markets, providing essential infrastructure-related products and solutions.

Arcosa, Inc. (NYSE: ACA) has finalized its acquisition of StonePoint Ultimate Holding, LLC for $375 million. StonePoint ranks among the top 25 aggregates companies in the U.S., with around 9 million tons of annual production across 20 locations. The acquisition is expected to generate at least $30 million in Adjusted EBITDA for 2021. Funding was achieved through a $400 million private offering of senior unsecured notes, which received ratings of BB from S&P and Ba2 from Moody's. The deal is projected to be accretive to earnings and margins, with updates to fiscal guidance expected soon.

Arcosa, Inc. (NYSE: ACA) announced the pricing of its $400 million offering of 4.375% senior notes due 2029. The offering is expected to close on April 6, 2021. Proceeds will finance the acquisition of StonePoint Ultimate Holding, repay existing borrowings, and support general corporate purposes. The Notes will be senior unsecured obligations, guaranteed by domestic subsidiaries. The offering is targeted towards qualified institutional buyers and is not registered under the Securities Act, hence subject to regulations.