Arcosa updates 2023 guidance: revenue $2.15B-$2.25B, adj. EBITDA $310M-$340M

Arcosa, Inc.

Revenue $2.24B in FY2022; adj. EBITDA $325M, up 15% YoY; adj. net income $106.8M.
2023 revenue guidance $2.15B-$2.25B; adj. EBITDA $310M-$340M; includes ~$22M Q1 land sale gain.
Completed sale of storage tanks for $275M in Oct 2022; proceeds to fund growth in Construction Products.
Growth businesses (Construction Products, Eng. Structures ex-wind) achieved 39% CAGR in adj. EBITDA since 2018.
Leverage at 1.2x net debt/Adjusted EBITDA post divestiture.

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