Arcosa Q1 Adj EBITDA $108.1M (+47% YoY); raises FY 2023 Adj EBITDA guidance to $345-370M

Arcosa, Inc.

2023-Q1 EPS reported $1.14 revenue$549,200,000

Revenue $549.2M (+15% ex-divested); Diluted EPS $1.14 vs $0.41; Adj Diluted EPS $1.06 vs $0.42.
Construction Products Adj EBITDA $76.4M (+85%) driven by pricing and $21.8M land gain; margin up 600bps to 19.7%.
Wind tower orders of ~$800M received in Q1, backlog $1.53B; IRA tax credit $3.2M recognized, full-year benefit est. $17-22M.
Barge orders $122M (book-to-bill 1.8); backlog $279M, ~68% deliverable in 2023.
FY 2023 revenue guidance raised to $2.2-2.3B from $2.15-2.25B; Adj EBITDA guidance raised to $345-370M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Arcosa, Inc. reported first quarter ended March 31, 2023 results: revenue $549.2, net income $55.7, EPS $1.14. Guidance raised.

Period: first quarter ended March 31, 2023
Revenue: $549.2
Net income: $55.7
EPS: $1.14
Guidance: raised
Result: reported results

Exact text from the filing

facilitate the comparison to prior year's results. First Quarter Highlights Three Months Ended March 31, 2023 2022 % Change ($ in millions, except per share amounts) Revenues $ 549.2 $ 535.8 3 % Revenues, excluding impact from divested business (1) $ 549.2 $ 475.9 15 % Net income $ 55.7 $ 20.2 176 % Adjusted Net Income (2) $ 51.7 $ 20.9 147 % Diluted EPS $

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Source: SEC EDGAR

accession 0001739445-23-000061

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