Arcosa raises FY23 guidance low end; Q2 diluted EPS $0.84, cash flow +47%

Arcosa, Inc.

2023-Q2 EPS reported $1.98 revenue$1,134,000,000

Diluted EPS $0.84, up 6% YoY; net income $40.9M, up 5%.
Revenue $584.8M (-3% reported; +8% ex-storage tanks); Construction +8%, Transportation +28%.
Operating cash flow $127.6M, up 47% YoY; free cash flow $75.6M, up 11%.
Adjusted EBITDA $85.8M (-14% reported; +3% ex-divestiture); margins down 70 bps ex-divestiture.
2023 guidance: revenue range raised to $2.25-2.30B; Adj. EBITDA range raised to $355-370M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Arcosa, Inc. reported second quarter ended June 30, 2023 results: revenue $584.8, net income $40.9, EPS $0.84. Guidance raised.

Period: second quarter ended June 30, 2023
Revenue: $584.8
Net income: $40.9
EPS: $0.84
Guidance: raised
Result: reported results

Exact text from the filing

facilitate the comparison to prior year's results. Second Quarter Highlights Three Months Ended June 30, 2023 2022 % Change ($ in millions, except per share amounts) Revenues $ 584.8 $ 602.8 (3) % Revenues, excluding impact from divested business (1) $ 584.8 $ 540.9 8 % Net income $ 40.9 $ 39.0 5 % Adjusted Net Income (2) $ 37.3 $ 40.9 (9) % Diluted EPS $ 0.84

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Source: SEC EDGAR

accession 0001739445-23-000126

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