Arcosa reports Q3 revenue $591.7M, adjusted EBITDA up 24% ex-divestiture; maintains FY guidance

Arcosa, Inc.

2023-Q3 EPS reported $2.70 revenue$1,725,700,000

Diluted EPS $0.72, adjusted EPS $0.73; net income $35.5M vs $32.0M YoY.
Construction Products revenue +7% to $262.1M; segment EBITDA margin 22.4% (22.1% YoY).
Transportation Products revenue +30% to $107.1M; segment EBITDA margin 17.0% (5.9% YoY).
Completed three bolt-on acquisitions for $41M in September/October; maintains FY revenue guidance $2.25B-$2.3B, Adj. EBITDA $355M-$370M.
Free cash flow $1.7M (down from $40.7M) on higher capex and working capital; liquidity $633M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Arcosa, Inc. reported third quarter ended September 30, 2023 results: revenue $591.7, net income $35.5, EPS $0.72. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $591.7
Net income: $35.5
EPS: $0.72
Guidance: reaffirmed
Result: reported results

Exact text from the filing

the comparison to prior year's results. Third Quarter Highlights Three Months Ended September 30, 2023 2022 % Change ($ in millions, except per share amounts) Revenues $ 591.7 $ 603.9 (2) % Revenues, excluding impact from divested business (1) $ 591.7 $ 538.1 10 % Net income $ 35.5 $ 32.0 11 % Adjusted Net Income (2) $ 35.9 $ 33.7 7 % Diluted EPS $ 0.72

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Source: SEC EDGAR

accession 0001739445-23-000145

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