earnings
confidence high
sentiment positive
materiality 0.70
Arcosa Q4 adj EBITDA +38% ex-divestiture; guides FY2024 rev $2.46-2.72B
Arcosa, Inc.
2023-FY EPS reported
$3.26
revenue$2,307,900,000
- Q4 revenue $582.2M (+17% ex-divestiture); adj EBITDA $84.3M, +38% ex-divestiture, margin 14.5% (+220bps).
- Full-year free cash flow $94.1M (+37%); liquidity $522.8M, net debt/EBITDA 1.3x.
- FY2024 guidance: revenue $2.46-2.72B, adj EBITDA $380-420M (incl. prior-year $22M land gain).
- Transportation Products rev +49%, adj EBITDA +67%; barge backlog $253.7M, book-to-bill 1.2 in Q4.
- Deployed ~$120M in bolt-on acquisitions in Construction Products in 2023; $102M in Q4 alone.