Arcosa Q1 revenue up 9% to $598.6M; raises FY2024 Adjusted EBITDA guidance to $410M-$440M

Arcosa, Inc.

2024-Q1 EPS reported $0.80 revenue$598,600,000

Q1 adjusted EPS $0.73 vs $1.06 prior year due to $21.8M land sale gain in 2023; normalized EBITDA grew 7%.
Operating cash flow $80.5M, up 195% YoY; free cash flow $30.3M vs $6.8M.
Full-year 2024 guidance raised: revenues $2.58B-$2.78B, Adjusted EBITDA $410M-$440M (prev $380M-$420M).
Construction Products rev +6.4%, Engineered Structures rev +11.5%, Transportation Products rev +10%.
Ameron acquisition closed April 9 for $180M, funded via debt; pro forma net debt/EBITDA 1.7x.

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 0.95

Arcosa, Inc. reported first quarter ended March 31, 2024 results: revenue $598.6, net income $39.2, EPS $0.80. Guidance raised.

Period: first quarter ended March 31, 2024
Revenue: $598.6
Net income: $39.2
EPS: $0.80
Guidance: raised
Result: reported results

Exact text from the filing

for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Three Months Ended March 31, 2024 2023 % Change ($ in millions, except per share amounts) Revenues $ 598.6 $ 549.2 9 % Net income $ 39.2 $ 55.7 (30) % Adjusted Net Income (1)(2) $ 36.0 $ 51.7 (30) % Diluted EPS (2) $ 0.80 $ 1.14 (30) % Adjusted Diluted EPS (1)(2) $ 0.73 $ 1.06 (31) %

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Source: SEC EDGAR

accession 0001739445-24-000065

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