secwatch.observer — SEC 8-K summary
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Issuer:     Arcosa, Inc. (ACA)
CIK:        0001739445
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001739445-24-000111
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arcosa to acquire Stavola for $1.2B; Q2 revenue record $664.7M, Adj EBITDA up 31%
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- Acquisition of aggregates-led construction materials business in NY-NJ MSA for $1.2B cash; Stavola LTM revenue $283M, Adj EBITDA $100M.
- Q2 2024 revenue $664.7M (+14% YoY), net income $45.6M, diluted EPS $0.93; Adj EBITDA $112.7M (+31%), margin 17.0%.
- Raised low end of FY2024 Adj EBITDA guidance to $420M from $410M; range $420M-$440M.
- Divested steel components business for $137M; proceeds to pay down debt; also sold other non-core assets.
- Financing via bridge loan up to $1.2B; expected close Q4 2024; tax benefits NPV ~$125M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739445/000173944524000111/0001739445-24-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739445/000173944524000111/aca-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001739445-24-000111

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer