earnings
confidence high
sentiment positive
materiality 0.80
Arcosa Q3 Adj EBITDA +28% to $114M, raises FY24 guidance post $1.2B Stavola deal
Arcosa, Inc.
2024-Q3 EPS reported
$2.07
revenue$1,903,700,000
- Q3 Adj EBITDA $114M (+28%), Adj EPS $0.91 (+25%), operating CF $135M, free CF $107M.
- Construction Products Adj Segment EBITDA +21% to $71M; margin 26.7% (+430 bps).
- Engineered Structures revenue +26% to $279M; Adj Segment EBITDA +74%; backlog $1.26B.
- Closed $1.2B Stavola aggregates acquisition on Oct 1; issued $600M 6.875% notes.
- Raised FY24 Adj EBITDA guidance to $435-450M from $420-440M; pro forma Net Debt/EBITDA 3.4x.