other material
confidence high
sentiment positive
materiality 0.75
Arcosa issues 2025 guidance: Revenue $2.8-3.0B, Adj. EBITDA $545-595M
Arcosa, Inc.
- 2025 guidance: Revenue $2.8-3.0B, Adj. EBITDA $545-595M, growth of 17-34% vs 2024 excluding divested Steel Components.
- Completed $1.2B Stavola and $180M Ameron acquisitions, divested Steel Components in 2024; Construction Products now 62% of EBITDA.
- Construction Products pro forma margin ~27%; overall margin excl. Steel Components improved to 17.7% in 2024 from 15.1%.
- Net debt to Adj. EBITDA at 2.5x at year-end 2024; targeting 2.0-2.5x within 18 months. 2025 capex $145-165M.
- Market outlook: aggregates pricing mid-single-digit growth; utility transmission and wind upcycle; barge fleet replacement demand.