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Mar 31, 2022
Arcosa Q1 2022 Earnings Report
Arcosa's Q1 2022 results were announced, featuring double-digit increases in revenues and Adjusted EBITDA, driven by Construction Products and Engineered Structures.
Key Takeaways
Arcosa reported strong first-quarter results, exceeding expectations with a 22% increase in revenues to $535.8 million and a 30% increase in Adjusted EBITDA. The company also advanced its portfolio simplification by entering into an agreement to sell its storage tanks business.
Revenues increased by 22% to $535.8 million.
Diluted EPS increased 28% to $0.41, and Adjusted Diluted EPS increased 20% to $0.42.
Adjusted EBITDA increased by 30% to $73.4 million.
The company received $105 million of orders in its barge business.
Arcosa
Arcosa
Arcosa Revenue by Segment
Revenue by Segment
Engineered Structures Revenue
CapyFin.comTransportation Products Revenue
CapyFin.com Forward Guidance
The Company tightened its full year 2022 Adjusted EBITDA guidance range to $290 million to $305 million, from its prior guidance range of $280 million to $305 million. Expects to update its full year 2022 guidance for the sale of its storage tanks business at the close of the transaction.
Positive Outlook
- First quarter performance strengthens ability to achieve full year 2022 guidance.
- Fundamentals for key growth businesses, Construction Products and Engineered Structures, remain favorable.
- Company is managing cyclical businesses well, with first quarter performance exceeding expectations.
- Actively working on pipeline of investment opportunities to redeploy proceeds from sale of storage tanks business in a timely manner.
Revenue & Expenses
Visualization of income flow from segment revenue to net income