Arcosa Q1 2022 Earnings Report
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
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