Arcosa Q2 2022 Earnings Report
Key Takeaways
Arcosa, Inc. reported a strong second quarter with a 17% increase in revenues to $602.8 million and a 26% increase in Adjusted EBITDA to $99.2 million. The company raised its full-year Adjusted EBITDA guidance to a range of $325 million to $345 million. Strategic acquisitions, such as RAMCO, and organic growth projects are expected to contribute positively in 2023 and beyond.
Revenues increased by 17% to $602.8 million.
Net income increased by 41% to $39.0 million.
Adjusted EBITDA increased by 26% to $99.2 million.
Full year 2022 Adjusted EBITDA guidance increased to $325 million to $345 million.
Arcosa
Arcosa
Arcosa Revenue by Segment
Forward Guidance
Arcosa has adjusted its full year guidance, expecting revenues between $2.2 billion and $2.3 billion, and Adjusted EBITDA between $325 million and $345 million. This includes full year revenues of approximately $245 million to $255 million and Adjusted EBITDA of $52 million to $55 million from the storage tanks business.
Positive Outlook
- Strong year-to-date results.
- Increased confidence in the outlook for the second half of the year.
- Expect full-year Adjusted EBITDA growth of 18% at the mid-point of the range.
- Advancing growth objectives.
- Simplifying portfolio of leading businesses serving key infrastructure markets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income