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Sep 30, 2021
Arcosa Q3 2021 Earnings Report
Arcosa's Q3 2021 results were announced, featuring double-digit growth in revenues and Adjusted EBITDA, driven by Construction Products and Engineered Structures.
Key Takeaways
Arcosa reported strong Q3 2021 results, with revenues up 14% to $559.1 million and Adjusted EBITDA up 12% to $82.0 million. The growth was primarily driven by the Construction Products and Engineered Structures segments, offsetting lower results in Transportation Products. The company is managing inflationary pressures by raising prices and aligning capacity with demand.
Revenues increased by 14% to $559.1 million.
Net income reached $23.7 million, with an Adjusted Net Income of $27.8 million.
Adjusted EBITDA grew by 12% to $82.0 million.
The company received approximately $175 million in wind tower orders, providing a base level of production visibility for 2022.
Arcosa
Arcosa
Arcosa Revenue by Segment
Revenue by Segment
Engineered Structures Revenue
CapyFin.comTransportation Products Revenue
CapyFin.com Forward Guidance
Arcosa expects to incur costs related to adjusting wind tower capacity in the fourth quarter, leading to a tightening in its 2021 full year Adjusted EBITDA guidance range to $272 million to $280 million. The Company is maintaining its 2021 Adjusted Segment EBITDA guidance for Transportation Products of approximately $25 million.
Positive Outlook
- Healthy market drivers across key growth businesses, Construction Products and Engineered Structures.
- Incredible portfolio of businesses, geared toward attractive infrastructure markets.
- Dedication and hard work of employees has positioned Arcosa for continued long-term growth.
Challenges Ahead
- Costs related to adjusting wind tower capacity in anticipation of lower planned deliveries in 2022.
- Challenges in certain other business lines.
- Tightening in its 2021 full year Adjusted EBITDA guidance range to $272 million to $280 million compared to its previous range of $270 million to $290 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income