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Sep 30, 2023
Arcosa Q3 2023 Earnings Report
Arcosa announced Q3 2023 results, with double-digit revenue and Adjusted EBITDA growth, normalizing for the sale of the storage tanks business.
Key Takeaways
Arcosa reported strong Q3 2023 results, driven by Construction and Transportation Products, which compensated for a decline in Engineered Structures. Revenues were $591.7 million. Adjusted EBITDA, excluding the impact from the divested business, increased by 24%. The company completed three construction products acquisitions for $41 million.
Revenues, excluding impact from divested business increased 10 %.
Net income increased 11 %.
Adjusted EBITDA, excluding impact from divested business increased 24 %.
Barge backlog is up 87% year-over-year and extends into the second half of 2024 with improved pricing.
Arcosa
Arcosa
Arcosa Revenue by Segment
Revenue by Segment
Engineered Structures Revenue
CapyFin.comTransportation Products Revenue
CapyFin.com Forward Guidance
The Company maintains its full year 2023 guidance: Consolidated revenue of $2.25 billion to $2.30 billion. Consolidated Adjusted EBITDA of $355 million to $370 million.
Positive Outlook
- Arcosa is well-positioned for continued growth.
- Backlogs in our cyclical businesses provide visibility for stronger performance
- The fundamentals in our growth businesses are favorable.
- Remain focused on building long-term shareholder value through the consistent execution of our strategy.
Revenue & Expenses
Visualization of income flow from segment revenue to net income