Arcosa Q3 2023 Earnings Report
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
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