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Dec 31, 2021
Arcosa Q4 2021 Earnings Report
Arcosa's Q4 2021 results saw double-digit revenue and Adjusted EBITDA growth, driven by Construction Products and Engineered Structures, with recent acquisitions and strong fundamentals boosting Construction Products' Adjusted Segment EBITDA by 51%.
Key Takeaways
Arcosa, Inc. reported a 14% increase in revenues to $521.8 million for Q4 2021, with net income at $9.2 million and Adjusted EBITDA up 17% to $65.9 million. Strong free cash flow of $65.4 million supported debt repayment of $75.0 million.
Revenues increased by 14% to $521.8 million.
Net income was $9.2 million, with Adjusted Net Income at $19.2 million.
Diluted EPS was $0.19, while Adjusted Diluted EPS increased by 21% to $0.40.
Adjusted EBITDA increased by 17% to $65.9 million.
Revenue by Segment
Forward Guidance
Arcosa anticipates revenue between $2.1 billion and $2.2 billion and Adjusted EBITDA between $280 million and $305 million for FY 2022.
Positive Outlook
- Continued strength in key businesses in Construction Products.
- Continued strength in key businesses in Engineered Structures.
- Mid-point of 2022 Adjusted EBITDA guidance exceeds 2021 with consistent overall margins.
- Recent deceleration in steel prices.
- Strengthening in the level of order inquiries from barge customers.
Challenges Ahead
- Adjusted EBITDA guidance range of $20 to $25 million for wind towers business and Transportation Products segment.
- Wind towers business and Transportation Products segment Adjusted EBITDA was $129 million in 2018.
- Early indications of improvement in wind towers business is slow.
- Early indications of improvement in Transportation Products segment is slow.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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