Arcosa Q4 2023 Earnings Report
Key Takeaways
Arcosa reported a strong fourth quarter with a 16% increase in revenues to $582.2 million. Adjusted EBITDA grew by 38%, normalized for the storage tanks divestiture, with margin expansion of 220 basis points. The company generated $94 million of free cash flow for the full year and ended the year in a strong financial position with a Net Debt to Adjusted EBITDA ratio of 1.3x.
Revenues increased by 16% to $582.2 million.
Adjusted EBITDA grew by 38%, normalizing for the storage tanks divestiture.
Adjusted EBITDA margin expanded by 220 basis points.
Free cash flow for the full year was $94 million, up 37%.
Arcosa
Arcosa
Arcosa Revenue by Segment
Forward Guidance
Arcosa is poised for another strong year in 2024, reflecting multi-year tailwinds from infrastructure spending across our diversified portfolio of businesses.
Positive Outlook
- Consolidated revenues of $2.46 billion to $2.72 billion, compared to $2.31 billion in 2023.
- Consolidated Adjusted EBITDA of $380 million to $420 million, compared to $367.6 million in 2023, including $22 million from a land sale gain in the first quarter of 2023.
- Multi-year tailwinds from infrastructure spending.
- Healthy commercial environment.
- Focus on driving strong operational execution and increasing profitability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income