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Dec 31, 2023
Arcosa Q4 2023 Earnings Report
Arcosa's Q4 2023 performance showed revenue growth and significant adjusted EBITDA increase, driven by strong performance across all segments, normalizing for the storage tanks divestiture.
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%.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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