Arcosa, Inc. - ACA STOCK NEWS

Arcosa, Inc. (NYSE: ACA) announced its upcoming earnings release for the first quarter ended March 31, 2023, set for April 27, 2023, after market close. The company will host an earnings call the following day at 8:30 a.m. ET to discuss its results. Investors can access the call via webcast or dial in using the provided numbers. A recorded version of the call will be made available through May 12, 2023. Arcosa, headquartered in Dallas, Texas, specializes in infrastructure-related products across three segments: Construction Products, Engineered Structures, and Transportation Products. More details can be found on their investor relations website.

Arcosa, Inc. (NYSE: ACA) has secured wind tower orders valued at approximately $750 million, set for delivery from 2024 to 2028, primarily supporting wind energy projects in the Southwest. To meet this demand, Arcosa will establish a new manufacturing facility in Belen, New Mexico, investing $55 million to $60 million in property modification and equipment procurement. This move responds to rising clean energy demand following the Inflation Reduction Act, which has already generated over $1.1 billion in wind tower orders for the company. Production is slated to commence mid-2024.

Arcosa, Inc. (NYSE: ACA) has announced a quarterly cash dividend of $0.05 per share on its common stock, with a payment date set for April 28, 2023. Shareholders of record as of April 14, 2023 will receive this dividend. Headquartered in Dallas, Texas, Arcosa focuses on infrastructure-related products across construction, engineered structures, and transportation sectors. The company operates through three main segments: Construction Products, Engineered Structures, and Transportation Products.

Arcosa, Inc. (NYSE: ACA) reported its fourth quarter and full-year results for 2022, revealing a 4% decline in revenues to $500.3 million. Excluding a divestiture in the storage tanks business, revenues grew by 8%. Fourth quarter net income surged to $154.6 million, while adjusted net income dropped 41% to $11.4 million. The company achieved 13% growth in adjusted EBITDA, normalizing for the divestiture, at $61.7 million. The divestiture improved balance sheet flexibility, ending 2022 with a net debt to adjusted EBITDA ratio of 1.2x. For 2023, Arcosa anticipates total revenues of $2.15 billion to $2.25 billion, reflecting a growth outlook amid increased infrastructure spending.

Arcosa, Inc. (NYSE: ACA) is set to release its financial results for the fourth quarter and full year ending December 31, 2022, after market close on February 23, 2023. An earnings call will follow on February 24, 2023, at 8:30 a.m. Eastern Time, accessible via webcast and dial-in options. A recording of the call will be available until March 10, 2023. Arcosa operates in construction, engineered structures, and transportation markets, offering infrastructure-related products. For more updates, visit ir.arcosa.com.

Arcosa, Inc. (NYSE: ACA) has appointed Steven J. Demetriou as an independent member of its Board of Directors effective February 1, 2023. He fills the vacancy left by the retirement of Douglas L. Rock on November 4, 2022. Demetriou, with over two decades in executive roles, including as Executive Chair of Jacobs, is expected to bring valuable insights to Arcosa’s Governance, Sustainability, and Human Resources Committees. His experience in leading ESG initiatives and strategic oversight is anticipated to strengthen the board's capabilities as Arcosa continues its growth in infrastructure-related products and solutions.

Arcosa, Inc. (NYSE: ACA) declared a quarterly cash dividend of $0.05 per share, payable on January 31, 2023, to stockholders of record as of January 13, 2023. Additionally, the company renewed its $50 million share repurchase program, effective from January 1, 2023 through December 31, 2024, replacing the existing program. This initiative allows for repurchases in open market or private transactions based on market evaluations.

Arcosa, Inc. (NYSE: ACA) reported Q3 2022 results, showcasing an 8% revenue increase to $603.9 million and a 35% rise in net income to $32 million. Adjusted EBITDA grew by 11% to $90.8 million, with margins expanding despite inflation. The company completed a $275 million divestiture of its storage tanks business, enhancing cash flow for reinvestment. Key growth segments included Engineered Structures, with a 42% EBITDA increase. However, challenges such as high steel prices and slowed residential construction impacted some areas. Full-year revenue guidance adjusted to $2.20-$2.25 billion.

Arcosa, Inc. (NYSE: ACA) will release its third quarter results on November 2, 2022, after market close. An earnings call will follow on November 3, 2022, at 8:30 a.m. Eastern Time. This call will discuss key financial metrics across its three business segments: Construction Products, Engineered Structures, and Transportation Products. Investors can access a recording of the call until November 17, 2022, and year-long replays will be available on their website.