Arcosa, Inc. - ACA STOCK NEWS

Arcosa, Inc. (ACA) reported Q1 2021 revenues of $440.4 million, a 10% decline year-over-year. Net income was $15.9 million with diluted EPS at $0.32. Adjusted EBITDA fell 25% to $56.5 million. The company is optimistic, citing robust construction activity and solid order demand in its utility, traffic, and telecom sectors. However, ongoing steel price inflation is a concern, prompting the idling of a barge manufacturing plant. Arcosa raised its full-year revenue guidance to $1.88 billion-$2.00 billion, reflecting recent acquisitions, including StonePoint Materials.

Arcosa, Inc. (NYSE: ACA) has announced it will release its first-quarter results for the period ending March 31, 2021, after market close on April 29, 2021. An earnings call is scheduled for April 30, 2021, at 8:30 a.m. ET to discuss the financial results. The call will be accessible via webcast and phone, with a recording available until May 14, 2021. Arcosa operates in construction, engineered structures, and transportation markets, providing essential infrastructure-related products and solutions.

Arcosa, Inc. (NYSE: ACA) has finalized its acquisition of StonePoint Ultimate Holding, LLC for $375 million. StonePoint ranks among the top 25 aggregates companies in the U.S., with around 9 million tons of annual production across 20 locations. The acquisition is expected to generate at least $30 million in Adjusted EBITDA for 2021. Funding was achieved through a $400 million private offering of senior unsecured notes, which received ratings of BB from S&P and Ba2 from Moody's. The deal is projected to be accretive to earnings and margins, with updates to fiscal guidance expected soon.

Arcosa, Inc. (NYSE: ACA) announced the pricing of its $400 million offering of 4.375% senior notes due 2029. The offering is expected to close on April 6, 2021. Proceeds will finance the acquisition of StonePoint Ultimate Holding, repay existing borrowings, and support general corporate purposes. The Notes will be senior unsecured obligations, guaranteed by domestic subsidiaries. The offering is targeted towards qualified institutional buyers and is not registered under the Securities Act, hence subject to regulations.

Arcosa, Inc. (NYSE: ACA) plans a private offering of $400 million senior notes due in 2029 to fund the acquisition of StonePoint Ultimate Holding, LLC. The net proceeds will also be used to repay borrowings from a $150 million credit facility and for general corporate purposes. The offering is targeted at qualified institutional buyers and is not contingent on the acquisition's completion. The Notes will be senior unsecured obligations, guaranteed by Arcosa’s domestic subsidiaries.

Arcosa, Inc. (NYSE: ACA) has signed a definitive agreement to acquire StonePoint Ultimate Holding, LLC for $375 million in cash. StonePoint is among the top 25 aggregates companies in the U.S., producing approximately 9 million tons annually across 20 locations. The acquisition is projected to be accretive to Arcosa's earnings and margins in 2021, with StonePoint expected to generate $117 million in revenue and $28 million in Adjusted EBITDA. The deal is expected to close in April 2021, funded through cash reserves and available credit.

Arcosa, Inc. (NYSE: ACA) has declared a quarterly cash dividend of $0.05 per share on its common stock. This dividend will be payable on April 30, 2021 to stockholders of record as of April 15, 2021. Arcosa specializes in infrastructure-related products and operates through three main segments: Construction Products, Engineered Structures, and Transportation Products. The announcement reflects the company's commitment to returning value to its shareholders.

Arcosa, Inc. (NYSE: ACA) reported fourth-quarter revenue of $458.9 million, up 3% year-over-year, while net income was $10.5 million, impacted by a $4.5 million non-cash impairment. For the full year, revenue increased 11% to $1.94 billion, with an adjusted EBITDA growth of 18% to $283.7 million. The Construction Products segment saw a notable 35% revenue increase. Despite optimistic growth expectations for 2021, challenges persist in the Transportation Products segment, particularly for barge business due to COVID-19 impacts. Outlook for 2021 predicts revenues between $1.78 billion and $1.90 billion.