NYSE$ACA
Arcosa Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Arcosa's Q1 2021 results exceeded expectations due to strong construction products performance.
Arcosa reported Q1 2021 results ahead of expectations, driven by strong performance in the Construction Products businesses. The company's portfolio demonstrated resilience, with construction activity being robust, particularly in key Texas markets. Arcosa also raised its full year 2021 guidance following the StonePoint Materials acquisition.
- Revenues decreased by 10% to $440.4 million.
- Net income was $15.9 million, with a diluted EPS of $0.32.
- Adjusted EBITDA decreased by 25% to $56.5 million.
- The combined backlog for utility, wind, and related structures increased to $379.5 million from $334.0 million at the end of 2020.
Headline financials
Revenue & EPS history
Arcosa · Revenue · Quarterly
$440M
Revenue by segment
Arcosa · $222M total across 2 segments · Q1 2021
- Engineered Structures$164M-7.0%73.9%
- Inland Barges$57.9M-34.9%26.1%
Forward guidance
Arcosa raised its full year 2021 guidance to incorporate the acquisition of StonePoint Materials. Full year 2021 revenue guidance increased to a range of $1.88 billion to $2.00 billion, from prior guidance range of $1.78 billion to $1.90 billion. Adjusted EBITDA guidance increased to a range of $270 million to $290 million, from prior guidance range of $250 million to $270 million.
Tailwinds
- Key growth businesses, Construction Products and Engineered Structures, are positioned well for the future.
- Optimistic on a recovery in barge and rail components businesses once steel prices moderate.
- The StonePoint acquisition is an outstanding strategic fit for Arcosa, aligning with the strategy to expand the Aggregates business.
- Updated 2021 Adjusted EBITDA guidance puts the company on a path to meet or exceed 2020’s strong results.
- Balance sheet and liquidity remain solid, and expect to supplement this with another year of healthy free cash flow.
Headwinds
- Steel-related businesses are expected to continue to experience the impact of inflationary pressures.
- High steel prices continue to impact conversion of inquiries to new orders in the barge business.
- Planned idling of one of three barge manufacturing plants to match operating footprint to industry demand.
- Winter Storm Uri negatively impacted the first quarter performance, with an estimated decline in operating profit of $4.0 to $5.0 million.
- Corporate expenses are expected to increase due to acquisition-related transaction and integration costs.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+1.5%
Avg return
Earnings day
+3.5%
Avg return
5 days after
+1.3%
Avg return
30 days after
50%
18 / 36 earnings
Positive
+24.2%
Q1 2018
Best reaction
-16.3%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.4% | +3.9% | +0.2% | |
| Q4 2025 | -16.3% | -11.7% | -19.3% | |
| Q3 2025 | -1.1% | +7.6% | +14.3% | |
| Q1 2025 | -4.5% | +5.3% | +4.2% | |
| Q4 2024 | -8.4% | -10.1% | -12.7% | |
| Q3 2024 | -0.7% | +1.5% | +15.2% | |
| Q2 2024 | -14.8% | -16.4% | -1.5% | |
| Q1 2024 | +11.7% | +15.0% | +15.1% | |
| Q4 2023 | -0.0% | +0.9% | +4.0% | |
| Q3 2023 | -5.7% | -1.6% | +9.1% | |
| Q2 2023 | +2.5% | +0.2% | +3.6% | |
| Q1 2023 | +15.8% | +18.8% | +15.3% | |
| Q4 2022 | +10.3% | +6.2% | +6.3% | |
| Q3 2022 | -2.7% | -8.5% | -2.8% | |
| Q2 2022 | +13.8% | +19.5% | +8.9% | |
| Q1 2022 | +1.8% | +4.3% | +3.6% | |
| Q4 2021 | +5.4% | +12.8% | +24.5% | |
| Q3 2021 | -3.0% | +3.7% | -0.7% | |
| Q2 2021 | -4.5% | -6.6% | -6.0% | |
| Q1 2021 | -5.0% | +1.6% | +0.1% | |
| Q4 2020 | -12.1% | +5.6% | +3.1% | |
| Q3 2020 | -1.1% | +1.9% | +18.2% | |
| Q2 2020 | -1.8% | -0.1% | +8.1% | |
| Q1 2020 | -3.3% | -10.5% | -2.7% | |
| Q4 2019 | +3.7% | +7.0% | -11.3% | |
| Q3 2019 | +3.8% | +6.0% | +6.0% | |
| Q2 2019 | -6.2% | -8.1% | -13.4% | |
| Q1 2018 | +24.2% | +19.8% | +11.9% | |
| Q1 2019 | +20.7% | +18.0% | +9.3% | |
| Q4 2016 | +6.4% | +8.7% | -4.2% | |
| Q2 2018 | +6.4% | +8.7% | -4.2% | |
| Q2 2017 | +6.4% | +8.7% | -4.2% | |
| Q1 2017 | +6.4% | +8.7% | -4.2% | |
| Q4 2018 | +6.1% | +10.6% | -3.2% | |
| Q3 2017 | +1.5% | -1.9% | -21.1% | |
| Q3 2018 | +1.5% | -1.9% | -21.1% |
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