NYSE$ACA

Arcosa Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Arcosa's Q1 2022 results were announced, featuring double-digit increases in revenues and Adjusted EBITDA, driven by Construction Products and Engineered Structures.

Arcosa reported strong first-quarter results, exceeding expectations with a 22% increase in revenues to $535.8 million and a 30% increase in Adjusted EBITDA. The company also advanced its portfolio simplification by entering into an agreement to sell its storage tanks business.

  • Revenues increased by 22% to $535.8 million.
  • Diluted EPS increased 28% to $0.41, and Adjusted Diluted EPS increased 20% to $0.42.
  • Adjusted EBITDA increased by 30% to $73.4 million.
  • The company received $105 million of orders in its barge business.

Headline financials

Total Revenue

$536M

Previous: $440M+21.7%
EPS (adj)

$0.42

Previous: $0.35+20.0%
Utility Structures Backlog

$421M

Previous: $380M+10.9%
Inland Barges Backlog

$151M

Previous: $133M+13.1%
Capital Expenditures

-$25.9M

Previous: -$19.9M-30.2%
Free Cash Flow

-$5.7M

Previous: -$4M-42.5%
Net Income

$20.2M

Previous: $15.9M+27.0%
Operating Income

$34.7M

Previous: $22.9M+51.5%
Gross Profit

$97.3M

Previous: $79.3M+22.7%
Cash & Equivalents

$88.6M

Previous: $81.9M+8.2%
Total Assets

$3.26B

Previous: $2.67B+22.2%
Stock-Based Comp

$4.4M

Previous: $4.7M-6.4%

Revenue & EPS history

Arcosa · Revenue · Quarterly

$536M

Q1 2022+21.7%vs Q1 2021
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Arcosa · $238M total across 2 segments · Q1 2022

  • Engineered Structures
    $191M+16.2%
  • Inland Barges
    $47M-18.8%

Forward guidance

The Company tightened its full year 2022 Adjusted EBITDA guidance range to $290 million to $305 million, from its prior guidance range of $280 million to $305 million. Expects to update its full year 2022 guidance for the sale of its storage tanks business at the close of the transaction.

Tailwinds

  • First quarter performance strengthens ability to achieve full year 2022 guidance.
  • Fundamentals for key growth businesses, Construction Products and Engineered Structures, remain favorable.
  • Company is managing cyclical businesses well, with first quarter performance exceeding expectations.
  • Actively working on pipeline of investment opportunities to redeploy proceeds from sale of storage tanks business in a timely manner.

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 2022

Historical avgQ1 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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