NYSE$ACA

Arcosa Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Arcosa's Q2 2022 results were announced, featuring record revenues and Adjusted EBITDA, driven by strong performance in Engineered Structures and Construction Products, along with year-over-year growth in Transportation Products.

Arcosa, Inc. reported a strong second quarter with a 17% increase in revenues to $602.8 million and a 26% increase in Adjusted EBITDA to $99.2 million. The company raised its full-year Adjusted EBITDA guidance to a range of $325 million to $345 million. Strategic acquisitions, such as RAMCO, and organic growth projects are expected to contribute positively in 2023 and beyond.

  • Revenues increased by 17% to $602.8 million.
  • Net income increased by 41% to $39.0 million.
  • Adjusted EBITDA increased by 26% to $99.2 million.
  • Full year 2022 Adjusted EBITDA guidance increased to $325 million to $345 million.

Headline financials

Total Revenue

$603M

Previous: $515M+17.0%
EPS (adj)

$0.83

Previous: $0.60+38.3%
Utility Structures Backlog

$410M

Previous: $349M+17.7%
Inland Barges Backlog

$132M

Previous: $139M-5.5%
Capital Expenditures

-$52.9M

Previous: -$41.5M-27.5%
Free Cash Flow

-$13.9M

Previous: -$20.7M+32.9%
Net Income

$39M

Previous: $20.8M+87.5%
Operating Income

$57.2M

Previous: $31.3M+82.7%
Gross Profit

$124M

Previous: $97.7M+26.4%
Cash & Equivalents

$77M

Previous: $100M-23.2%
Total Assets

$3.34B

Previous: $3.09B+8.0%
Stock-Based Comp

$5.7M

Previous: $4.1M+39.0%

Revenue & EPS history

Arcosa · Revenue · Quarterly

$603M

Q2 2022+17%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Arcosa · $261M total across 2 segments · Q2 2022

  • Engineered Structures
    $207M+7.9%
  • Inland Barges
    $53.8M+9.8%

Forward guidance

Arcosa has adjusted its full year guidance, expecting revenues between $2.2 billion and $2.3 billion, and Adjusted EBITDA between $325 million and $345 million. This includes full year revenues of approximately $245 million to $255 million and Adjusted EBITDA of $52 million to $55 million from the storage tanks business.

Tailwinds

  • Strong year-to-date results.
  • Increased confidence in the outlook for the second half of the year.
  • Expect full-year Adjusted EBITDA growth of 18% at the mid-point of the range.
  • Advancing growth objectives.
  • Simplifying portfolio of leading businesses serving key infrastructure markets.

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 Q2 2022

Historical avgQ2 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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