NYSE$ACA
Arcosa Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Arcosa announced Q3 2023 results, with double-digit revenue and Adjusted EBITDA growth, normalizing for the sale of the storage tanks business.
Arcosa reported strong Q3 2023 results, driven by Construction and Transportation Products, which compensated for a decline in Engineered Structures. Revenues were $591.7 million. Adjusted EBITDA, excluding the impact from the divested business, increased by 24%. The company completed three construction products acquisitions for $41 million.
- Revenues, excluding impact from divested business increased 10 %.
- Net income increased 11 %.
- Adjusted EBITDA, excluding impact from divested business increased 24 %.
- Barge backlog is up 87% year-over-year and extends into the second half of 2024 with improved pricing.
Headline financials
Revenue & EPS history
Arcosa · Revenue · Quarterly
$592M
Revenue by segment
Arcosa · $290M total across 2 segments · Q3 2023
- Engineered Structures$223M+5.4%76.8%
- Inland Barges$67.3M+32.2%23.2%
Forward guidance
The Company maintains its full year 2023 guidance: Consolidated revenue of $2.25 billion to $2.30 billion. Consolidated Adjusted EBITDA of $355 million to $370 million.
Tailwinds
- Arcosa is well-positioned for continued growth.
- Backlogs in our cyclical businesses provide visibility for stronger performance
- The fundamentals in our growth businesses are favorable.
- Remain focused on building long-term shareholder value through the consistent execution of our strategy.
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 Q3 2023
+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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