NYSE$ACA
Arcosa Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Arcosa's Q4 2022 performance was marked by revenue of $500.3 million and net income of $154.6 million, with strategic divestitures and acquisitions shaping segment results.
Arcosa reported Q4 2022 results with a revenue of $500.3 million and a net income of $154.6 million. The company experienced growth in Construction Products, offset by declines in Transportation Products. Strategic actions, including the divestiture of the storage tanks business and acquisitions, influenced segment performance.
- Fourth Quarter Adjusted EBITDA grew by 13%, normalized for the divestiture of the Storage Tanks Business.
- Strong Fourth Quarter Pricing Gains within Construction Products Offset Volume Declines.
- Booked Orders of $371 Million for Wind Towers and $134 Million for Barge During the Quarter.
- Net Debt to Adjusted EBITDA of 1.2x at Year End Provides Balance Sheet Flexibility For Disciplined Capital Allocation.
Headline financials
Revenue & EPS history
Arcosa · Revenue · Quarterly
$500M
Revenue by segment
Arcosa · $243M total across 2 segments · Q4 2022
- Engineered Structures$205M+18.3%84.3%
- Inland Barges$38.2M-24.2%15.7%
Forward guidance
Arcosa announced the following total Company guidance for full year 2023: •Consolidated revenues of $2.15 billion to $2.25 billion, compared to $2.05 billion in 2022, excluding $188.9 million from the storage tanks business •Consolidated Adjusted EBITDA of $310 million to $340 million, compared to $278.2 million in 2022, excluding $46.9 million from the storage tanks business •Adjusted EBITDA guidance includes an approximate $22 million gain on the sale of land with depleted reserves within our Construction Products segment that will be recognized in the first quarter
Tailwinds
- Strong pricing gains in Construction Products from 2022 will carry forward into 2023.
- Increased funding for infrastructure projects is expected to positively impact the business.
- Healthy demand for multi-family and non-residential construction is anticipated.
- Recent orders in wind tower and barge businesses are encouraging.
- Additional wind tower orders of approximately $45 million received in January 2023.
Headwinds
- Affordability-driven weakness in single-family housing starts is expected to have an impact.
- 2023 is anticipated to be a transition year for the wind industry supply chain.
- The wind industry supply chain will take time to ramp up following the passage of the Inflation Reduction Act.
- Ramping up manufacturing capacity to prepare for the expected multi-year recovery in 2024 and beyond will require investment.
- Macro-economic uncertainty could impact the company's performance.
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 Q4 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
| 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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