Arcosa reports Q1 adjusted EPS 49c, consensus 18c

Reports Q1 revenue $632.0M, consensus $614.5M. The company said, “Our first quarter results demonstrate solid execution of our strategic vision, driven by transformative actions undertaken over the past several years. Our strong results were driven by double-digit Adjusted EBITDA growth and approximately 275 basis points of organic margin expansion. Engineered Structures outperformed our expectations due to robust demand and operating improvements in utility structures, higher wind tower volumes, and the accretive impact of Ameron. The barge business also performed well during the quarter and continued to add to our backlog with a 1.7 book-to-bill. Construction Products faced unfavorable weather conditions, but our legacy business was able to expand margin even with lower volumes. The integration of the $1.2 billion Stavola acquisition, completed in October 2024, continues to progress very well and operations are ramping for the spring construction season in the Northeast. As expected, Stavola’s contribution was dilutive to our first quarter results in its seasonally slowest quarter.”