Arcosa reports Q3 adjusted EPS $1.56, consensus $1.35

Reports Q3 revenue $797.8M, consensus $782.76M. Antonio Carrillo, president and CEO, commented, “Our third quarter performance underscores the success of our portfolio transformation. We had record results led by 27% revenue growth, roughly 50% Adjusted EBITDA improvement, and 340 basis points of Adjusted EBITDA Margin expansion. With strong third quarter cash conversion, we also achieved our stated leverage goal two quarters ahead of schedule and within one year of the transformational $1.2 billion Stavola acquisition.”