Record-Breaking Revenue and Growth
Q3 was a record quarter for Arcosa with revenue increasing 27% and adjusted EBITDA growing 51%, excluding the impact of the divested steel components business. Adjusted EBITDA margin reached a record 21.8%, improving by 340 basis points over the previous year.
Successful Integration of Stavola Acquisition
The $1.2 billion Stavola acquisition significantly contributed to growth, delivering $105 million in adjusted EBITDA with a 35.2% margin for the 12 months ending September 30.
Strong Performance in Construction Products
Third quarter revenues in Construction Products increased 46% with adjusted segment EBITDA up 62%. Margin expanded by 300 basis points to 29.7%.
Engineered Structures Segment Growth
Engineered Structures delivered strong organic performance with adjusted EBITDA increasing by 29% and margins expanding by 240 basis points.
Positive Cash Flow and Debt Reduction
Arcosa achieved a leverage ratio of 2.4x, ahead of the plan, with a free cash flow of $134 million, a 25% increase year-over-year.
Inland Barge Business Improvement
Inland barge revenues were up 22% with adjusted segment EBITDA increasing 36%, driven by higher tank barge volumes.