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Arcosa (ACA): Strong Industry, Solid Earnings Estimate Revisions
Zacks Investment Research· 2024-05-13 13:40
One stock that might be an intriguing choice for investors right now is Arcosa, Inc. (ACA) . This is because this security in the Building Products - Miscellaneous space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in t ...
Arcosa, Inc. (ACA) Hit a 52 Week High, Can the Run Continue?
Zacks Investment Research· 2024-05-08 14:17
Have you been paying attention to shares of Arcosa (ACA) ? Shares have been on the move with the stock up 5.1% over the past month. The stock hit a new 52-week high of $89.17 in the previous session. Arcosa has gained 6.3% since the start of the year compared to the 10.5% move for the Zacks Construction sector and the 11.1% return for the Zacks Building Products - Miscellaneous industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed o ...
All You Need to Know About Arcosa (ACA) Rating Upgrade to Buy
Zacks Investment Research· 2024-05-06 17:01
Arcosa (ACA) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Individual inve ...
Arcosa(ACA) - 2024 Q1 - Earnings Call Transcript
2024-05-03 15:38
Arcosa, Inc. (NYSE:ACA) Q1 2024 Earnings Conference Call April 3, 2024 8:30 AM ET Company Participants Erin Drabek - Director, IR Antonio Carrillo - President and CEO Gail Peck - CFO Conference Call Participants Ian Zaffino - Oppenheimer Brent Thielman - D.A. Davidson Garik Shmois - Loop Capital Markets Trey Grooms - Stephens Operator Good morning, ladies and gentlemen, and welcome to the Arcosa, Inc. First Quarter 2024 Earnings Conference Call. My name is Jamie, and I will be your conference call coordinat ...
Arcosa(ACA) - 2024 Q1 - Quarterly Report
2024-05-03 14:47
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ . Commission File Number 1-38494 Arcosa, Inc. (Exact name of registrant as specified in its charter) Delaware 82-5339416 (State or Othe ...
Arcosa(ACA) - 2024 Q1 - Quarterly Results
2024-05-02 20:21
Exhibit 99.1 News Release FOR IMMEDIATE RELEASE Arcosa, Inc. Announces First Quarter 2024 Results and Raises Full Year 2024 Guidance – First Quarter Revenues Up 9%, with Contribution From All Three Segments – Adjusted EBITDA Growth of 7%, Normalizing for the $22 Million Land Sale Gain in 2023 – Operating Cash Flow of $81 Million, Up 195% – Full Year 2024 Adjusted EBITDA Guidance Range Increased to $410 Million to $440 Million, Reflecting Recently Completed Ameron Acquisition and Solid First Quarter Results ...
Arcosa (ACA) Buys Ameron, Expands Infrastructure Portfolio
Zacks Investment Research· 2024-04-10 17:16
Arcosa, Inc. (ACA) , a prominent provider of infrastructure solutions, has finalized the acquisition of Ameron Pole Products LLC from NOV Inc. (NOV) for $180 million. Ameron's acquisition enhances Arcosa's product offerings in traffic and telecom structures, marking the company's entry into the concrete and steel lighting pole market. Buyout Synergies Ameron, established in 1970, specializes in manufacturing concrete and steel poles for various infrastructure applications. With four strategically located ma ...
Should You Invest in Arcosa (ACA) Based on Bullish Wall Street Views?
Zacks Investment Research· 2024-04-04 14:36
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Arcosa (ACA) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Arcosa currently has an average brokerage re ...
Arcosa (ACA) to Boost Infrastructure Presence With Ameron Buyout
Zacks Investment Research· 2024-03-12 17:16
Arcosa, Inc. (ACA) inked a deal with NOV Inc. (NOV) to acquire Ameron Pole Products, LLC for $180 million. The purchase will be funded through cash and available revolver capacity. The move will enhance Arcosa's presence in key infrastructure markets and is expected to boost overall company margins. It also represents ACA's entry into the complementary concrete and steel pole lighting market, further expanding its position in traffic and telecommunication structures. The acquisition aligns with Arcosa's str ...
Arcosa Announces Agreement to Acquire Ameron Pole Products from NOV Inc.
Businesswire· 2024-03-11 12:00
DALLAS--(BUSINESS WIRE)--Arcosa, Inc. (NYSE: ACA) ("Arcosa," the "Company," "We," or "Our,"), a provider of infrastructure-related products and solutions, today announced that it has entered into a definitive agreement to acquire Ameron Pole Products, LLC ("Ameron") from NOV Inc. (NYSE: NOV) for $180 million in cash. Founded in 1970, Ameron is a leading manufacturer of highly engineered, premium concrete and steel poles for a broad range of infrastructure applications, including lighting, traffic, electric ...