Arcosa (ACA) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this provider of infrastructure-related products and services would post earnings of $0.57 per share when it actually produced earnings of $0.73, delivering a surprise of 28.07%.Ove ...

Exhibit 99.1 News Release FOR IMMEDIATE RELEASE Arcosa, Inc. Announces Second Quarter 2024 Results – Record Quarterly Revenues and Adjusted EBITDA, Driven by Solid Organic Growth and Contribution from Acquisitions – Adjusted EBITDA Growth of 31% and 230 Basis Points of Margin Expansion – Raised Low End of Full Year 2024 Adjusted EBITDA Guidance Reflecting Strong Second Quarter Results – Healthy Balance Sheet with Net Debt to Adjusted EBITDA of 1.5x Provides Support for Acquisition Financing – In a Separate ...

Core Viewpoint - Arcosa (ACA) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Outlook - The Zacks rating upgrade reflects optimism about Arcosa's earnings potential, which could lead to increased buying pressure and a rise in stock price [2]. - Arcosa is expected to earn $3.58 per share for the fiscal year ending December 2024, representing a year-over-year increase of 10.8% [5]. Earnings Estimate Revisions - Over the past three months, the Zacks Consensus Estimate for Arcosa has increased by 6.1%, indicating a positive trend in earnings estimates [5]. - The change in earnings estimates is strongly correlated with near-term stock price movements, particularly influenced by institutional investors [3][4]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [4]. - Arcosa's upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting a strong potential for price appreciation in the near term [7].

Here are three stocks with buy rank and strong value characteristics for investors to consider today, June 6th:Arcosa, Inc. (ACA) : This provider of construction and infrastructure related products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.5% over the last 60 days.Arcosa has a price-to-earnings ratio (P/E) of 24.49, compared with 27.00 for the industry. The company possesses a Value Score  of B.Reliance, Inc. (RS) : This diversified me ...

For Immediate Release Chicago, IL – May 22, 2024 – Today, Zacks Equity Research discusses Owens Corning (OC) , Armstrong World Industries, Inc. (AWI) , Knife River Corp. (KNF) , Arcosa, Inc. (ACA) and Frontdoor, Inc. (FTDR) . Industry: Building Products Link: https://www.zacks.com/commentary/2276533/top-5-stocks-to-buy-in-the-flourishing-building-productsindustry Increased government infrastructure spending is bolstering companies in the Zacks Building Products - Miscellaneous industry. Although potential c ...

Increased government infrastructure spending is bolstering companies in the Zacks Building Products - Miscellaneous industry. Although potential challenges like macroeconomic uncertainties, high rates, low consumer confidence, new product investments, and rising raw material costs could squeeze margins, firms such as Owens Corning (OC) , Armstrong World Industries, Inc. (AWI) , Knife River Corporation (KNF) , Arcosa, Inc. (ACA) and Frontdoor, Inc. (FTDR) stand to gain from improved residential market, opera ...

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 ...

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 ...

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 ...

Financial Data and Key Metrics Changes - Total first quarter revenues increased by 9% year-over-year, reflecting solid organic performance across all business segments and contributions from recent acquisitions [6][10] - Consolidated adjusted EBITDA increased by 7%, normalizing for a $22 million land sale gain in the same period last year [6][10] - Operating cash flow significantly increased, generating $81 million for the quarter, up $53 million year-over-year [17] Business Segment Data and Key Metrics Changes - **Construction Products**: Revenues increased by 6% year-over-year, with freight-adjusted revenues up 9%. Adjusted segment EBITDA increased by 10% year-over-year, driven by acquisitions and operating improvements [11][12] - **Specialty Materials**: Revenues increased significantly due to double-digit price increases and higher volumes in plaster. Adjusted EBITDA improved with roughly 40 basis points of margin improvement [13] - **Engineered Structures**: Revenues increased by 12% due to higher utility structure and wind tower volumes, but adjusted segment EBITDA decreased by 10% due to lower margins from product mix [14][15] - **Transportation Products**: Revenues increased by 10%, with adjusted segment EBITDA rising by 32% and margin expanding by 270 basis points to 16.1% [16] Market Data and Key Metrics Changes - The demand outlook for construction products is driven by increased infrastructure spending, heavy manufacturing, and multifamily housing construction, while single-family housing demand remains weak [20] - The wind tower business is expected to enter a multiyear upcycle, with a healthy backlog of nearly $1 billion [21] - Inland barge demand is improving, with a 16% increase in backlog from the beginning of the year [22] Company Strategy and Development Direction - The acquisition of Ameron Pole Products is seen as a strategic fit, expanding the portfolio in traffic and telecom structures and enhancing margins in engineered structures [9][19] - The company is focused on operational execution, portfolio optimization, and capital allocation to growth businesses, both organically and through acquisitions [25] - Sustainability initiatives include a 17% reduction in greenhouse gas emission intensity compared to the 2020 baseline [24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the momentum from the first quarter and expects healthy market fundamentals to continue driving solid results [19][25] - The company anticipates that the second half of the year will see improved margins and growth in utility structures, despite some short-term challenges [42] - Management remains confident that infrastructure spending will be necessary regardless of political changes, supporting long-term growth [68] Other Important Information - The company revised its full-year CapEx guidance to $190 million to $205 million, reflecting increased spending related to Ameron and ongoing projects [17] - The net debt to adjusted EBITDA ratio is 1.2 times, with pro forma net debt to adjusted EBITDA following the Ameron acquisition at 1.7 times, below the long-term target range [18] Q&A Session Summary Question: Updates on New Mexico facility and profitability timeline - Management confirmed that the New Mexico plant is on schedule and expects to become profitable by the fourth quarter of this year [28] Question: Impact of antidumping ruling on rail components - Management noted positive developments in the maintenance market for rail components and expects continued improvement as inventory issues are resolved [32] Question: Plans for Ameron pole products business - Management indicated that Ameron complements existing products and will receive capital allocation to support growth [36][39] Question: Growth outlook for Utility Structures - Management expressed optimism about long-term growth in the Utility Structures segment, despite current margin pressures due to product mix [41][42] Question: Changes in guidance outlook - Management stated that the outlook remains consistent with initial expectations, with positive momentum observed in February and March [45] Question: Production shift in barge business - Management acknowledged potential short-term headwinds due to production realignment but emphasized the positive long-term outlook for tank barge orders [46][49] Question: Demand expectations in Construction Products - Management noted that larger infrastructure projects are finally being awarded, contributing to a positive demand outlook [53]