Financial Performance - Revenues for Q3 2024 were $640.4 million, an 8% increase from $591.7 million in Q3 2023[3] - Adjusted EBITDA for Q3 2024 increased by 28% to $114.0 million, with an adjusted EBITDA margin of 17.8%, up 270 basis points from the prior year[3] - Free cash flow for Q3 2024 was $107.2 million, a significant increase from $1.7 million in the prior year[3] - Adjusted net income for Q3 2024 was $44.6 million, a 24% increase from $35.9 million in Q3 2023[3] - Revenues for the three months ended September 30, 2024, increased to $640.4 million, up 8.5% from $591.7 million in the same period of 2023[25] - Net income for the nine months ended September 30, 2024, was $101.4 million, a decrease of 23.2% compared to $132.1 million for the same period in 2023[30] - Operating profit for the three months ended September 30, 2024, was $33.8 million, down 30.2% from $48.4 million in the prior year[27] - Net income for the three months ended September 30, 2024, was $16.6 million, a decrease of 53% from $35.5 million in the same period of 2023[32] - Adjusted net income for the nine months ended September 30, 2024, was $125.3 million, slightly up from $124.9 million in 2023[32] Segment Performance - Revenues for the Construction Products segment increased by 1% to $265.9 million, while adjusted segment EBITDA rose by 21% to $71.0 million[12] - Revenues for the Engineered Structures segment increased by 26% to $279.4 million, with adjusted segment EBITDA growing by 74% to $44.3 million[13] - Construction Products revenues for the three months ended September 30, 2024, were $265.9 million, a slight increase from $262.1 million in the same period of 2023[38] - Total revenues for the Transportation Products segment were $95.1 million for the three months ended September 30, 2024, down from $107.1 million in the same period of 2023[38] - Adjusted Segment EBITDA for Construction Products was $71.0 million for the three months ended September 30, 2024, compared to $58.7 million in the prior year, reflecting a margin increase to 26.7% from 22.4%[38] - Adjusted Segment EBITDA Margin for Transportation Products was 12.2% for the three months ended September 30, 2024, compared to 17.0% in the prior year[40] - The company reported an operating profit of $32.6 million for the Engineered Structures segment for the three months ended September 30, 2024, up from $18.7 million in the same period of 2023[38] Acquisition and Debt - The company completed the $1.2 billion acquisition of Stavola on October 1, 2024, enhancing its portfolio[5] - The company reported a pro forma net debt to adjusted EBITDA ratio of 3.4x following the Stavola acquisition[18] - The company completed the acquisition of Stavola for $1.2 billion, funded through a combination of debt instruments[43] - Net Debt as of September 30, 2024, was $491.9 million, with a Net Debt to Adjusted EBITDA ratio of 1.2, indicating a strong leverage position[43] Cash Flow and Assets - Cash and cash equivalents increased significantly to $756.8 million as of September 30, 2024, compared to $104.8 million at the end of 2023[28] - Total current assets rose to $1,559.7 million as of September 30, 2024, from $912.0 million at the end of 2023[28] - Cash provided by operating activities for the nine months ended September 30, 2024, was $253.8 million, compared to $198.8 million in the same period of 2023[42] - Free Cash Flow for the three months ended September 30, 2024, was $107.2 million, significantly up from $1.7 million in the same period of 2023, resulting in a Free Cash Flow Conversion of 646%[42] Expenses and Impairments - Interest expense for the three months ended September 30, 2024, was $15.8 million, significantly higher than $6.7 million in the same period of 2023[25] - Interest expense for the three months ended September 30, 2024, was $12.0 million, compared to $5.0 million in the same period of 2023[35] - The company recognized a loss of $23.0 million on the sale of its steel components business during the three months ended September 30, 2024[26] - The company reported an impairment charge of $5.8 million related to divestitures during the nine months ended September 30, 2024[38] - The loss on the sale of business contributed $23.0 million to the Adjusted EBITDA for the nine months ended September 30, 2024[44] Guidance - The company raised its full year 2024 adjusted EBITDA guidance to a range of $435 million to $450 million, up from the previous range of $420 million to $440 million[10] - The company provided full-year 2024 revenue guidance of $2,560.0 million to $2,630.0 million[35]

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks ...

Core Viewpoint - The sustainability of a trend is crucial for successful short-term investing, and confirming the fundamentals behind a stock's momentum is essential for profitability [1][2]. Group 1: Investment Strategy - Investors should utilize tools like the "Recent Price Strength" screen to identify stocks that are trending upwards and supported by strong fundamentals [3]. - Arcosa (ACA) has shown a solid price increase of 21.4% over the past 12 weeks, indicating investor confidence in its potential upside [4]. - A recent price increase of 1.1% over the last four weeks suggests that the upward trend for ACA is still intact [5]. Group 2: Stock Performance Indicators - ACA is currently trading at 90.6% of its 52-week high-low range, suggesting it may be on the verge of a breakout [6]. - The stock holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The Average Broker Recommendation for ACA is 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Additional Insights - The Zacks Rank stock-rating system has a strong historical performance, with Zacks Rank 1 stocks averaging a +25% annual return since 1988 [7]. - Besides ACA, there are other stocks that meet the criteria of the "Recent Price Strength" screen, providing additional investment opportunities [8].

WASHINGTON, Oct. 21, 2024 (GLOBE NEWSWIRE) -- American Citizens Abroad (ACA) has joined parties opposing actions which would narrow the ability of U.S. citizens living overseas to vote. In Pennsylvania, steps have been taken by state officials to make it easier for voters overseas to vote. Plaintiffs in the lawsuit would narrow voter registration rules as they apply to U.S. citizens living overseas. ACA favors rules and actions that make it easier for U.S. citizens living overseas to exercise their legal ri ...

Arcosa, Inc. (ACA) recently acquired the construction materials business of Stavola Holding Corporation and its affiliated entities (Stavola) for $1.2 billion.This apart, ACA completed the previously announced sale of its steel components business on Aug. 16, 2024.Buyout SynergiesThe acquisition was funded with a $600 million 6.875% Senior Note issuance (due 2032), which closed on Aug. 26, 2024, and a pre-payable $700 million variable-rate senior secured Term Loan B Facility (due 2031), which was funded con ...

Miguel Perfectti Synopsis Arcosa (NYSE:ACA) is an established provider of infrastructure-related products and solutions to the North American construction, transportation, and engineered structures markets. For 2Q24, ACA’s consolidated revenue increased by 13.7%. This growth was driven by all three of its segments, each of which experienced year-over-year revenue increases. Additionally, both adjusted EBITDA margin and adjusted net income margin expanded year-over-year. This quarter reported record reve ...

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 JUNE 30, 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 Other ...

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].