Arcosa(US:ACA)2023-02-24 16:14Financial Performance Highlights - Full year 2022 revenue increased by 10% to $2.24 billion[20], excluding the storage tanks business, revenue increased by 14%[20] - Full year 2022 Adjusted EBITDA increased by 15% to $325.1 million[20]; excluding the storage tanks business, Adjusted EBITDA increased by 19% to $271.8 million[20] - Q4 2022 Adjusted EBITDA was $61.7 million[17], a decrease of 6%[17]; excluding the storage tanks business, Adjusted EBITDA increased by 13% to $61.3 million[17] - The sale of the storage tanks business resulted in a gain of $189 million ($147 million after-tax)[5] Segment Results (FY 2022) - Construction Products revenue increased by 16% to $923.5 million, with Adjusted Segment EBITDA of $199.2 million[33] - Engineered Structures revenue increased by 7% to $1.002 billion, with Adjusted Segment EBITDA of $149.1 million[33] - Transportation Products revenue increased by 4% to $317.3 million, with Adjusted Segment EBITDA of $27.3 million[33] Strategic Initiatives and Outlook - The company divested its storage tanks business for $275 million in October 2022[12] - The company invested approximately $1.4 billion on acquisitions to expand the Construction Products platform[12] - The company expects solid revenue and Adjusted EBITDA growth for 2023, normalizing for the sale of storage tanks[5, 38] - Wind tower orders in Q4 2022 reached $371 million for delivery from 2023-2025[56] ESG Accomplishments - Scope 1 and 2 GHG emissions intensity declined by 9% compared to 2020 and 20% compared to 2019[57] - Municipal water intensity reduced by 23% compared to 2020 and 35% compared to 2019[57]