Arcosa Inc. has completed the previously announced acquisition of the construction materials business of Stavola Holding Corp. and its affiliated entities for $1.2 billion. Founded in 1948, Stavola is an aggregates-led and vertically integrated construction materials company primarily serving the New York-New Jersey Metropolitan Statistical Area through its network of five hard rock natural aggregates quarries, 12 asphalt plants, and…
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Arcosa to add Ameron Pole Products to Portfolio
Aggregate, barge and utility structures producer Arcosa Inc. has announced a definitive agreement to acquire Ameron Pole Products LLC from Houston-based NOV Inc. The $180 million cash deal involves four Alabama, California and Oklahoma operations offering prestressed concrete or steel poles for a broad range of infrastructure applications, including lighting, traffic, electric distribution, and small-cell telecom. Ameron Pole Products will…
Read MoreArcosa Construction Products Revenues Up in Second Quarter
Arcosa Inc. announced results for the second quarter ended June 30, reporting revenues of $584.8 million versus $602.8 million in the second quarter of 2022, a 3% decrease. Construction Products revenues increased 8% to $264.8 million driven by higher pricing and volume growth in its recycled aggregates business, as well as organic volume growth and acquisition-related contribution in its trench shoring…
Read MoreArcosa Construction Products Division Revenues Increase in First Quarter
Arcosa Inc. announced first quarter 2023 results, reporting $549.2 million in revenue, compared to $535.8 million in the first quarter of 2022, a 3% increase. In its Construction Products division, revenues increased 12% to $236.1 million primarily due to strong organic pricing across its businesses, which more than offset overall volume declines. Volumes for natural aggregates declined due to the deceleration…
Read MoreArcosa Cites Progress Achieved in 2022
Arcosa Inc. announced results for the fourth quarter and full year ended Dec. 31, 2022. In the fourth quarter, revenues totaled $500.3 million versus $521.8 million in 2021. Construction Products segment revenues increased 5% to $221.9 million primarily due to strong organic pricing across its businesses that offset overall volume declines as well as the addition of RAMCO, the Southern…
Read MoreArcosa Construction Products Revenues Up 7%
Arcosa Inc. announced results for the third quarter ended Sept. 30. The company is reporting revenues of $603.9 million, up 8% and net income of $32.0 million, up 35%, Construction Products revenues increased 7% to $244.2 million primarily due to strong organic pricing, partially offset by lower overall volumes. Wet weather and cement availability that constrained its ready mix customers and…
Read MoreArcosa Construction Products Division Performs Well
Arcosa Inc. announced results for the first quarter ended March 31. The company is reporting: Revenues of $535.8 million, up 22%. Net income of $20.2 million and Adjusted Net Income of $20.9 million. Diluted EPS of $0.41, up 28%, and Adjusted Diluted EPS of $0.42, up 20%. Adjusted EBITDA of $73.4 million, up 30%. Operating cash flow of $24.5 million…
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