Arcosa, Inc. Announces Second Quarter 2019 Results and Raises Full Year 2019 Guidance
Arcosa, Inc. (ACA)
Last arcosa, inc. earnings: 4/28 04:15 pm
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Source: Business Wire
All 3 Business Segments Contribute to Significant Year-over-Year Revenue and Adjusted EBITDA GrowthA Combination of Organic Growth, the ACG Materials Acquisition, and Operating Margin Improvements Drives Results HigherFull Year 2019 Revenue and Adjusted EBITDA Guidance Raised to $1.75 Billion to $1.8 Billion and $230 Million to $240 Million, RespectivelyTwo Complementary Acquisitions During the Quarter Will Expand Product Offerings and Reduce Cyclicality DALLAS--(BUSINESS WIRE)--Arcosa, Inc. (NYSE: ACA) (“Arcosa” or the “Company”), a provider of infrastructure-related products and solutions, today announced results for the second quarter ended June 30, 2019.Second Quarter HighlightsRevenues increased 23% to $434.1 millionNet income increased 41% to $31.8 millionAdjusted EBITDA increased 38% to $64.2 millionDiluted EPS increased 41% to $0.65“This was another quarter of solid growth for Arcosa as we executed on our strategic plan,” commented Antonio Carrillo, President and Chief Exec
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