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Stock impact report

Arcosa, Inc. Completes Sale of Barge Business

Arcosa, Inc. (ACA) 
Last arcosa, inc. earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: Business Wire
Advances Portfolio Simplification and Streamlines Strategic Focus on Core Growth Platforms DALLAS--(BUSINESS WIRE)--Arcosa, Inc. (NYSE: ACA) (“Arcosa” or the “Company”), a provider of infrastructure-related products and solutions, today announced the completion of the sale of its inland barge business, Arcosa Marine Products, Inc., to Wynnchurch Capital, L.P. for $450 million in cash, subject to customary transaction adjustments. The Company intends to use the net after-tax proceeds to invest in the expansion of its core growth platforms and reduce outstanding debt.Antonio Carrillo, President and CEO of Arcosa commented, “Completion of this transaction is a significant milestone that further reduces complexity and cyclicality, raises our overall margin profile and enhances the long-term resiliency of the company. We will now be fully focused on construction materials and engineered structures, which are both well positioned to benefit from infrastructure and power market tailwinds Show less Read more
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