Arcosa, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 22, 2024 at 04:15 pm EST
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Arcosa, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 582.2 million compared to USD 500.3 million a year ago. Net income was USD 27.1 million compared to USD 154.6 million a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to USD 3.2 a year ago. Diluted earnings per share from continuing operations was USD 0.56 compared to USD 3.18 a year ago.
For the full year, sales was USD 2,307.9 million compared to USD 2,242.8 million a year ago. Net income was USD 159.2 million compared to USD 245.8 million a year ago. Basic earnings per share from continuing operations was USD 3.27 compared to USD 5.08 a year ago. Diluted earnings per share from continuing operations was USD 3.26 compared to USD 5.05 a year ago.
Arcosa, Inc. is a provider of infrastructure-related products and solutions. It operates through three segments: Construction Products, Engineered Structures and Transportation Products. Its Construction Products segment produces and sells natural and recycled aggregates, specialty materials, and construction site support equipment, including trench shields and shoring products. Its Engineered Structures segment manufactures and sells steel structures for infrastructure businesses, including utility structures for electricity transmission and distribution, structural wind towers, traffic structures, and telecommunication structures. Its Transportation Products segment manufactures and sells inland barges, fiberglass barge covers, winches, marine hardware, and steel components for railcars and other transportation and industrial equipment. It also manufactures concrete and steel poles for a range of infrastructure applications, including lighting, traffic, and electric distribution.