Arcosa, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:16 pm EDT
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Arcosa, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 591.7 million compared to USD 603.9 million a year ago. Net income was USD 35.5 million compared to USD 32 million a year ago. Basic earnings per share from continuing operations was USD 0.73 compared to USD 0.66 a year ago. Diluted earnings per share from continuing operations was USD 0.72 compared to USD 0.66 a year ago.
For the nine months, sales was USD 1,725.7 million compared to USD 1,742.5 million a year ago. Net income was USD 132.1 million compared to USD 91.2 million a year ago. Basic earnings per share from continuing operations was USD 2.71 compared to USD 1.88 a year ago. Diluted earnings per share from continuing operations was USD 2.7 compared to USD 1.87 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.