Earnings release
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News Release 972.942.6500 ARCOSA FOR IMMEDIATE RELEASE Arcosa , Inc. Announces First Quarter 2021 Results - - Results Ahead of Expectations on Strong Construction Products Performance Full Year 2021 Adjusted EBITDA Guidance Range Increased to $ 270 Million to $ 290 Million Following Recently - Completed StonePoint Materials Acquisition Liquidity and Balance Sheet Remain Solid After Inaugural Debt Offering and Acquisition Issuance of First Full Year Sustainability Report Advances Our ESG Commitment DALLAS , Texas - ARCOSA , Inc. - April 29 , 2021 : Arcosa , Inc. ( NYSE : ACA ) ( " Arcosa , " the " Company , " " We , " or " Our ” ) , a provider of infrastructure - related products and solutions , today announced results for the quarter ended March 31 , 2021 . First Quarter Highlights ( All comparisons are versus the prior - year quarter unless noted otherwise ) • • Revenues of $ 440.4 million , down 10 % Net income of $ 15.9 million and Adjusted Net Income of $ 17.6 million Diluted EPS of $ 0.32 and Adjusted Diluted EPS of $ 0.35 Adjusted EBITDA of $ 56.5 million , down 25 % Operating cash flow of $ 0.4 million and free cash flow of $ ( 19.5 ) million Commenting on the Company's performance , Antonio Carrillo , President and Chief Executive Officer , noted , “ Our portfolio demonstrated further resilience as our first quarter results came in better than expected due to strong performance from our Construction Products businesses . Construction activity was robust , particularly in our key Texas markets , producing improved profitability . We finished the quarter with strong momentum as better weather returned , helping to offset the negative impacts from Winter Storm Uri that broadly impacted our Texas and Southern United States footprint in February . " Order activity for our utility , traffic , and telecom structures businesses also remained healthy during the quarter . We continue to see solid growth drivers for infrastructure products , including electrical grid hardening , connection of renewables , and the wireless telecom buildout . arcosa.com