Earnings release
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News Release 972.942.6500 ARCOSA FOR IMMEDIATE RELEASE Arcosa , Inc. Announces Third Quarter 2021 Results Double Digit Growth in Revenues and Adjusted EBITDA , Led by Construction Products and Engineered Structures Recent Acquisitions , Together with Organic Growth and Attractive Fundamentals , Drive 48 % Year - Over - Year Growth in Construction Products Adjusted Segment EBITDA DALLAS , Texas - ARCOSA , Inc. - November 3 , 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 September 30 , 2021 . Third Quarter Highlights ( All comparisons are versus the prior - year quarter unless noted otherwise ) ● Revenues of $ 559.1 million , up 14 % Net income of $ 23.7 million and Adjusted Net Income of $ 27.8 million Diluted EPS of $ 0.49 and Adjusted Diluted EPS of $ 0.57 Adjusted EBITDA of $ 82.0 million , up 12 % Operating cash flow of $ 25.7 million and Free Cash Flow of $ 6.4 million " Record third quarter results were led by the strong performance of our Construction Products and Engineered Structures business segments , which more than offset lower year - over - year results in Transportation Products . This performance reflects the continued transformation of our portfolio and the considerable progress we have made over the last three years advancing our portfolio shift into higher margin and more stable Construction Products , " commented Antonio Carrillo , President and Chief Executive Officer . " Construction activity was strong overall in the third quarter , benefiting from improved weather conditions . Contributions from recent acquisitions , where integration is progressing well , and from broad - based pricing and volume gains drove significant Adjusted Segment EBITDA growth during the quarter . In addition , we completed a reorganization of our expanded natural aggregates platform into four key regions : Texas , Gulf Coast , Ohio River Valley , and West , leveraging the experience and talents of our combined teams . " Order activity for our utility , telecom , and traffic structures businesses was healthy during the quarter driven by continuing positive fundamentals . In addition , we received approximately $ 175 million of wind tower orders , providing a base level of production visibility for 2022 . While long - term fundamentals for the wind industry remain positive , some short - term headwinds continue primarily attributable to uncertainty surrounding the renewal of federal tax incentives . Conversely , we were pleased to see higher order activity trends in our steel components business serving the North American railcar market . arcosa.com