Arcosa
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Arcosa (ACA) investor relations material

Arcosa Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary27 Feb, 2026

Executive summary

  • Achieved record 2025 revenues of $2.9 billion (up 12%–16% year-over-year), record Adjusted EBITDA of $583 million (up 30%–33%), and margin improvement to 20.2% (up 250–280 bps), driven by organic growth, Stavola acquisition, and strong performance in construction materials and engineered structures.

  • Double-digit organic Adjusted EBITDA growth led by utility structures and aggregates; lowest annual safety incident rate in company history.

  • Announced sale of Barge business for $450 million in cash, expected to close in Q2 2026, to focus on core growth businesses and reduce portfolio complexity.

  • Portfolio transformation continues, with focus on construction materials and engineered structures.

Financial highlights

  • FY 2025 revenues increased to $2.88–$2.9 billion; Adjusted EBITDA rose to $583 million; net income up 122% to $208 million; Adjusted EBITDA margin expanded to 20.2%.

  • Q4 2025 Adjusted EBITDA up 13% to $145 million; all segments contributed to double-digit revenue and Adjusted EBITDA growth.

  • Free cash flow for FY 2025 was $202 million; net debt to Adjusted EBITDA improved to 1.3x–2.3x at year-end.

  • Achieved leverage goal two quarters ahead of schedule.

Outlook and guidance

  • 2026 revenue guidance: $2.95–$3.1 billion; Adjusted EBITDA: $590–$640 million, excluding barge divestiture.

  • Double-digit Adjusted EBITDA growth and margin uplift expected from core businesses, offsetting a temporary wind tower slowdown in 2026 with recovery in 2027.

  • CapEx for 2026 expected at $220–$250 million, with $70–$80 million for growth; net interest expense at $88–$90 million; effective tax rate at 17.5%–19.5%.

M&A focus post-barge sale proceeds deployment
Engineered Structures segment margin outlook 2026
Utility structures capacity expansion timeline
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Frequently asked questions

Arcosa, Inc., provides infrastructure-related products and solutions for the construction, energy, and transportation markets in the United States. The company offers temporary power, underground electrical locating and testing supplies and services; radiant heating cables for concrete slabs; high-voltage cable trays for subsurface conduit applications; cable bundling and raceway systems for electrical applications; precast concrete poles and structures; liquid containment systems for use in landfills and construction sites; steel structures for the energy industry; underground utility products for use in sewer construction projects; screw-in wood utility poles; wood utility poles made from recycled plastics; concrete manholes and chambers; chemical transfer racks for hydrocarbon storage facilities; embedded tanking products for petroleum companies; landscaping timbers to beautify urban sites, school grounds, golf course landing areas, driveways, and high traffic loading areas; transportation barriers to protect pedestrians on roadways and railways from vehicular traffic movements or obstructions like rocks or trees that fall on the roadway or railway.

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